ADVANCED BUDGETING & FORECASTING

After taking part in this training you will be able to make your budgeting process more efficient and effective, we refresh your information about essential techniques and skills to build world class standards into your planning, performance measurement & reporting system, you can take an advantage from learning best practices tools and introducing new concepts to increase shareholder wealth creation or provide money benefits for stakeholders.

 

Who Takes This Course

Directors and managers of HR departments, development departments and training departments, as well as managers from the area of strategic management, business owners, professionals and employees of the departments controlling financial divisions. Those who seek to improve their competence and improve the workshop making good management decisions and are responsible for constructing the budget (direct planning and budgeting responsibility), as well as budget holders, advisors, accountants and business consultants.

 

Course Structure

• Introduction to the course objective
• Shortly about budgetary problems
• Defining the strategic approach to business planning
• Constructing the budget
• Advanced forecasting techniques & processes
• Strategic & operational cost analysis methods
• Developing a financial optimization model
• Planning in a balanced scorecard
• Conclusions