Category Finance and Accounting
Title Modern Budget Preparation
Date May 6, 2018 to May 10, 2018
Venue Jeddah
Fee 6550.00 SAR

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Who should attend

  • Accountants
  • Engineers
  • Directors and Heads of Departments
  • Budgets departments staff in both the public and private sectors
  • Strategic Planning departments Staff

Program Objectives: 

  • Be familiar with the basic concepts of modern budgets.
  • Understand the practical steps for the preparation of budgets.
  • Explain detailed steps for the preparation of the cash estimated budget.
  • Show the role of budgets in the control and evaluation of performance through measuring and analyzing of deviation.
  • Know how to prepare the budget on the basis of activity.
  • How to link between long-term strategic planning by using the Balanced Scorecard, and short-term operational planning by using budgets.
  • How to.
  • Understand the capital budget through the evaluation of investment proposals.

Program Outlines: 

  • The fundamental principles of modern budgeting.
  • Modern budgets functions.
  • Types of modern budgets.
  • The concept of budgets relaxation.
  • Budgets entries (Sales predicting - Production capacity predicting - Profitability predicting).
  • Steps of preparing the comprehensive estimated budget.
  • Steps of preparing the cash estimated budget.
  • The regulatory dimension of budgets system
  • Link between budgeting system and performance evaluation system in the short-term principle.
  • The steps of preparing the budget on the basis of activity
  • The steps of preparing the cost-cutting budget by using the target cost method.
  • Link between budgets system and Balanced Scorecard in long-term basis.
  • The capital budget and ways to evaluate investment proposals.