Spearhead Training > Finance Courses > Fundamentals Of Budgeting

Fundamentals Of Budgeting
'A Complete Overview Of The Entire Budgeting Process'

Who Should Attend?

This programme is designed for those responsible for completing budgets for their departments, as well as those who are responsible for managing their organization's budget process, but have no formal training or experience. It is useful for managers and non-managers in any industry, from small to large companies / organizations.

About The Programme

Successful budgeting skills are key for those who want to succeed in business, since budgets are related to a company's strategic objectives, and help decide the overall direction. Getting budget numbers wrong can have severe consequences. But often, managers and others responsible for budgets are just assumed to understand how to budget, even though there are many aspects of budgeting that are not 'intuitive'. Rather than learn by trial and error, you can get your budgets right first time.

This course introduces you to the basic knowledge necessary for proper budgeting, and then builds on that knowledge. Managers will learn to develop practical budgeting skills, which will enable them to meet senior management's expectations by consistently and continuously delivering operational objectives, while achieving financial performance goals. Depending on delegate requirements, a short section on how budgeting for 'non-profits' is different to 'for-profit' budgeting, may be included.

This course is very interactive, so there are no long periods of dry lectures. Budgeting is explained in practical, easy to understand language, and then reinforced with frequent exercises and activities.

Course Objectives

  • To learn the difference between a budget and a forecast
  • To learn the steps to creating a budget
  • To understand the different approaches to budgeting
  • To learn how to project current year sales
  • To understand the basics of production and raw materials budgeting
  • To learn how to do sales budgets
  • To learn how to budget for new businesses
  • To learn the difference between budgeting for fixed expenses, and for variable expenses
  • To learn how to budget for payroll
  • To understand how capital budgeting is different to other budgeting
  • To learn about Return On Investment (ROI) to make good decisions about capital budgets
  • To understand how to allocate budgets properly by month
  • To understand how to set up a cash budget
  • To use variance analysis to assess performance against budget
  • To learn about budgeting for projects

What You Will Gain

  • Greater confidence from senior management, fellow managers, and subordinates, by demonstrating budgeting competence
  • Firm knowledge of budget terminology and techniques
  • An ability to make meaningful contributions to the company's budget process
  • Many practical techniques which will take the mystery out of the budgeting process

Programme Content

    DAY ONE
  • Benefits Of Budgeting
  • Difference Between A Budget And A Forecast
  • Strategic Plans
  • Different Budget Approaches:
    >Zero-Based Budgeting
    >Top-Down
    >Bottom-Up
    >Rolling / Continuous
    >Flexible Budgets
  • Components Of The Master Budget
  • Sales Budget
    >Current Year Projections
    >How To Create A Sales Plan
    >Product Life Cycle
    >Sales By Month
  • Budgeting For A New Business
  • Budget Templates For Unit Managers
  • Budgeting For Fixed And Variable Expenses
  • Production And Raw Materials Budget
  • Payroll And Headcount Budget
  • Budgeting For Contingencies
  • How To Choose A Fiscal Year
  • Pro Forma Income Statements

    DAY TWO
  • Steps To Creating A Budget
  • Cash Budgets
  • Budget Review And Variance Analysis
    >Price / Volume Variance
    >Labour Variances
  • Capital Budgeting
  • Investment Appraisal Techniques
    >Payback Period
    >Average Rate Of Return (ARR)
    >Net Present Value (Present Value And Discounted Cash Flow)
    >Internal Rate Of Return (IRR)
  • Budgeting For Projects
    >Estimation Techniques
    >Project Reserves
    >Earned Value Management

2 Days

Delegate spaces available on the following course dates:

Date: 12th April » 13th April, 2017
Location: Dubai
Brochure Price: Dhs 4,300/-
Online Price: Dhs 4,085/-
Date: 30th July » 31st July, 2017
Location: Abu Dhabi
Brochure Price: Dhs 4,300/-
Online Price: Dhs 4,085/-
Date: 4th October » 5th October, 2017
Location: Dubai
Brochure Price: Dhs 4,300/-
Online Price: Dhs 4,085/-
Date: 11th October » 12th October, 2017
Location: Abu Dhabi
Brochure Price: Dhs 4,300/-
Online Price: Dhs 4,085/-
Date: 15th November » 16th November, 2017
Location: Qatar
Brochure Price: Dhs 4,300/-
Online Price: Dhs 4,085/-

Before the course each delegate will be asked to complete a Pre-Course Briefing Form to determine their individual objectives for attending the course. These objectives will be used by the Tutor to give on-target training that is focused on the individual delegates.

At the end of the course each delegate will be asked to complete a Personal Development Plan that can be used as part of future appraisals, and that will also be an important tool for management reference.

Total Investment: AED / QR 4,300/- which includes - Training Materials, Lunch and Refreshments. Discount available for multiple bookings.

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