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Finance, Accounting , Budgeting Training Courses

Setting & Controlling Budgets

Duration
2025-04-06 5 Days 2025-04-10
Attendance

Hotel Meeting Room

Safir Hotel
Course code
FA-164
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City / venue
Cairo

Classroom

Fees / hours
2450 $ | 25 Hours

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Course details

Overview
Content
Training Methodology

Overview ?

Introduction

Setting & Controlling Budgets properly and accurately is fundamental to every successful business. This seminar shows how budgeting is linked to strategy, costing and performance measurement. The purpose of the seminar is to clarify the jargon and methodology of budgeting within the areas of managerial accounting and performance measurement.

Key learning objectives include:
  • Strategic planning
  • The linkages between planning, budgeting, costing and performance measurement
  • The features of budgetary control
  • Cost analysis: fixed vs. variable costs (CVP analysis); direct vs. indirect costs (traditional method and activity-based costing)
  • The role of full costing and contribution margin
  • Advantages and disadvantages of budgeting
Objectives
  • Link finance and operation for budgeting purposes and strategy execution
  • Learn how to build a comprehensive performance measurement system
  • Master traditional techniques and recent best practices
  • Develop an understanding of the corporate budgeting process
  • Be able to interpret the financial impact of strategic directions
  • Understand the problems of overheads allocation and how Activity Based Analysis may aid decision-making and pricing strategies
Training Methodology

The seminar is based on a combination of interactive activities - group and individual exercises, case studies, and discussions.

The environment will be a supportive one in which individuals with varying degrees of experience will be encouraged to share the approaches they currently use as well as try out new ones that they encounter on the seminar. The seminar speaker will be on hand to answer any questions a delegate may have and to act as a facilitator for building and applying new approaches.

Organisational Impact

  • Better understanding of the strategic planning process
  • 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

 

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
  • They will have better awareness of non-financial implications of budgeting
SEMINAR OUTLINE 
DAY 1 : Strategic and Financial Planning
  • Financial vs. managerial accounting
  • Exploring the linkages between strategy, budgeting, costing and performance measurement
  • Understanding what strategic planning is and why it is important
  • Mission; Vision; Strategy; Goals and Objectives
  • The outside environment and the internal context: SWOT and PESTEL analysis
  • What is happening in your company
  • Looking for the drivers of value creation
  • Examples and cases
DAY 2 : The Framework for Budgeting
  • What is a budget - why create a budget?
  • The budgeting framework
  • Various types of budgets
  • The budgeting process and the human side of budgeting
  • Sales forecasting and budgeting schedules
  • What is the budgeting process in your company?
  • Top down vs. bottom-up budget; incremental vs. zero-based
  • Examples of budgetary schedules
DAY 3 : Cost Analysis for Budgeting
  • What is costing? Defining costs
  • Cost behavior – Fixed and variable
  • Breakeven models - The Equation Method
  • The contribution margin concept
  • Direct and indirect costs
  • Traditional vs. Activity Based Costing
  • Product vs. period costs
  • Case study and examples
DAY 4 : Budgeting: case study day - Controlling the budget variances
  • What is the situation in your organization?
  • Is budgeting organized by department and/or projects?
  • Budget variance analysis
  • Describe the difference between a static budget and a flexible budget
  • Compute flexible-budget variances and sales-volume variances
  • Explain why standard costs are often used in variance analysis
  • Integrate continuous improvement into variance analysis
  • Case study, examples and exercises
DAY 5 : Beyond Budgeting: Broadening Performance Measurement Systems
  • Advantages and disadvantages of budgeting
  • How to improve budgeting in your organization
  • What next? Beyond the Budget…
  • The Balanced Scorecard: linking Strategy to budgeting to Performance Measurement
  • Financial perspective, Customer perspective
  • Internal Business Process perspective, Learning and growth perspective
  • Developing and adapting the scorecard
  • Case study illustration

