CATEGORY TYPE: Finance & Accounting

COURSE NAME:Advanced Management Accounting and Budgeting


UPCOMING EVENTS


START DATE END DATE CITY/COUNTRY PRICE Request
This course can be scheduled at your convenience, to request this course please click here
OBJECTIVES:

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.

OUTLINE:

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.

 

Budgeting

 

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
WHO SHOULD ATTEND:
  • 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.
DURATION:
    • 5 Day(s)
  •  


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

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

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    Ahmed Afifi
    Al-Zamil CoolCare

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    Sabic

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    Sabic

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    Wael M. Morsy
    Mobily

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    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
    Sabic

    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
    Sabic

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    Mohammed Amjad
    Al-Suwadi Services

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    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

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    Gulam Khan
    Saudi Aramco

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    Muthuraman Nachiappan
    Al-Suwadi Services

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    Salam Fakhoury
    Al Khodari Company

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    Mohammed Rashed Afifi
    Al Khodari Company

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    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