• Cairo

    Cairo

Setting & Controlling Budgets

Introduction

This training seminar brings together important areas of Financial Management, Planning and Control: Financial Analysis, Planning and Control - Setting & Controlling Budgets.

 

It will help business professionals

  • Plan more effectively for the future
  • Use the financial techniques of planning and control
  • Improve performance from the use of the tools of financial analysis
  • Link planning and budgeting with costing and performance measurement
  • Master the skills of budgetary and cost control

 

Course Objectives

  • Plan and forecast at a business level.
  • Distinguish between different cost systems.
  • Develop an understanding of the corporate budgeting process.
  • Read, understand and interpret master budgets.
  • Prepare and monitor business performance and Identify cost savings.
  • Appreciate the importance of reducing unnecessary costs and working towards increased corporate efficiency.
  • Understand costs behavior more accurately
  • Identify & manage key financial indicators for the business
  • Be able to interpret the financial impact of strategic directions.

 

Training Methodology

The training seminar includes numerous practical examples and real-life illustrations, and participative exercises and case studies. It will be presented in a very user-friendly way to suit individuals with varying levels of financial knowledge and experience. Our aim is for this to be an enjoyable learning experience. The training methodology combines presentations, discussions, team exercises and case studies. Delegates will gain both a theoretical and a practical knowledge of all the topics covered. The emphasis is on the practical application of the topics and as a result delegates will return to the workplace with both the ability and the confidence to apply the techniques learned.

All delegates will receive a comprehensive manual of the seminar to take back to the company, which will serve as a useful source of reference in the future. In addition, all delegates will receive a USB containing a soft copy of the manual and additional material such as Excel models used during the training seminar.

 

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

  • 30% Lectures, Concepts, Role Play
  • 30% Workshops & Work Presentations, Techniques
  • 20% Based on Case Studies & Practical Exercises
  • 20% Videos, Software & General Discussions
  • Pre and Post Test

 

Organisational Impact

Recognise the importance of finance as a component of the strategic decision-making process

Appreciate the significance of the theoretical concepts underlying the use of financial tools in the strategic decision-making process

Apply the appropriate financial tools in the strategic decision-making process

Identify the impact of external factors on a company’s strategic financial plans and decision-making

Organisations should benefit from an increase in the ability of their managers to understand and analyse the key financial statements and anticipate the financial factors that form the basis of strategic decision-making, which should ultimately result in better strategic planning, and improved company performance

 

 

 

 

 

Personal Impact

Broaden their financial knowledge, develop and manage the financial aspects of their role more effectively, and enhance their performance

Increase their self-confidence in dealing with financial issues and financial professionals

Have a better understanding of how financial considerations help to support an organisation's strategic decisions

Better appreciate how such decisions may affect their own departments or business units, as well as their companies

Acquire the ability, when involved in decisions about investment, operations, or financing, to choose the most appropriate tools from the wide variety of financial techniques available to provide a quantitative analysis

 

Who Should Attend?

Financial Planning and Control Staff involved in the performance of a business unit, division or an organization as whole

Professionals with direct or indirect financial responsibilities

Personnel who manage departments with budgetary plans, and who are responsible for cost and strategic analysis

Professionals from all sectors of industry, but particularly those involved in manufacturing, production, engineering or sales

Professionals who would benefit from having an opportunity to consider new ideas and methods in budgeting

Training Methodology:
This interactive training course includes the following training methodologies as a percentage of the total
tuition hours:-
• 30% Lectures, Concepts, Role Play
• 30% Workshops & Work Presentations, Techniques
• 20% Based on Case Studies & Practical Exercises
• 20% Videos, Software & General Discussions

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule

  08:30 – 10:15 First Session

 10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

 12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

 14:00 – 15:00 Lunch

Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:

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