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Finance, Accounting , Budgeting Training Courses

Budget Preparation Skills

Duration
2025-06-02 5 Days 2025-06-06
Attendance

Hotel Meeting Room

Hotel Meeting Room
Course code
FA-447
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City / venue
Milan

Classroom

Fees / hours
4750 $ | 25 Hours

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Course details

Overview
Content
Training Methodology

Overview ?

Introduction

Budget Preparation Skills is a comprehensive programme that focuses on the essential skills required to understand the processes of costing and budgeting within organisations. The programme is designed to address all the relevant issues concerning cost analysis, budget preparation and performance measurement. This seminar is a must for all professionals who need to master their budgeting skills by learning how costs behave so that realistic business plans can be produced.

The seminar enables participants to:
  • Identify the key factors required to understand business processes
  • Develop proper system of cost analysis for budgeting purposes
  • Master the budgeting and financial skills required for better decision-making
  • Identify sources of financial and operational data to support the budgeting process
  • Learn new best practices to manage organisational performance
Seminar Objectives
  • Learn costing and budgeting terminology used in business
  • Understand the importance of a well-defined costing and budgeting process
  • Determine full costs of outputs for the goods and services provided
  • Master traditional techniques and recent best practices
  • Link finance and operation for budgeting purposes and strategy execution
  • Learn how to build a comprehensive performance measurement system
Training Methodology

The seminar will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Each learning point will be reinforced with practical exercises. Difficult mathematical concepts are minimised and handled in a visual way that is easy to understand with examples demonstrated.

Organisational Impact
  • Cost and budgeting awareness will be enhanced
  • Higher chances to select a budgetary system that works
  • Broadened knowledge of performance management techniques
  • Better attitude to link cost and budgeting to strategy and performance measurement
  • Deeper understanding of cause and effect relationship for budgeting purposes
  • Better awareness of non-financial implications of budgeting
Personal Impact
  • Delegates will understand the budgeting methods most useful to them
  • They will understand how to construct a relevant and efficient budget
  • They will learn to evaluate the usefulness of costing techniques in accurately calculating and ensuring profitability
  • They will reinforce and expand their knowledge by linking budgeting to strategy and performance measurement
  • They will broaden their understanding by linking financial and operational issues
Who Should Attend?
  • The staff person who will be responsible for entering data into the budget system or training others how to enter information
  • Those who want to gain control of the firm’s financial standing and obtain a firm grasp on the numbers side of their job
  • Financial professionals, R&D professionals, sales/marketing professionals, general accounting professionals, business unit professionals
  • Anyone who wants to understand the basics of budgeting and costing
Programme Outline
Day 1 – Budgeting and its role within the management process
  • The role of budgeting within management accounting
  • Linking costing and budgeting to strategy and performance measurement
  • The process of value creation: implications for budgeting
  • What is a budget and why costing is fundamental
  • Budgets – the financial expression of the operating plan
  • Linking financial and operational issues
  • Behavioural implications of budgeting
  • Case discussion and examples
Day 2 – Cost Analysis for Budgetary Purposes
  • Costing for budgeting: Why?
  • Cost terms and purposes
  • Fixed and variable costs
  • Cost, volume, profit (CVP) relationships
  • The key concept of contribution margin
  • Direct and indirect cost – the allocation problem
  • Traditional methods versus activity based costing (ABC)
  • Case discussion and examples
Day 3 – The Framework for Budgeting
  • Elements of the budgeting framework
  • Key concepts and terminology
  • Advantages and disadvantages: critical issues to be discussed
  • Overview of the financial statements
  • Balance sheet, income statement, and the statement of cash flows
  • Introducing cost analysis for decision-making
  • The importance of understanding full costs
  • Case discussion and examples
Day 4 – Flexible budgets and variance analysis
  • Budgeting for management control purposes
  • Explain why standard costs are used in variance analysis
  • Describe the difference between a fixed budget and a flexed budget
  • Compute flexed budget variances and sales volume variances
  • How to interpret variance analysis
  • Integrate continuous improvement into variance analysis
  • Is budgeting enough?
  • Case discussion and examples
Day 5 – Beyond budgeting: broadening performance measurement systems
  • Shortcomings of traditional approaches to budgeting and measurement
  • Linking financial to operational issues
  • Linking strategy to performance measurement
  • The balanced scorecard and six sigma
  • Financial perspective
  • Customer perspective
  • Internal business process perspective
  • Learning and growth perspective
  • Developing and adapting the scorecard
  • Case discussion and examples

Day 1

Asset Cost Management Introduction

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 2

Laying the Groundwork

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 3

Applying the Value based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 4

Ensuring the Continuity of the Value-based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 5

Supporting Process that Lower Life-cycle costs

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Training Methodology

Pathways Training and consulting adopts the newest techniques of human resources Training and consulting and, with the following:

