• Day 1

    THE BUDGETING PROCESS

    • How does the budgeting process work?
    • ​Identify the major components of budgets & their relationships.
    • Other types of budgets: Zero-based, flexible, static and rolling
    • The Role of the Budget in the Organization.
    • Advantages and disadvantages of budgets
    • Establishing the general guidelines
    • Establishing the budget calendar

    PREPARING THE BUDGET

    The Operating Budget
    The Sales Budget

    • Overview of the Sales Budget
    • Responsibility for Sales Information
    • Sources of Sales Information
    • Factors Affecting Sales
    The Cost of Goods Sold Budget
    • Ending Inventory Assumptions
    • Impact of Changes in Ending Inventory
    • The Ending Finished Goods Inventory Budget
    The Sales and Marketing Budget
    • Types and Timing of Sales and Marketing Expenses
    • Structure of the Sales and Marketing Budget
    • Sources of Sales and Marketing Expense Information
    • Analysis of the Sales and Marketing Budget
    • Factors affecting the Sales and Marketing Budget
    • Sales and Marketing Metrics
    The General and Administrative Budget
    • The G & A Budget
    • Cost Variability in the G&A Budget
    • Allocation of Administrative Expenses
    • Departmental Budget
    • The Employees/Compensation Budget
    • The Benefits Budget
    • The Headcount Budget
    • Link between Budgets and Bonus Compensation

    THE FINANCIAL BUDGET

    The Capital Budget

    • Overview of Capital Budgeting
    • Net Present Value Analysis
    • The Payback Method
    • Capital Budget Proposal Analysis
    The Cash Budget
    The Budgeted Balance Sheet


    BUDGETING REPORTING AND MONITORING

    • Formulation of the Budget
    • General Reporting Format
    • Variance analysis reports
    • The Rolling Forecast Process
    • Budgeting Controls

    MANUFACTURING RELATED

    • The Production Budget
    • The Direct Materials Budget
    • The Direct Labor Budget
    • The Manufacturing Overhead Budget

    CASE STUDY

This workshop aims to introduce the budgeting process across an organization. It will cover the budgeting process across all levels of the organization.

In Summary, the budgeting workshop will cover the following points:
 
  • Understanding the overall budgeting process, its role, its advantages and disadvantages.
  • Developing the guidelines and linking them to the strategy and key performance indicators (KPIs) in the budget.
  • Developing a master budget and integrate all its components.
  • Understanding revenue budgeting and the variance analysis.
  • Understanding capital budgeting and the techniques associated with it.
  • Explaining the cash budget development and factors affecting it.
  • Covering other budgeting procedures and controls as it relates to the finance department


Registration

In addition to the valuable knowledge and the skills participant will get:

  • Certificate of course completion
Target Audience:
 
  • Chief Executive Officers /GMs
  • Chief Financial Officers
  • Managers with Budget responsibilities
  • Department Heads
  • Finance Managers and Controllers
  • Sales Managers
To Be Announced
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Location

Yields LLC 5th Flr - Berytech Bldg

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