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Finance, Accounting , Budgeting Training Courses

Preparing Budgets

Duration
2025-03-03 5 Days 2025-03-07
Attendance

Hotel Meeting Room

Hotel Meeting Room
Course code
FA-166
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City / venue
Toronto

Classroom

Fees / hours
5500 $ | 25 Hours

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Course details

Overview
Content
Training Methodology

Overview ?

The Course

Budgets are an essential financial tool, which aid, planning, decision making, resource allocation, co-ordination and control.

Without the necessary skills Budgets can be badly prepared and/or implemented leading to poor decisions, mid-use of vital resources, poor co-ordination and a lack of control or even too much control resulting in missed opportunities.

This programme provides participants with the skills necessary for the effective preparation and implementation of budgets including the:
  • Sales Budgets
  • Production Budgets
  • Cash Budgets
  • Capital Budgets and
  • Master Budget
The Goals
Participants attending will:
  • Develop the skills to Plan Budgets within a sound Strategic Plan
  • Develop the skills to Prepare Budgets using:
    • Appropriate Forecasting Techniques including Time Series Models,
    • Exponential Smoothing, Regression and Correlation Analysis and
    • Costing Methods such as Activity Based Costing
  • Develop the skills to effectively implement Budgets by:
  • Becoming aware of the problems/limitations of budgets and the conditions required for their success
  • Integrating the budgeting process with the development of the company’s long-term strategic vision
In particular the following will find it very helpful:
  • Financial managers, finance controllers treasurers and inventory managers
  • Senior managers with a direct responsibility for financial management and control
  • Accountants, sale and purchase managers and managers responsible for relationship with banks
  • Any manager, at a medium and senior level, who is a part of the financial decision making team.
  • New interns and trainees with finance related responsibilities.
  • Department heads, process owners, administrative personnel associated with budget management, financial and technical professionals, sales and marketing professionals, project managers, and anyone who needs to understand how to develop cost projections for their department, projects.
The Process

The programme is highly interactive. Delegates will be actively engaged in an on-going case study applying different planning, forecasting and analysis techniques in a work situation to ensure development of understanding and the transfer of skills. Participants will also be given a detailed set of handouts and examples.

The Benefits
  • You will be able to further your professional skills.
  • You will be able to make more informed and hence better planning, budgeting and forecasting decisions using various models and software.
  • You will make improved budgeting decisions which will increase your importance to your organization
  • You will be better placed to liaise effectively with other departments on planning, forecasting & budgeting matters.
The Results
  • Participants will not only be able to analyze various business problems but will also be able to evaluate various courses of action and make sound recommendations for action using leading software
  • The participants will become more aware of the importance of effective planning, budgeting and forecasting making the budgeting process more cost effective
  • New skills for strategic planning will help to make more informed and hence better management decisions.
  • Exposure to different techniques will help the company to efficiently forecast everything from cash to capital projects.
  • The knowledge gained can be shared amongst other departments of the company.
The Core Competencies
  • Integrating the planning process with the budgeting cycle
  • Forecasting using various models including Time Series Models, Exponential
  • Smoothing, Regression and Correlation Analysis using Excel and leading software/models
  • Sales Budgets
  • Production Budgets
  • Cash Budgets
  • Capital Budgets
The Programme Content
The Essentials of Budgeting
  • Strategic Planning, Forecasting, Budgeting and Costing – Defined
  • The inter-relationship of Strategic Planning, Forecasting, Budgets and Costing
  • The Benefits & Limitations of Budgets and the Essential Features & Conditions Required
  • An Evaluation of Various Types of Budgets, e.g.
    • Fixed
    • Variable
    • Zero Based
    • Activity Based
    • Capital Budget
  • The Essential Features of Activity-Based Budgeting
    • Developing the ABB application model
    • Budgeting for Processes rather than Departments
    • Defining Key Cost Drivers
    • Defining Key Activities
    • Development of ABB Cost Standards
    • Developing the Activity-Based Budget
  • Preparing The Master Budget using Excel
    • Sales Budgets
    • Production Budgets
    • Cash Budgets
    • Capital Budgets
    • The Master Budget
Forecasting Future Sales, Costs, Exchange Rates, Interest Rates, etc
  • Determine the Purpose or Objective of Forecasting
  • Methods of Forecasting using Qualitative and Quantitative/Statistical Analysis
  • including the Exploratory Data Analysis Tools Available in Excel®
    • Their Use & Limitations
    • Recognizing the Basic Patterns Inherent in Historical Data
    • Time Series Analysis
    • Exponential Smoothing
    • Correlation and Regression Analysis
  • Presenting initial forecasts to decision makers
  • Forecasting future Market/Sector developments using Qualitative Analysis – SWOT Analysis and LEPESTE & Co Analysis
  • Implementing Forecasts into the Budget
  • Considering Hedging Strategies where variables such as Exchange Rates and Interest Rates cannot be forecast accurately
    • Forwards, FRA’s, Futures, Options and Swaps
Preparing and Implementing Budgets Based on Forecasts
  • Preparing the Sales Budget
  • Determining the price, credit policy, discount policy and currency
  • Preparing the Production Budget
  • Preparing the Cash Budget
  • Make finance and investment decisions
  • Preparing Capital Budgets
  • Use Excel®, to evaluate various Capital Projects using Present
  • Value, Future Value, Net Present Value, Internal Rate of Return, Modified Internal Rate of Return and Discounted Payback models
  • An Introduction to “What If” and Sensitivity Analysis to evaluate the implications of changes in major factors of production and make strategic decisions
  • Implementing Budgets Successfully
  • The Conditions Required
  • The Management Skills Required

