Course Overview

Each session during this educational program focuses on serving to you succeed effectiveness and accuracy in quick closing monthly and year-end accounts. The educational program define is up to now and pertinent to marketplace needs, therefore business well to any or all analytical prediction of Training desires within the fixed space. a customized proposal may also be organized, to suit the training  demand of your team.

Who Should Attend?

Accountants, finance managers, finance controllers, management accountants,  ledger  accountants, payable and accounts recievable  accountants, senior accountants and assistant accountants.

Program Outline

  • Budgeting and Planning
  • The Budget and the Functions of Management
  • Budget as a Planning Tool
  • Budgets and the Key Financial Statements
  • Top-Down versus Bottom-Up Process
  • Budget Cycle, Process and Approaches
  • The Budget Cycle
  • The Characteristics of Successful Budgeting
  • Making the Budget a Value-Added Activity
  • Top Ten Problems with Budgeting
  • Choosing the Proper Budgeting Approach:
  • Incremental Budgeting
  • Zero-Based Budgeting
  • Flexible Budgeting
  • Kaizen Budgeting
  • Activity-Based Budgeting
  • Rolling (Continuous) Budgets and Forecasts
  • The Master Budget and its Components
  • Operating and Capital Budgets
  • Best Practices in Budgeting
  • Creating a User-Friendly Template
  • Forecasting Techniques
  • Forecasting Models
  • Qualitative and Quantitative Methods
  • Steps in Developing Forecast Models
  • Time Series and Trend Analysis
  • Data Conditioning Techniques
  • Exponential Smoothing and Moving Averages
  • Simple and Multiple Regression Analysis
  • Advanced Capital Budgeting Evaluation Techniques
  • Business Risk and Cost of Capital
  • Classifying Investment Projects
  • Cash Flow Estimation
  • Analysing Investment and Operating Cash Flows
  • Time Value of Money Concept
  • The Required Rate of Return
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Multiple Internal Rates of Return
  • Modified Internal Rate of Return (MIRR)
  • Profitability Index (PI)
  • Pay-Back Period and Discounted Pay-Back Period
  • Capital Rationing
  • Comparing and Evaluating Techniques
  • Sensitivity and Risk Analysis
  • Breakeven Analysis and Optimization Techniques
  • Cost Volume Profit (CVP) Analysis
  • Using CVP to Reach a Target Income
  • Single Product and Multiple Products Breakeven Analysis
  • Working with Budget Constraints
  • Building Optimization Models
  • Management Budget Reports
  • Tracking the Budgets
  • Budget as a Control Tool
  • Variance Analysis

Program Objectives

By the end of the program, participants will be able to:
  • Build budget templates and models for their departments or organizations
  • Apply several forecasting techniques to better manage uncertainties in budgeting
  • Evaluate capital budgeting decisions using several methods and recommend proper action
  • Utilize Microsoft Excel functions and tools in the budgeting process
  • Evaluate the budgeting process in their organization and recommend improvements

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