Finance and Accounting

Training Course: The Complete Course on Budgeting


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FI235535

27 Apr - 1 May 2025

Dubai (UAE)

Cost : 4150 € Euro

Introduction

Budgeting is a fundamental skill for managing finances, both in personal and professional environments. This course will equip participants with comprehensive knowledge and practical skills for effective budgeting, financial planning, and control. The program covers everything from basic budgeting concepts to advanced techniques for forecasting, variance analysis, and strategic financial planning.

 

Target Audience

  • Finance professionals
  • Business managers and decision-makers
  • Entrepreneurs and business owners
  • Anyone involved in budgeting, financial planning, and cost management

 

Objectives

By the end of this course, participants will be able to:

  • Understand the principles and processes of budgeting.
  • Develop and manage budgets effectively for various types of organizations.
  • Analyze variances between actual and budgeted performance.
  • Apply forecasting techniques and financial planning tools.
  • Make informed decisions based on financial data.
  • Implement effective budgeting strategies for both short-term and long-term financial goals.

 

 

Training Program Outline

 

Day 1: Introduction to Budgeting

  • Session 1: The Importance of Budgeting
    • Definition and Purpose
    • Types of Budgets (Operating, Capital, Cash, and Master Budgets)
    • Role of Budgeting in Financial Management
  • Session 2: Budgeting Process
    • Steps in Creating a Budget
    • Establishing Budget Objectives
    • Aligning Budgets with Organizational Strategy
  • Session 3: Financial Statements Review
    • Understanding Key Financial Statements (Income Statement, Balance Sheet, Cash Flow Statement)
    • Budgeting Based on Financial Data
  • Workshop: Creating a Basic Operating Budget

 

Day 2: Budget Preparation and Forecasting

  • Session 1: Budget Preparation Techniques
    • Zero-Based Budgeting
    • Activity-Based Budgeting
    • Incremental Budgeting
  • Session 2: Forecasting in Budgeting
    • Definition and Importance of Forecasting
    • Techniques for Accurate Forecasting (Historical Data, Trend Analysis)
    • Creating Sales and Revenue Forecasts
  • Session 3: Budgeting for Capital Expenditure
    • Identifying and Categorizing Capital Investments
    • Capital Budgeting Techniques (Payback Period, Net Present Value, Internal Rate of Return)
  • Case Study: Developing a Capital Expenditure Budget

 

Day 3: Budget Control and Monitoring

  • Session 1: Implementing Budgetary Control
    • Monitoring and Managing Budget Performance
    • Tools and Techniques for Budget Control (Variance Analysis, Cost-Volume-Profit Analysis)
  • Session 2: Variance Analysis
    • Understanding Variances (Favorable and Unfavorable)
    • Analyzing Variances in Revenues, Costs, and Profits
    • Corrective Measures for Budget Deviations
  • Session 3: Flexible Budgets
    • Benefits of Flexible Budgets
    • Creating and Managing a Flexible Budget
  • Exercise: Performing Variance Analysis

 

Day 4: Advanced Budgeting Techniques

  • Session 1: Rolling Budgets
    • Benefits of Rolling Budgets
    • Developing Rolling Forecasts
    • Adjusting for Changing Business Conditions
  • Session 2: Budgeting for Uncertainty
    • Risk Management in Budgeting
    • Scenario Planning and Sensitivity Analysis
    • Managing Financial Risks
  • Session 3: Long-Term Financial Planning
    • Linking Budgets to Strategic Plans
    • Forecasting Long-Term Revenues and Costs
    • Budgeting for Growth and Expansion
  • Workshop: Developing a Rolling Budget

 

Day 5: Strategic Budgeting and Decision Making

  • Session 1: Strategic Budgeting
    • Aligning Budgets with Corporate Strategy
    • Using Budgets for Competitive Advantage
  • Session 2: Budgeting and Decision-Making
    • Using Financial Data for Strategic Decisions
    • Case Studies in Financial Decision-Making
  • Session 3: Budget Reporting and Communication
    • Creating Effective Budget Reports
    • Presenting Budget Data to Stakeholders
    • Communicating Financial Performance

Finance and Accounting

Training Course: The Complete Course on Budgeting


Register Now
Quick Inquiry
Discount Group Download Brochure (39)

FI235535

27 Apr - 1 May 2025

Dubai (UAE) -

Cost: 4150 € Euro


  About Dubai

Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.


  Things to do and places to visit in Dubai

Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.

When visiting Dubai, be sure to:

  • Go to the observation deck of the Burj Khalifa, the tallest building in the world.
  • Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
  • Understand the local history and culture with a visit to the Dubai Museum.
  • Discover objects from the 6th century at Jumeirah Archaeological Site.
  • Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
  • Go shopping at the Mall of the Emirates or the Dubai Mall.
  • Explore the desert surrounding the city – either by 4x4 or atop a camel.
  • Eat fantastic seafood at Dubai Marina.
  • Cool off at the Wild Wadi Waterpark.
  • Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
  • Take a yacht tour around the artificial islands of Palm Jumeirah.
  • Haggle for souvenirs in one of the city's souks.
  • Wander around the traditional building in Bastakiya District.
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