Course: Integrating Budgeting, Forecasting and Business Planning - dubai - Europeanqualitytc

Description

Course Overview

Course:
Integrating Budgeting, Forecasting and Business Planning

This course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system.

The course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning in order to be better able to carry out their budgeting and business planning tasks and responsibilities.

By combining techniques analysis, problems and examples with real case studies the course provides delegates with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

What are the goals?
Build an integrated planning, budgeting and reporting process
Understand costs behaviour more accurately
Deliver more timely and useful information to decision makers
Improve you the budgeting/financial skills required for better decision-making
Appreciate the need to link projects within budgets
Who is this course for?
The course is designed for anyone involved in the budget and business planning process within their organisation.

It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.

This course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:
Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
Accountants responsible for budget preparation & management reporting
Financial Planners and Cost Analysts
Line heads with direct planning and budgeting responsibility
Professional advisers, Account Personnel and Business Consultants
How will this be presented?

This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

This will include presentations delivered in a highly participative style with discussion, practical exercises and team-based case studies.

Day One:
Budgets and Strategy in Today's International Environment
Organizational planning framework
The product / information / decision support cycle
Strategic, tactical, and operational forecasts
The strategic approach to business planning
Various strategic and tactical approaches to business planning
The international business environment

Day Two:
The Business Plan and Budget Development
Developing the business plan
Identification of key value drivers
Achieving objectives
Zero base budgeting
Activity based budgeting
Developing the Cash Budget

Day Three:
Analysing the Applicability of Historical Data Using Excel
Problems of forecasting
Using historical data to help predict the future
Forecasting
Development of Time Series Models
Using Regression Analysis as a predictor and estimator
Mastering the use of Exponential Smoothing as a Data Analysis tool

Day Four:
Using Activity-Based Budgeting and Cost Analysis Techniques
Cost behaviour and breakeven analysis
Activity based costing
Budgeting for Processes rather than Departments
Defining Key Cost Drivers
Defining Key Activities
Developing the Activity-Based Budget

Day Five:
Capital Budgeting and Project Appraisal
Identify the various types of capital projects
Discuss the capital project evaluation process
The impact time has on the value of money
Using WACC and ROIC as benchmarks
Development of the Hurdle Rate for capital projects
Evaluate capital projects by applying NPV, IRR, ARR Payback model
Asset Cost Management
Day - Asset Cost Management Introduction
Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions.

Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies.

You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day Two:
Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions.

Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies.

You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day Three:
Applying the Value based Process
Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions.

Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies.

You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day Four:
Ensuring the Continuity of the Value-based Process
Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions.

Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies.

You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

European Quality Training and Management Consultancy – Methodology

Lectures and Visual Presentations:
Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

Scientific Assessment:

Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

Brainstorming and Role-playing:
Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

Practical Cases:

Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

Final Evaluation and Certificates:
A comprehensive assessment is conducted at the end of the program.

Trainees are awarded attendance and participation certificates recognized by the European Quality Training and Management Consultancy, provided they have completed at least 80% of the program days.

Training Materials:

Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

Post-Training Follow-up:
European Quality Training and Management Consultancy provides continuous support after the training program.

This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

Customized Training Programs:
Training programs are designed to meet the needs of individual companies and institutions.

Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

Specialized Trainers:
Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.
European Quality Training and Management Consultancy encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

Focus on Personal Transformation:
Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.
Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

Terms and Conditions:
Terms and conditions apply to all training programs.

It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

Prices and Discounts:
It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality Training and Management Consultancy reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality Training and Management Consultancy is certified
Accounts Payable From Accounting to Management (Planning, Organizing and Achieving Best Practices)

Accounts Payable:
Accounting and Management Best Practices
Budgeting, Forecasting and the Planning Process
Oil & Gas Accounting & Performance Measurement
At European Quality Training and Management Consultancy, we provide high-quality training and consultancy services to develop future leaders.

With a team of skilled experts, we tailor programs to meet the needs of public and private sectors, grounded in quality, ethics, and social responsibility.

Our client-focused approach ensures professionalism and sustainable outcomes.
European Quality Training and Management Consultancy FZE
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