Course Overview
In the pursuit to achieve goals and objectives the management faces a lot of obstacles, good planning is one of the management pillars that help to avoid those obstacles, and budgeting is the financial tool that help the management in the planning process; and also the budget play an important role in the controlling , communicating, and motivating processes. The successful budgeting process will lead to better results and reasonable control over the organizational resources. There is a major factor will lead to successful budget is the buy in for all of the levels of the organization so they should be aware for a certain degree of how we do budget

Fundamentals

• Intro to Financial, Cost & Managerial Accounting
• Importance of Budget and its link to Strategic Management Process
• Effective Target Setting
• Budgeting: The Basis for Planning and Control
• Advantages & Disadvantages of Budgeting

Budgeting

• Budgeting Process
• Types of Budgeting
• The Master Budgeting (Operating & Financial)
• Budget Period
• Budget Implementation
• Activity-Based Budgeting (ABB)
• Standard Costing
• Zero-Base Budgeting

Budgetary Control

• Financial Control Techniques
• Budgetary Control Process
• Non financial Measures in Budgeting
• Static vs. Flexible Budgeting
• Variance Analysis
• Flexible Budgeting and Activity-Based Costing 

The Basics of Capital Budgeting

• What is Capital Budgeting?
• Classification of Investment Projects
• Steps in Capital Budgeting
• Methods (NPV, IRR, MIRR, Profitability Index, Payback, discounted payback)
• Types and Interaction with Risk
• Measuring Risk
• Sensitivity analysis
• Scenario Analysis
• Break-even analysis

Forecasting

• Elements of a Good Forecast
• Forecasting Process
• Time-Series Forecasting Techniques
• Linear and Seasonality
• Forecast Accuracy and Control
• Forecast Error Calculation

• Understand budgets and budgeting
• Develop techniques for effective budgeting
• Understand how to manage budgets
• Understand advanced forecasting techniques
• Use budgets to monitor and control the costs

• Finance specialists/ managers
• Accountants
• General Managers of SME (small to medium enterprises)
• Entrepreneurs

• Three days from 9:00AM to 3:00PM

• One week before the course date

• Top Business premises: 17, Abdel Wahab Selim Elbeshry St. Sheraton Heliopolis, Cairo, Egypt.