CATEGORY TYPE: Finance & Accounting

COURSE NAME:Advanced Management Accounting and Budgeting


 14-04-2019  18-04-2019  Dammam/Saudi Arabia Register
 29-09-2019  03-10-2019  Riyadh/Saudi Arabia Register

By the end of this course you will be able to take an informative financial decision and be able to understand the budget definition, benefits and preparing. This workshop will include many developed spreadsheets to implement the concepts that will be discussed in it.


Decision Making & Marginal Analysis


Day 1


Cost-Volume-Profit analysis CVP “Breakeven analysis”

This session will include all practical cases that can be answered using that module. An excel sheet that developed for this module will be provided and discussed.


Day 2

Decision Making and relevant information

1        Make or Buy

2        Special Order

3        Disinvestment

4        Obsolete inventory

5        Working under constrains

6        Joint costs and sell or process further.




Day 3


Budget Definition and benefits


  1. Define budgets and their advantages and roles.
  2. Prepare budgets in a business
  3. Use budgets to manage and control the company
  4. Budget Types



Day 4


Budget preparation process


  1. Budgets Components:
    1. Strategic Budget.
    2. Sales Budget.
    3. Production Budget.
    4. Direct Material Budget.
    5. Direct Labor Budget.
    6. Manufacturing Overhead Budget.
    7. Cost of Goods Sold Budget.
    8. Operating Income Budget.
    9. Non-manufacturing Cost Budget.
    10. Cash Budget.
    11. Proforma Balance Sheet.
    12. Proforma Statement of Cash Flows



Day 5


Automated spreadsheets and practical cases


  1. Automated Spreadsheets:
    1. Annual Expense Budget Forecast for 5 profit centers
    2. Preparing Business Budget (Actual Vs. Budget)
    3. Cash Budget
    4. Cost Analysis with Pareto Chart
    5. Quarterly cash flow projections
    6. Quarterly Marketing Budget
    7. Sales Trend Analysis
    8.  Budget Summary Report: (Actual Vs. Budget)
    9. Profit & Loss Summary
    10. Regional Sales Breakdown
    11. Expenses & Margin
    12. Balance Sheet Summary
    13. Operating Metrics Summary
    14. Competitive Summary
  • Managers, Members of Board Directors, High Administration and All Levels of Responsibility in accounting and finance.
  • All Administrative Staff who are Responsible of Taking Financial Decisions.
    • 5 Day(s)

    The presentation is generally appealing to me. The dedication & devotion of the instructor are both laudable & admirable.
    Mohammed F. Alotaibi

    Really this course is important for any inspector, so I will recommended it for our employees. And thanks a lot!
    Ahmed Al-Yami

    You are doing excellent bringing such very talented instructor. Please keep it up.
    Ahmed Afifi
    Al-Zamil CoolCare

    I would like to appreciate you as well as the instructor for a good training due to the fact that the helping to gain new information about the types of valve with advantages and disadvantage as well. Many thinking.
    Zaki Ali Aldawood

    This course was very beneficial and helpful to understand one of the Major NDT method. I encourage ITC to continue with this performance.
    Talal Saad AlHasawi

    ITC service was in overall excellent. Thanks.
    Wael M. Morsy

    This course was good and a nice guide to the PMP exam. Thanks.
    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

    It was good course & good preparation with excellent instructor. Thanks a lot.
    Faisal Mahdi Al-Qahtani

    It was a nice course to have. I suggest taking this course with the same instructor to other people. Thanks for the instructor for his kindness & helfull during the course.
    Abdul-Moniem Al-Humoud

    It is very important course, which enable us to improve our knowledge to work approaching our big account and can be recall us the key account. This is will support us to active result for the best of the Co.
    Mohammed Amjad
    Al-Suwadi Services

    The instructor is highly and technical knowledgeable in explaining all the subject in the course taken.
    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

    Instructor was well prepared and knowledgeable I gain lot of useful information.
    Gulam Khan
    Saudi Aramco

    It was a good learning experience. Got to know the concept involved in key account.
    Muthuraman Nachiappan
    Al-Suwadi Services

    The instructor Mr. Ahmed Sabry has a very nice spirit.
    Salam Fakhoury
    Al Khodari Company

    It is very useful to us and increase our knowledge.
    Mohammed Rashed Afifi
    Al Khodari Company

    The course is excellent and helpful. It help me in organizing the work in more safe manner.
    Muzammil Hayat
    Al Khodari Company

    The instructor is very knowledge and hard working, his way of teaching is very good.
    Ibrahim Darwish
    Al Khodari Company