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Organizational Integration Through Budgeting, Forecasting and Planning

Organizational Integration Through Budgeting, Forecasting and Planning

ACCOUNTING, FINANCE AND BANKING


Organizational Integration Through Budgeting, Forecasting and Planning\

Introduction :

This course is introduced to you by the International Academy of Human Resource Development (IAHRD). We are glad to tell you that our courses are especially designed for you by professionals and experts who have a long experience in the field.

Managers have financial responsibilities , budgets to write and control. Which will make them go through many challengesand quick decisions  that require good forecasting and planning skills. This course will give you practical examples to make you master these skills. Many topics are going to be discussed , the planning process , budgeting, the relationship between budgeting and planning, capital budgeting and budgeting and control.As usual , we got your back till proficiency !

 

Objectives: 

This course will make you able to:

  1. Fully understand the essential need and purpose of planning for the organisation.
  2. Describe the planning and budgeting cycle.
  3. Explain the strategic planning process
  4. Recognize  the major elements of the annual business plan.
  5. Know the reason behind linking budgeting and forecasting to planning and performance.
  6. Grasp and perform the basic steps in preparing a Comprehensive (Master) Budget.
  7. Prepare a Capital Budget.
  8. Investigate budget variances.
  9.  

Contents: 

Module 1: 

  1. The planning process.
  2. The need and the system of plans.
  3. Steps in developing the near-term sales plan.
  4. Sales forecasting.
  5. Measuring cost behavior using the Account Analysis, High-Low, Visual-Fit, And Least-Squares regression methods.

Module 2:

  1. Definition of a budget.
  2. Long –term impact of budgeting.
  3. Advantages of budgets.
  4. Management support.
  5. Time coverage of budgets.
  6. Types of budgets.

Module 3: 

  1. The strategic planning and budgeting process.
  2. Why to link budgeting and forecasting to planning and performance?
  3. Budget participants and budget preparation procedure.
  4. Participative budgeting and importance of communication to achieve  an effective planning process.
  5. Building the budgeting model.
  6. The budget Structure preparation.
  7. Budgets writing step by step.

 

  1. Comprehensive (Master) Budgeting
  2. Cash resource management.
  3. Objectives of cash flow and working capital management.
  4. Cash-Flow reporting.

Module 4: 

  1. Capital Expenditure term.
  2. Nature of capital investment decisions.
  3. What is Capital Budget?
  4. Stages of Capital Budgeting Process.
  5. Relevant Cash-Flows.
  6. Methods to evaluate capital investments.

Module 5:

  1. Flexible budget and overhead analysis.
  2. The advantages of the Flexible Budget Approach over the Static Budget Approach.
  3. Prepare a performance report for both variable and fixed overhead costs using The Flexible Budget Approach.
  4. Use The Flexible Budget to prepare a Variable Overhead performance report containing only a Spending Variance.
  5. Use The Flexible Budget to prepare a Variable Overhead performance report containing both A Spending and an Efficiency Variance.
  6. Explain the significance of the Denominator Activity Figure in determining the standard cost of  unity of product.
  7. Apply overhead cost to units of product in a Standard Cost System.
  8. Compute and interpret The Fixed Overhead Budget and Volume Variances.
  9. Variances Investigation.

Who should attend? 

  1. Those who are or will be financial decision makers.
  2. Accountants and experts who work with accountants.
  3. Employees  involved in formulating, planning and implementing business strategies.
  4. Those with budgetingresponsibilities.
  1. Those with expertise in their own fields who need to acquire expertise in budgeting.
  2. Interested candidates from graduates and undergraduates of business students.

