Budgeting for Non-Finance Managers
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1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Budgeting for Non-Finance Managers
Introduction :
This course is designed to help ‘demystify’ the world of financial budgeting, accounting and provide delegates with skills and knowledge to understand the impact of a departmental budget.Understand finance terminology, underlying principles and the basic principles of successful budgeting. Be better equipped to make informed decisions and understand how to analyse budgets and suggest potential corrective action required. Participants experience how their own actions contribute to the organisation’s top and bottom lines.Open to all employees who could benefit from developing their understanding of how finance impacts their role and their business area.
Course Objectives :
At the end of this course, the participants will be able to :
- Explain basic principles and terminology of finance.
- Be able to ask appropriate questions and understand the answers.
- Achieve better communication and working relationship between Finance and Line Managers.
- Budgeting for income/expenditure and cashflow.
- Effectively monitor and control a budget.
- Explain the differences between income/expenditure, cash and capital budgets
- Exploring the different types of costs
- Differences between capital expenditure and operational expenditure budgets
- What finance do and what budget managers do
Targeted Audience :
Course Outlines :
Basic Principles of Finance
- Go over the four main principles of finance
- The behavioural elements of finance
- Interactive exercise (all together)
The Financial Statements
- Brief description of the three main statements
- Go through the details of one of the financial statements
- Exploring what the various terms mean
- Going through how accruals work
- The finance hack to understanding the language that is used
- Interactive exercise (all together)
The Financial Statements Continued
- Explore the two main costs
- Look at cost v benefit
- How the principles play their part in putting the numbers together
- Finance for profit-making and not-for-profit organisations
- Interactive exercise (all together)
Budgeting
- What is a budget
- Building the budget
- Exploring the three other types of costs
- Financial coding
- The budget template
- Interactive exercise (all together)
Forecasting
- What is forecasting
- How forecasting differs from a budget
- When language gets confusing and how to avoid this
- The various ways of budgeting
- Interactive exercise (all together)
Managing Your Budget
- Best practice when it comes to budgeting
- What not to do
- Accounting for differences
- Interactive exercise (all together)
Capital and Operational Budgets
- The differences between the two
- Why there are separate budgets
- Knowing the difference between OpEx and CapEx
- Interactive exercise (all together)
- Accruals and how this really helps us to manage our budgets properly
- Recommended reading and further action
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