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

Setting & Controlling Budgets

17, Feb 2025 21, Feb 2025

Beijing

4950$

Setting & Controlling Budgets

24, Feb 2025 28, Feb 2025

Amsterdam

4750$

Setting & Controlling Budgets

03, Mar 2025 07, Mar 2025

Bangkok

4950$

Setting & Controlling Budgets

09, Mar 2025 13, Mar 2025

Muscat

2750$

Setting & Controlling Budgets

17, Mar 2025 21, Mar 2025

Toronto

5500$

Setting & Controlling Budgets

24, Mar 2025 28, Mar 2025

Barcelona

4750$

Setting & Controlling Budgets

31, Mar 2025 04, Apr 2025

London

4750$

Setting & Controlling Budgets

06, Apr 2025 10, Apr 2025

Cairo

2450$

Setting & Controlling Budgets

14, Apr 2025 18, Apr 2025

Geneva

4750$

Setting & Controlling Budgets

21, Apr 2025 25, Apr 2025

Vienna

4750$

Setting & Controlling Budgets

28, Apr 2025 02, May 2025

Munich

4750$

Setting & Controlling Budgets

05, May 2025 09, May 2025

Prague

4750$

Setting & Controlling Budgets

12, May 2025 16, May 2025

Rome

4750$

Setting & Controlling Budgets

19, May 2025 23, May 2025

Jakarta

3500$

Setting & Controlling Budgets

25, May 2025 29, May 2025

Tunisia

3250$

Setting & Controlling Budgets

02, Jun 2025 06, Jun 2025

Marbella

4750$

Setting & Controlling Budgets

09, Jun 2025 13, Jun 2025

Paris

4750$

Setting & Controlling Budgets

16, Jun 2025 20, Jun 2025

Madrid

4750$

Setting & Controlling Budgets

22, Jun 2025 26, Jun 2025

DUBAI

2950$

Setting & Controlling Budgets

30, Jun 2025 04, Jul 2025

Kuala Lumpur

3250$

Setting & Controlling Budgets

30, Jun 2025 04, Jul 2025

Milan

4750$

Setting & Controlling Budgets

06, Jul 2025 10, Jul 2025

Amman

2750$

Setting & Controlling Budgets

13, Jul 2025 17, Jul 2025

Marrakesh

2950$

Setting & Controlling Budgets

20, Jul 2025 24, Jul 2025

Sharm ElShaikh

2750$

Setting & Controlling Budgets

27, Jul 2025 31, Jul 2025

Doha

3500$

Setting & Controlling Budgets

03, Aug 2025 07, Aug 2025

Casablanca

2950$

Setting & Controlling Budgets

10, Aug 2025 14, Aug 2025

Riyadh

2750$

Setting & Controlling Budgets

18, Aug 2025 22, Aug 2025

Istanbul

2950$

Setting & Controlling Budgets

24, Aug 2025 28, Aug 2025

Jeddah

2750$

Setting & Controlling Budgets

31, Aug 2025 04, Sep 2025

Manama

2750$

Setting & Controlling Budgets

07, Sep 2025 11, Sep 2025

Beirut

2750$

Setting & Controlling Budgets

15, Sep 2025 19, Sep 2025

Singapore

4950$

Setting & Controlling Budgets

21, Sep 2025 25, Sep 2025

Kuwait

2750$

Setting & Controlling Budgets

05, Oct 2025 09, Oct 2025

DUBAI

2950$

Setting & Controlling Budgets

06, Oct 2025 10, Oct 2025

Kuala Lumpur

3250$

Setting & Controlling Budgets

12, Oct 2025 16, Oct 2025

Amman

2750$

Setting & Controlling Budgets

19, Oct 2025 23, Oct 2025

Marrakesh

2950$

Setting & Controlling Budgets

26, Oct 2025 30, Oct 2025

Sharm ElShaikh

2750$

Setting & Controlling Budgets

02, Nov 2025 06, Nov 2025

Doha

3500$

Setting & Controlling Budgets

09, Nov 2025 13, Nov 2025

Casablanca

2950$

Setting & Controlling Budgets

16, Nov 2025 20, Nov 2025

Riyadh

2750$

Setting & Controlling Budgets

24, Nov 2025 28, Nov 2025

Istanbul

2950$

Setting & Controlling Budgets

30, Nov 2025 04, Dec 2025

Jeddah

2750$

Setting & Controlling Budgets

07, Dec 2025 11, Dec 2025

Manama

2750$

Setting & Controlling Budgets

14, Dec 2025 18, Dec 2025

Beirut

2750$

Setting & Controlling Budgets

22, Dec 2025 26, Dec 2025

Singapore

4950$

Setting & Controlling Budgets

28, Dec 2025 01, Jan 2026

Beirut

2750$

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