Course Objective :-
- Determine the importance of linking budgets to the institution’s strategic plan
- Clarify the relationship of the budget to the main financial statements: the balance sheet, the income statement, and the cash flow statement
- Preparing the main components of operational and capital budgets and evaluating the various approaches to budget preparation
- Apply cost control tools, analyze various management reports, and take appropriate corrective actions
- Analyzing financial data
- Planning and budgeting
- Cost control
Course Thread :-
- Planning and management functions
- Important management functions
- Aligning the budget with the institution’s strategy
- A strategy road map
- The budget as a planning tool
- Censorship: the missing link
- Planning constraints
- Key financial data
- the accounting system
- Income statement
- the balance sheet
- Statement of cash flows
- Budget: the methods and process of developing a budget
- Advantages of creating a budget
- The budgeting process
- Ongoing budgets
- The comprehensive budget
- Capital and operating budgets
- Estimated financial statements Methods of budgeting
- The additional budget
- Zero budget
- Flexible budget
- Kaizen Continuous Improvement Budget
- Activity based budgeting
- Characteristics of an effective budget
- Budgeting problems
- Cost control
- Budget as a control tool
- process control
- Characteristics of an effective control system
- Responsibility centers
- Deviation analysis: identifying the components of deviation
- Deviation analysis: take corrective action
Target group :-
- Members of audit, credit, investment, risk and asset management committees
- Managers and employees of internal audit in banks and financial institutions
- Managers and employees of accounts and the financial department in banks and financial institutions
- Directors and investment personnel in banks and financial institutions
- Managers and employees of risk in banks and financial institutions
- Directors and compliance officers in banks and financial institutions
- Contributors to budgeting
- Financial advisors
- Financial analysts