Fundamentals of a Budget ManagerFinance and Accounting

In any city around the world 00447455203759 Course Code: AC/2021/030

Course Description

Course Duration: Five Training Days

Course Language : Arabic or English

Include:

Scientific material with TAB

Workshops

Reception and farewell at the airport

Daily lunch

Coffee Break

To register, please contact us by email.

info@caclo.co.uk

Target groups :

• budget managers (analysts).

• Financial managers and candidates for the position of financial manager

• Account Heads.

• candidates for any of the previous positions.

• company managers and businessmen.

• Those interested in international certificates in the field of accounting and financial management (CMA, CPA, and IFRS)

Course Themes:

Part One: Cost Management Concepts:

• Basic concepts of cost management

• Total and variable cost theory

• indirect manufacturing cost distribution systems.

• Production Order Cost System

• cost system of production stages

• activity-based cost system.

• Product Lifecycle Cost System

• Common Costs System

Part Two: Comprehensive Budget and Estimated Financial Statements:

• forecasting and balancing sales (revenues).

• Production Balancing

• Procurement Budget

• balancing the use of materials.

• Balancing industrial wages

• balancing sales and marketing expenses.

• balance between general and administrative expenses

• Operating budget (estimated income statement)

• Cash Budget

• Statement of estimated cash flows

• estimated statement of financial position.

Part Three: Performance Management and Liability Accounting System:

• Concept of a liability accounting system

• components of the liability accounting system

• Decentralization and centres of responsibility

• Planning budgets

• standard cost system.

• Performance evaluation criteria

• analysis of static and flexible budget deviations

• Evaluation of branch and department managers

• rate of return on investment

• Excess profit rate

Part Four: Capital Budgets:

• The concept of capital budgeting

• concept of cash flows

• Preparation of the capital budget

• Methods of evaluating investments

• Net present value method.

• Internal rate of return method

• Payback period method

• Discounted payback period method

• Accounting rate of return (rate of return on investment)

• Profitability indicator method

• break-even analysis