Course Description
Course Duration: Five Training Days
Course language: Arabic or English
Include:
Workshops
Reception and farewell at the airport
Daily lunch
Coffee Break
To register, please contact us by email.
info@caclo.co.uk
General Objective
The course aims to introduce participants to the basic skills necessary to understand financial planning and budgeting processes for decision-making and modern methods of forecasting and financial planning under
conditions of uncertainty and information ambiguity. The aspect of developing financial analysis skills to rationalise the process of planning, control, and financial decision-making will also be highlighted, as will the
skill of preparing planning budgets and how to achieve the desired objectives.
Detailed Program Objectives:
• Discuss modern methods of forecasting and financial planning under conditions of uncertainty and information ambiguity.
• Provide participants with the concept, tools, and methods of planning, steps of preparing plans, and modern quantitative methods used in financial forecasting.
• Introduce participants to the importance of budgets in planning and control, as well as how to use them, prepare them, and work the budget through its various elements of sub-budgets ,and The difference
between a fixed budget and a flexible budget
• Provide participants with the skills of practical application in the preparation of the operational and financial planning budget and how to prepare it for various economic and government activities.
• Provide participants with modern financial, accounting, and administrative tools in the preparation of current, monetary, and capital planning budgets. develop the skills of participants in the use of computers in
the preparation of planning budgets and by using advanced statistical methods to reflect on the accuracy of estimates.
• Provide participants with the skill of preparing plans and translating them electronically into budgets and how to achieve the desired objectives.
• Develop the skills of participants in the practical and actual electronic application of scientific principles in the control of the implementation of financial budgets.
• Develop skills in scientific methods for the preparation of planning budgets as a planning, follow-up and control tool.
Contents of the program:
Introducing the concept of budgets and their types:
• Budget concepts and functions
• Stages of budget (its cycle)
• Portals for budget preparation
• The importance of distinguishing between goals, objectives and aims
• View practical examples of the starting point of budgeting
• Types of budgets and the relationship between them
• Balance models in the state of sleep
• Relationship between budgets
• Budgets in the for-profit sector
• Budgets in the non-profit sector
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.
• Identification of data sources (internal and external)
• 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
general planning budget framework:
• Reasons for preparing the planning budget
• Objectives of the planning budget
• Principles of budgeting
• Stages of budget preparation
• Obstacles and difficulties in preparing budgets
• Entrances for budget preparation
• Various practical cases
• Factors controlling the preparation of budgets
• The role of forecasting in the preparation of planning budgets
Preparation of planning budgets:
• Preparation of planning budgets in industrial and commercial companies
• Practical cases for the preparation of budgets
Control of Costs:
• Dimensions of control over costs
• Modern methods of controlling costs
• Practical application of methods of control over costs
• The relationship of creative planning with the control of costs
government budgets and modern methods of preparation:
• The definition and principles of the general budget of the state
• Estimates of the general budget of the state
• A State Budget Cycle
• Modern methods of preparing the general budget of the state
• Preparing the budget of programmes and performance
• ""Zero budget preparation""
• Requirements for the application of modern methods for the preparation of the government budget
• Methods of rationalisation and control of government spending
• Practical training cases