Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
This leading-edge Banking, Budgeting, Forecasting, and the Planning Process training course provides the theoretical basis and necessary skills to develop world-class strategic planning, forecasting, and budgeting processes. A strategy is a long-term plan of what an organization is going to do to achieve its overall policy.
Learning Objectives
Improve their ability to think strategically and participate in the integration of the organization’s strategic management and budgeting processes
Use forecasting techniques most appropriate to their organization’s strategic planning and budgeting
Apply the techniques that relate to the key principles of financial management: shareholder wealth maximization; cash flow; time value of money; risk
Appreciate the behavior of costs and identify the costing methods that may best be used in financial planning, budgeting, and budgetary control
Use best practice to develop operating budgets, capital expenditure budgets, and cash flow budgets and forecasts in line with organizational strategic objectives
Who Should Attend
This course is designed for line managers, project managers, professional advisers and consultants, and other professionals seeking to strengthen their capability in this area.
Line Managers
Project Managers
Professional Advisers and consultants
Course Outline
Day 1 — Strategic Management and Financing
Strategic Analysis, Strategic choices and evaluation, and Strategic implementation
The Links between Strategy, Forecasting, Planning, Budgeting, Performance Measurement
Strategic capability and avoiding the Spiral of Death
Shareholder Wealth maximisation, Corporate and Shareholder value creation
Day 2 — Financial Planning, Forecasting, and Risk Analysis
The Financial Planning Process and Modelling using Excel
Statistical Forecasting Tools and Techniques Time series; moving averages; exponential smoothing; Pareto Analysis; trend progression; linear regression; correlation
Forecasting long- and short-term sales revenues, and sales pricing
Porter’s generic strategy of cost leadership and differentiation; Bowman’s strategy clock; full cost pricing; marginal cost pricing; target cost pricing; life-cycle costing; kaizen costing; value-based pricing
Day 3 — Cost Analysis Techniques
Cost Behaviour and Activities
Fixed and Variable Costs, Direct and Indirect Costs
Product Costs and Period Costs
Cost Allocation and Absorption of Overheads
Day 4 — Budgeting, Budgetary Control and Performance Improvement
To Budget or Not – Purposes and Reasons for Budgets
Stages in the Budget Preparation Process
Preparation of the Master Budget
Activity Based Budgeting (ABB)
Day 5 — Project Appraisal and Capital Budgeting
The Time Value of Money
Future Values
Present Values
Discounted Cash Flow (DCF)
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.