Istanbul

# Price ($) From
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1 3,250 06-01-2019 10-01-2019 Enquire
Course Code:109
2 3,250 03-03-2019 07-03-2019 Enquire
Course Code:110
3 3,250 05-05-2019 09-05-2019 Enquire
Course Code:111
4 3,250 07-07-2019 11-07-2019 Enquire
Course Code:112
5 3,250 01-09-2019 05-09-2019 Enquire
Course Code:113
6 3,250 03-11-2019 07-11-2019 Enquire
Course Code:114

Kuala Lumpur

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1 2,950 25-02-2019 01-03-2019 Enquire
Course Code:373
2 2,950 29-04-2019 03-05-2019 Enquire
Course Code:374
3 2,950 24-06-2019 28-06-2019 Enquire
Course Code:375
4 2,950 26-08-2019 30-08-2019 Enquire
Course Code:376
5 2,950 28-10-2019 01-11-2019 Enquire
Course Code:377
6 2,950 30-12-2019 03-01-2020 Enquire
Course Code:378

London

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:637
2 4,500 22-04-2019 26-04-2019 Enquire
Course Code:638
3 4,500 24-06-2019 28-06-2019 Enquire
Course Code:639
4 4,500 19-08-2019 23-08-2019 Enquire
Course Code:640
5 4,500 21-10-2019 25-10-2019 Enquire
Course Code:641
6 4,500 23-12-2019 27-12-2019 Enquire
Course Code:642

Amsterdam

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1 4,500 07-01-2019 11-01-2019 Enquire
Course Code:847
2 4,500 06-05-2019 10-05-2019 Enquire
Course Code:848
3 4,500 02-09-2019 06-09-2019 Enquire
Course Code:849

Athens

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1 4,500 29-04-2019 03-05-2019 Enquire
Course Code:979
2 4,500 26-08-2019 30-08-2019 Enquire
Course Code:980
3 4,500 30-12-2019 03-01-2020 Enquire
Course Code:981

Barcelona

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1 4,500 29-04-2019 03-05-2019 Enquire
Course Code:1111
2 4,500 26-08-2019 30-08-2019 Enquire
Course Code:1112
3 4,500 23-12-2019 27-12-2019 Enquire
Course Code:1113

Copenhagen

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1 4,500 22-04-2019 26-04-2019 Enquire
Course Code:1243
2 4,500 19-08-2019 23-08-2019 Enquire
Course Code:1244
3 4,500 16-12-2019 20-12-2019 Enquire
Course Code:1245

Frankfurt

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1 4,500 15-04-2019 19-04-2019 Enquire
Course Code:1375
2 4,500 12-08-2019 16-08-2019 Enquire
Course Code:1376
3 4,500 09-12-2019 13-12-2019 Enquire
Course Code:1377

Madrid

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1 4,500 08-04-2019 12-04-2019 Enquire
Course Code:1507
2 4,500 05-08-2019 09-08-2019 Enquire
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3 4,500 02-12-2019 06-12-2019 Enquire
Course Code:1509

Milan

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1 4,500 01-04-2019 05-04-2019 Enquire
Course Code:1639
2 4,500 29-07-2019 02-08-2019 Enquire
Course Code:1640
3 4,500 25-11-2019 29-11-2019 Enquire
Course Code:1641

Munich

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1 4,500 25-03-2019 29-03-2019 Enquire
Course Code:1771
2 4,500 22-07-2019 26-07-2019 Enquire
Course Code:1772
3 4,500 18-11-2019 22-11-2019 Enquire
Course Code:1773

Paris

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1 4,500 18-03-2019 22-03-2019 Enquire
Course Code:1903
2 4,500 15-07-2019 19-07-2019 Enquire
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3 4,500 11-11-2019 15-11-2019 Enquire
Course Code:1905

Stockholm

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1 4,500 11-03-2019 15-03-2019 Enquire
Course Code:2035
2 4,500 08-07-2019 12-07-2019 Enquire
Course Code:2036
3 4,500 04-11-2019 08-11-2019 Enquire
Course Code:2037

Vienna

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1 4,500 04-03-2019 08-03-2019 Enquire
Course Code:2167
2 4,500 01-07-2019 05-07-2019 Enquire
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3 4,500 28-10-2019 01-11-2019 Enquire
Course Code:2169

Zurich

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1 4,500 25-02-2019 01-03-2019 Enquire
Course Code:2299
2 4,500 24-06-2019 28-06-2019 Enquire
Course Code:2300
3 4,500 21-10-2019 25-10-2019 Enquire
Course Code:2301