Course Schedule

Date	Format	Fees
12 - 14 Dec 2022	Online	$1,750

Course Description

Introduction

Setting budgets is all about how to plan for the expected and for the unexpected. Successful budget setting is very much linked to the longer-term planning and strategic direction of the organisation. This GLOMACS online training course clarifies these links, and the jargon and methodology of planning, budgeting, costing and performance measurement and the role of management accounting, in plain language that is easy to understand. It covers in detail how the tools and techniques of successful budgeting is applied within the overall planning framework to ensure that organisational goals are met.

The Instructors own business career experiences and many other real-world business scenarios are shared throughout this stimulating online training course to illustrate and reinforce the practical application of the tools and techniques and best practice.

Objectives

By the end of this online training course you will be able to:

Appreciate the importance of financial planning and budgeting with regard to the primary business objective of shareholder wealth maximisation
Identify the links between strategic planning, budget setting, and performance measurement
Evaluate the differences between full costing, marginal costing, and activity based costing (ABC)
Use alternative approaches to costing for planning, budgeting and budgetary control
Consider the reasons and purposes of budgeting, and alternative approaches to budgeting for more effective control and improved financial performance

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Who Should Attend?

This GLOMACS online training course is suitable for a wide range of professionals but will greatly benefit:

Business professionals working in operations, manufacturing, R&D, engineering, quality management, procurement and logistics, human resources, and project management roles
Accountants, controllers, finance directors, and other finance professionals active in the planning process
Those working in general management, sales and marketing, estimating and costing, facilities management, and asset management

Course Outline

Linking strategic management and decision-making with financial planning and budgeting
The importance of vision and mission
Setting corporate objectives with accountability for creating value and maximisation of shareholder wealth, and maintaining good corporate governance
Financial modelling of long-term strategic plans to determine financing requirements, optimise capital structure and gearing and minimise WACC
Cost behavior and the impact of alternative costing systems on profitability, budgeting and financial reporting
Product cost cross-subsidisation
Activity based costing (ABC) and activity based management (ABM)
Refining the costing systems and measurement systems to support financial decision-making
Statisical methods of short- and long-term forecasting
Time series models of weighted average and exponential smoothing, and causal methods of regression analysis

Providers and Associations

Endorsed Education Provider

In Association With

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

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The Budgeting Framework

Planning, Costing and Forecasting

Upcoming Dates

Code

Date

Time

Fees

FI022V

12 - 14 Dec 2022

11:00 to 16:00 Dubai [GMT +4]

$1,750

Introduction

Objectives

By the end of this online training course you will be able to:

Appreciate the importance of financial planning and budgeting with regard to the primary business objective of shareholder wealth maximisation
Identify the links between strategic planning, budget setting, and performance measurement
Evaluate the differences between full costing, marginal costing, and activity based costing (ABC)
Use alternative approaches to costing for planning, budgeting and budgetary control
Consider the reasons and purposes of budgeting, and alternative approaches to budgeting for more effective control and improved financial performance

Training Methodology

Who Should Attend?

This GLOMACS online training course is suitable for a wide range of professionals but will greatly benefit:

Business professionals working in operations, manufacturing, R&D, engineering, quality management, procurement and logistics, human resources, and project management roles
Accountants, controllers, finance directors, and other finance professionals active in the planning process
Those working in general management, sales and marketing, estimating and costing, facilities management, and asset management

SEMINAR OUTLINE

Linking strategic management and decision-making with financial planning and budgeting
The importance of vision and mission
Setting corporate objectives with accountability for creating value and maximisation of shareholder wealth, and maintaining good corporate governance
Financial modelling of long-term strategic plans to determine financing requirements, optimise capital structure and gearing and minimise WACC
Cost behavior and the impact of alternative costing systems on profitability, budgeting and financial reporting
Product cost cross-subsidisation
Activity based costing (ABC) and activity based management (ABM)
Refining the costing systems and measurement systems to support financial decision-making
Statisical methods of short- and long-term forecasting
Time series models of weighted average and exponential smoothing, and causal methods of regression analysis

In Association With

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

© 2022. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com

An Interactive 3-Day Online Training Course

The Budgeting Framework

Planning, Costing and Forecasting

Introduction

Objectives

Training Methodology

Who Should Attend?

Endorsed Education Provider

In Association With

The Budgeting Framework

Planning, Costing and Forecasting

Upcoming Dates

Introduction

Objectives

Training Methodology

Who Should Attend?

SEMINAR OUTLINE

In Association With