Course Objectives

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

• Identify and prepare the basic concepts, components, and assumptions for planning and budgeting.
• Identify and apply the components of the budget of institutions.
• Identify and analyse the requirements for the application and use of budgets.
• Identify and acquire skills and methods associated with the preparation of budgets on the basis of programmes and the performance of administrative units.
• Enable participants to learn about the concept, nature, importance, and functions of planning budgets in their planning and control form.
• Provide participants with modern financial, accounting and administrative tools in the preparation of ongoing and capital planning budgets.
• Develop the skills of participants in the use of computers in the preparation of planning budgets and using advanced statistical methods and reflect on the accuracy of estimates.
• Activate the participation of participants in follow-up and control through budgets and using follow-up reports Follow-Up Reports for the purposes of evaluating and improving performance

Target Audience

This course is designed for:

• Financial managers of institutions
• Account managers and accountants involved in the preparation of budgets
• Managers and members of the budget preparation and planning team
• Heads of departments in the institutions concerned with the planning, preparation, and use of the budget for their institutions
• Each of the nature of his work is directly or indirectly related to the preparation and planning of budgets and their use

Course Outline

Day 1 : Budget concept

• Types of planning budgets
• Functions of planning budgets
• Budgeting Planning’s Benefits and Drawbacks
• Stages of budget preparation (budget counter):
• How to prepare and use mozazans
• responsibility for the preparation and implementation of budgets and the timing of their preparation.
• What to expect at budgetary time.

Day 2: Components of the planning budget

• Sales budget (revenue)
• Balancing operational expenses
• Balance the income statement.
• Balance sheet of financial position (estimated balance sheet)
• budget for capital investment
• Cash Budget

Day 3: Concept of planning budgets and their types

• Budget concepts and functions
• The budget cycle (stages)
• Entries to prepare budgets
• Entrance to profitability
• power input
• Sales Entrance … Other
• The Budget Committee (its members, functions, …)
• The importance of distinguishing between goals, objectives and aims.
• View practical examples of the starting point of budgeting
• Operational Budget
• Financial Budget
• current budget
• investment budget
• Balance models in the state of sleep
• The relationship between budgets

Day 3: Stages of preparation of planning budgets and preparation of the budget of revenues and activity

• Stages of data processing for the purposes of preparing budget estimates
• Identify the main governing factors in the preparation of the budget.
• Identify data sources (internal, external, etc.)
• characteristics of aggregated data.
• The nature of the relationship between the data
• Important tips when preparing budget estimates
• Methods for forecasting revenue
• Use computers in the preparation of revenue budgets based on the simple regression method.
• status of an integrated process for the preparation of the revenue budget
• Integrated process status for the preparation of activity budgeting
• Expense forecasting methods
• Use the method of analysing the relationship between cost, volume, and profitability (CVP) in determining the optimal volume of activity.
• Use the sensitivity analysis method when restructuring activity costs.
• Various practical cases
• Using the computer in the preparation of the activity balancing using the Multi-Regression method

Day 4: Applied aspects in the preparation of planning budgets under way in different sectors

• sales budget
• Production Balancing
• Wage balance
• Balancing commodity supplies
• Balancing activity
• Balancing salaries and Mahaya
• Balancing tools and equipment
• Balancing commodity supplies

Day 5: Preparation of the cash budget and the investment budget

• The importance of their preparation and their relationship with other budgets
• Methods of budget preparation and its components
• Management of liquidity in light of cash balances and cases of technical and real financial hardship
• Monetary indicators associated with the monetary budget (defensive period…)
• Various practical cases
• Importance – and how it relates to other budgets
• Entrances to financing the investment budget
• Components of the investment budget
• New Projects
• Expansion and completion projects
• Replacement and renovation projects
• Evaluation forms for budgeted investment projects
• Practical cases Supervision of planning budgets and deviation analysis:
• An integrated process case on the preparation of flexible budgets for the non-profit sector
• Liability accounting
• Analysis of deviations
• Performance reports
• Various practical cases