Planning, Budgeting and Forecasting
2 Days Training Workshop
Oct. 25, 26
Workshop Overview & Objectives:
This workshop focuses on the budgeting process in a business and its relation with the planning process. Participants will benefit with practice and real examples to gain the following:
- Understand the goals and benefits of planning.
- Be familiar with the different types of planning that a business do.
- Understand the budget process and the order in which the different budgets are prepared.
- Be able to make different budgeting calculations.
- Be familiar with forecasting techniques
- Do top-level planning and analysis, deals with pro forma financial statements and their use in strategic planning.
Workshop Outlines:
- Planning process
- Budgeting concepts
- Effects of External Factors on the Budgeting
- Characteristics of a Successful Budgeting Process
- The Use of Cost Standards
- Forecasting Techniques
- Time series analysis
- Regression Analysis
- Learning curve analysis
- Expected Value and Sensitivity Analysis
- Budgeting Methodologies
- Annual Profit Plan
- Master Budgeting
- Operational and Financial Budgeting
- Comprehensive Budget exercise
- Supporting Schedules
- Types of budgets
- Top-level planning and analysis
- Percentage of Sales Method
- Important Ratios
Date: 25, 26 Oct., 2020
Time: 9:00 AM – 5:00 PM
Location : Holiday inn, Maadi