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

Preparing Budgets

17, Feb 2025 21, Feb 2025

Bangkok

4950$

Preparing Budgets

23, Feb 2025 27, Feb 2025

Muscat

2750$

Preparing Budgets

03, Mar 2025 07, Mar 2025

Toronto

5500$

Preparing Budgets

10, Mar 2025 14, Mar 2025

Barcelona

4750$

Preparing Budgets

17, Mar 2025 21, Mar 2025

London

4750$

Preparing Budgets

23, Mar 2025 27, Mar 2025

Cairo

2450$

Preparing Budgets

31, Mar 2025 04, Apr 2025

Geneva

4750$

Preparing Budgets

07, Apr 2025 11, Apr 2025

Vienna

4750$

Preparing Budgets

14, Apr 2025 18, Apr 2025

Munich

4750$

Preparing Budgets

21, Apr 2025 25, Apr 2025

Prague

4750$

Preparing Budgets

28, Apr 2025 02, May 2025

Rome

4750$

Preparing Budgets

05, May 2025 09, May 2025

Jakarta

3500$

Preparing Budgets

11, May 2025 15, May 2025

Tunisia

3250$

Preparing Budgets

19, May 2025 23, May 2025

Marbella

4750$

Preparing Budgets

26, May 2025 30, May 2025

Paris

4750$

Preparing Budgets

02, Jun 2025 06, Jun 2025

Madrid

4750$

Preparing Budgets

08, Jun 2025 12, Jun 2025

DUBAI

2950$

Preparing Budgets

16, Jun 2025 20, Jun 2025

Kuala Lumpur

3250$

Preparing Budgets

22, Jun 2025 26, Jun 2025

Amman

2750$

Preparing Budgets

29, Jun 2025 03, Jul 2025

Marrakesh

2950$

Preparing Budgets

06, Jul 2025 10, Jul 2025

Sharm ElShaikh

2750$

Preparing Budgets

13, Jul 2025 17, Jul 2025

Doha

3500$

Preparing Budgets

20, Jul 2025 24, Jul 2025

Casablanca

2950$

Preparing Budgets

27, Jul 2025 31, Jul 2025

Riyadh

2750$

Preparing Budgets

04, Aug 2025 08, Aug 2025

Istanbul

2950$

Preparing Budgets

10, Aug 2025 14, Aug 2025

Jeddah

2750$

Preparing Budgets

17, Aug 2025 21, Aug 2025

Manama

2750$

Preparing Budgets

24, Aug 2025 28, Aug 2025

Beirut

2750$

Preparing Budgets

01, Sep 2025 05, Sep 2025

Singapore

4950$

Preparing Budgets

07, Sep 2025 11, Sep 2025

Kuwait

2750$

Preparing Budgets

14, Sep 2025 18, Sep 2025

DUBAI

2950$

Preparing Budgets

22, Sep 2025 26, Sep 2025

Kuala Lumpur

3250$

Preparing Budgets

28, Sep 2025 02, Oct 2025

Amman

2750$

Preparing Budgets

28, Sep 2025 02, Oct 2025

Khobar

2750$

Preparing Budgets

05, Oct 2025 09, Oct 2025

Marrakesh

2950$

Preparing Budgets

06, Oct 2025 10, Oct 2025

Milan

4750$

Preparing Budgets

12, Oct 2025 16, Oct 2025

Sharm ElShaikh

2750$

Preparing Budgets

19, Oct 2025 23, Oct 2025

Doha

3500$

Preparing Budgets

26, Oct 2025 30, Oct 2025

Casablanca

2950$

Preparing Budgets

02, Nov 2025 06, Nov 2025

Riyadh

2750$

Preparing Budgets

10, Nov 2025 14, Nov 2025

Istanbul

2950$

Preparing Budgets

16, Nov 2025 20, Nov 2025

Jeddah

2750$

Preparing Budgets

17, Nov 2025 21, Nov 2025

Milan

4750$

Preparing Budgets

23, Nov 2025 27, Nov 2025

Manama

2750$

Preparing Budgets

30, Nov 2025 04, Dec 2025

Beirut

2750$

Preparing Budgets

08, Dec 2025 12, Dec 2025

Singapore

4950$

Preparing Budgets

14, Dec 2025 18, Dec 2025

Kuwait

2750$

Preparing Budgets

22, Dec 2025 26, Dec 2025

Berlin

4750$

Preparing Budgets

28, Dec 2025 01, Jan 2026

Kuwait

2750$

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