CATEGORY TYPE: Finance & Accounting

COURSE NAME:Performance Indicators and budget Analysis


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
INTRODUCTION:


All business decision-making involves analyzing situations containing varying degrees of risk, and the available data may be erroneous containing ambiguities and errors. It is important to understand how costs behave so that realistic plans can be produced and appropriate financial resources made available. In this programme, you will learn how to: Identify the principal factors required to produce a successful business case

  •  Develop budgeting & financial skills required for better decision-making
  •  Identify sources of financial and business data to support the budgeting process
  •  Learn new techniques and methodologies to simulate typical business scenarios
OBJECTIVES:

 

  • Participants attending the programme will:
  • Understand the importance of a well-defined budget process
  • Learn costing and budgeting terminology used in business
  • Master techniques for cost-benefit analysis
  • Learn how to construct profit, cash and balance sheet plans and budgets
  • Learn how to evaluate variances from plan and identify corrective actions
  • Understand discounted cash flow (DCF) techniques and their application to financial decision making
  • Use and build EXCEL spreadsheets for financial analysis, from basic models through to Monte Carlo simulation
OUTLINE:

 

Day 1 :

      The need for Financial Control in Business

 

    •  Understanding accounting
    •  Management account versus financial accounting
    •  Cost behaviors in Cost-Volume-Profit scenarios
    •  Breakeven and targeted net income scenarios
    •  Business cases with master budgets
    •  Benefit-cost analysis

Day 2 :

      Capital Costs and Investment Appraisal

 

    •  Estimating cash flows within the business system
    •  Understanding Net Present Value (NPV) and Internal Rate of Return (IRR)
    •  Defining the approval criteria and review process
    •  Post-implementation audits of capital projects
    •  Sensitivity analysis and uncertainty
    •  Monte Carlo simulation techniques in budgeting

Day 3 :

Cost Volume Profit Analysis

    • Identifying relevant costs in complex decisions
    • Complex applications of C-V-P analysis
    • Multiple products and services C-V-P
    • Evaluating C-V-P before and after implementation
    • Special sales orders and/or segment analysis
    • Make or buy decisions

Day 4 :

Full Costing, Marginal Costing and Activity Based Costing

    • Comparing full and marginal costing
    • Direct and indirect costs in budgeting for decision making
    • Role of costs in pricing strategies
    • Overhead allocation methods and difficulties
    • Variance analysis of materials, labour, & overhead in manufacturing and services
    • Activity Based Costing (ABC) in manufacturing and services

Day 5 :

Budget Construction and Control

    • Budgeting as a communication process
    • Nature and purpose of budgets for planning and control
    • Budgetary control and variance analysis
    • Responsibility centers: cost, profit and investment
    • Segment reporting internally and externally
WHO SHOULD ATTEND:

 

  • Professionals who need to evaluate plans for approval and variance reports for corrective action and who need to improve their skills in constructing and controlling budgets
  • Employees from every discipline and department who have to manage departments and plan, cost, and budget during their business careers
  • Anyone from non-financial disciplines who needs to evaluate proposed business expenditure decisions and who need to know more about the budgeting process
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

    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
    Sabic

    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
    Sabic

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

    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
    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

    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