  • Theoretical lectures are delivered via PowerPoint and visual displays (videos and short films)
  • Making scientific evaluation to the trainee (before and after)
  • Brainstorming and role-playing
  • Using case studies related to the scientific material being delivered and the trainees' work.
  • The participants get the scientific and practical material printed and on CDs and Flash memories.
  • Preparing records and reports of the participants' attendance and results, with a general evaluation of the training program.
  • A group of the best trainers and experts in all fields and specialties professionally prepares the scientific material.
  • After finishing the course, the participants get certificates of attendance signed, certified, and issued by pathways Training and consulting.
  • Our training programs start at 9:00 o'clock in the morning and end at 2:00 in the afternoon, with snack buffet during the lectures.
  • Providing a lunch buffet during the training program period, with organizing a lunch party on the training program final day for taking some photos and certificate awarding.
Different venues & timings for this course

Course name

Duration

City

Price

Budget Preparation Skills

17, Feb 2025 21, Feb 2025

Istanbul

2950$

Budget Preparation Skills

23, Feb 2025 27, Feb 2025

Jeddah

2750$

Budget Preparation Skills

02, Mar 2025 06, Mar 2025

Manama

2750$

Budget Preparation Skills

09, Mar 2025 13, Mar 2025

Beirut

2750$

Budget Preparation Skills

17, Mar 2025 21, Mar 2025

Singapore

4950$

Budget Preparation Skills

23, Mar 2025 27, Mar 2025

Kuwait

2750$

Budget Preparation Skills

30, Mar 2025 03, Apr 2025

DUBAI

2950$

Budget Preparation Skills

07, Apr 2025 11, Apr 2025

Kuala Lumpur

3250$

Budget Preparation Skills

13, Apr 2025 17, Apr 2025

Amman

2750$

Budget Preparation Skills

20, Apr 2025 24, Apr 2025

Marrakesh

2950$

Budget Preparation Skills

27, Apr 2025 01, May 2025

Sharm ElShaikh

2750$

Budget Preparation Skills

04, May 2025 08, May 2025

Doha

3500$

Budget Preparation Skills

04, May 2025 08, May 2025

Khobar

2750$

Budget Preparation Skills

11, May 2025 15, May 2025

Casablanca

2950$

Budget Preparation Skills

18, May 2025 22, May 2025

Riyadh

2750$

Budget Preparation Skills

26, May 2025 30, May 2025

Istanbul

2950$

Budget Preparation Skills

01, Jun 2025 05, Jun 2025

Jeddah

2750$

Budget Preparation Skills

02, Jun 2025 06, Jun 2025

Milan

4750$

Budget Preparation Skills

08, Jun 2025 12, Jun 2025

Manama

2750$

Budget Preparation Skills

15, Jun 2025 19, Jun 2025

Beirut

2750$

Budget Preparation Skills

23, Jun 2025 27, Jun 2025

Singapore

4950$

Budget Preparation Skills

29, Jun 2025 03, Jul 2025

Kuwait

2750$

Budget Preparation Skills

07, Jul 2025 11, Jul 2025

Berlin

4750$

Budget Preparation Skills

14, Jul 2025 18, Jul 2025

Brussels

4750$

Budget Preparation Skills

21, Jul 2025 25, Jul 2025

Zurich

4750$

Budget Preparation Skills

28, Jul 2025 01, Aug 2025

Trabzon

3500$

Budget Preparation Skills

04, Aug 2025 08, Aug 2025

Beijing

4950$

Budget Preparation Skills

11, Aug 2025 15, Aug 2025

Amsterdam

4750$

Budget Preparation Skills

18, Aug 2025 22, Aug 2025

Bangkok

4950$

Budget Preparation Skills

24, Aug 2025 28, Aug 2025

Muscat

2750$

Budget Preparation Skills

01, Sep 2025 05, Sep 2025

Toronto

5500$

Budget Preparation Skills

08, Sep 2025 12, Sep 2025

Barcelona

4750$

Budget Preparation Skills

15, Sep 2025 19, Sep 2025

London

4750$

Budget Preparation Skills

21, Sep 2025 25, Sep 2025

Cairo

2450$

Budget Preparation Skills

29, Sep 2025 03, Oct 2025

Geneva

4750$

Budget Preparation Skills

06, Oct 2025 10, Oct 2025

Vienna

4750$

Budget Preparation Skills

13, Oct 2025 17, Oct 2025

Munich

4750$

Budget Preparation Skills

20, Oct 2025 24, Oct 2025

Prague

4750$

Budget Preparation Skills

27, Oct 2025 31, Oct 2025

Rome

4750$

Budget Preparation Skills

03, Nov 2025 07, Nov 2025

Jakarta

3500$

Budget Preparation Skills

09, Nov 2025 13, Nov 2025

Tunisia

3250$

Budget Preparation Skills

17, Nov 2025 21, Nov 2025

Marbella

4750$

Budget Preparation Skills

24, Nov 2025 28, Nov 2025

Paris

4750$

Budget Preparation Skills

01, Dec 2025 05, Dec 2025

Madrid

4750$

Budget Preparation Skills

07, Dec 2025 11, Dec 2025

DUBAI

2950$

Budget Preparation Skills

15, Dec 2025 19, Dec 2025

Kuala Lumpur

3250$

Budget Preparation Skills

21, Dec 2025 25, Dec 2025

Amman

2750$

Budget Preparation Skills

29, Dec 2025 02, Jan 2026

Kuala Lumpur

3250$

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