Budgeting and Forecasting Skills (BFS)

مهارة إعداد الموازنات والتنبؤات المالية

Objectives:

The training aims to achieve the following objectives:

  • Develop the budget with a broad view of the corporate functions
  • Integrate the strategic guidelines into the discussions of budgeting process
  • Structure the budget planning and development in a logical sequence 
  • Coordinate the project of budget planning with the different areas of the company 
  • Actively promote assumptions discussions to improve the process of developing the budget 
  • Apply financial concepts to support the budget planning process 
  • Design a budget monitoring and control model to support the performance management

Topics:

  • Budget and business plan 
  • Budget and forecast 
  • Budget and the business strategy 
  • Budgeting process 
  • The planning cycles 
  • Potential problems 
  • Developing budgets 
  • From operational budgets to financial budgets 
  • Process/steps 
  • Types of budgets 
  • Fixed, Flexed, Rolling 
  • Methods of budgeting 
  • Incremental 
  • Zero based budgeting 
  • Approaches to budgeting 
  • Top down, bottom up 
  • Iterative 
  • Activity orientated 
  • Task orientated 
  • Planning programming budgeting system 
  • Behavioral aspects of budgeting 
  • Forecasting versus budgeting 
  • Process flow of an organization 
  • Gathering information 
  • Anticipating and budgeting for revenues 
  • Estimating expenditure 
  • Understanding costs 
  • Operational budgets 
  • Financial budgets 
  • Statement of financial performance 
  • Statement of financial position 
  • Statement of cash flows 

Prerequisites

N/A

To learn more, fill the following form (English or Arabic) and a training consultant will call you:

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