2016 - 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
. 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-AT-ae.pwc.com