Practical Budgeting for Non-Finance Professionals training, Doha by PwC

The course will enable participants to learn how companies move from creating a strategic plan to translating this plan into budgets and thereafter implementing and monitoring the actual performance. It will help participants: . Understand the strategic planning process and how it translates into annual budgets . Learn principles, approaches and techniques of budgeting . Optimize planning of resources to achieve budgeted targets . Learn to communicate strategic plans and budgets across the organization . Evaluate actual performance vis-à-vis budgets . Gain insight into recent developments in the budgeting process Course outline Budgeting basics . Budgeting terminology . Why do organizations prepare budgets? . Relationship between strategy and budgeting . Budgeting process Principles and approaches to budgeting . Top-down and bottom-up approaches . Projecting current performance from historical data . Approaches to costing Budget drivers and forecasting . Anal... Read more

The course will enable participants to learn how companies move from creating a strategic plan to translating this plan into budgets and thereafter implementing and monitoring the actual performance. It will help participants: . Understand the strategic planning process and how it translates into annual budgets . Learn principles, approaches and techniques of budgeting . Optimize planning of resources to achieve budgeted targets . Learn to communicate strategic plans and budgets across the organization . Evaluate actual performance vis-à-vis budgets . Gain insight into recent developments in the budgeting process Course outline Budgeting basics . Budgeting terminology . Why do organizations prepare budgets? . Relationship between strategy and budgeting . Budgeting process Principles and approaches to budgeting . Top-down and bottom-up approaches . Projecting current performance from historical data . Approaches to costing Budget drivers and forecasting . Analyzing revenue drivers, cost drivers, cost allocation techniques . Forecasting techniques o Statistical techniques o Time series methods o Learning curve analysis . Use of contingency/sensitivity analysis Types of budgets . Master budgets . Operating/Financial/Cash/Capex budgets . Linkages between operating and financial budgets Analyzing and communicating the budgets . Reconciling the master budget to the long term strategic plans . Analysing against stakeholders’ objectives . Process of communicating and implementing budgets Comparing budgets to actual performance . Reacting to new information from the business environment since budget preparation . Revising assumptions, drivers and budgets . Flexible budgets and target adjustments . Variance analysis post completion Recent Innovations in budgeting process . Use of balanced scorecards . Value chain analysis . Capacity management . Strategic budgeting Contact us at +971 4 515 7495 or trainedbypwc@ae.pwc.com URLs: Booking: http://atnd.it/54436-0 Inquiries: http://atnd.it/54436-1 Venue: PwC, Doha, Qatar Price: Standard: USD 1400 Time: 8:30 am - 4:00 pm