Budgeting , planning & financial Reporting


OBJECTIVES

At the end of this Budgeting, Planning & Financial Reporting , you will have learned to:

  • Use budgets to manage strategic execution
  • Employ up-to-date techniques in cost analysis and control
  • Prepare and present effective financial reports
  • Combine non-financial KPIs in management dashboards
  • Apply planning and reporting to improve decision-making

Outline
Budgeting, Planning & Management Reporting

Planning Strategy and Corporate Governance 

  • What are planning strategies?
  • Strategy analysis, choice & implementation
  • The role of strategy maps in defining the business
  • Effective and less effective management reporting practice
  • The agency problem and corporate governance
  • Planning requirements and the importance of working capital

 

Forecasting Techniques for Budgeting 

  • Determine the purpose and objective of the forecast
  • Statistical analytical tools
  • Quantitative analysis and forecasting
  • Forecasting techniques
  • Agency problems in forecasting- solutions
  • Causal analysis models – regression analysis
  • Using Excel ® to analyse historical data

 

Budgets, Costs and Budgetary Control 

  • Why do we budget? – the purposes of budgeting
  • Planning and control
  • Putting the budget together
  • Cost behaviour and classification
  • Cost / volume /profit (CVP) and ‘what-if’ analysis
  • Standard costing
  • Flexed budgets
  • Variance analysis and the reasons for variances

 

Activity Based Costing & Activity Based Budgeting 

  • Activity based costing (ABC)
  • Refinement of the costing system
  • ABC and cost management
  • The cost hierarchy and cost drivers
  • Advantages and disadvantages of ABC systems
  • From traditional budgeting to activity based budgeting (ABB)
  • Time-based ABC for services organisations
  • Motivation and the behavioural aspect of budgeting

 

Performance Management and Beyond Budgeting  

  • Broadening performance measurement systems
  • The Drive toward Shareholder Value (EVA®)
  • Beyond budgeting: integrating financial and non-financial issues
  • Introducing the Balanced Scorecard and the key perspective
 Financial Accounting & Reporting

 

Financial Accounting and Reporting – Business Context and Key Principles

  • Purpose of financial accounting and reporting
  • Key principles in corporate governance
  • Building a winning business model
  • Key concepts in financial accounting
  • Structure of financial accounting systems
  • Fundamentals of financial reporting
  • Creative accounting, scandals, and fraud

 

The Statement of Financial Position and Income Statement

  • The IASB Conceptual Framework
  • Statement of Financial Position: purpose structure and presentation
  • Tangible and intangible assets
  • Financial assets and liabilities
  • Inventories
  • Statement of Changes in Equity: purpose structure and presentation
  • Income Statement: purpose structure and presentation
  • Revenue recognition principles

 

The Statement of Cash Flows and Group Reporting

  • Statement of Cash Flows: purpose structure and presentation
  • Understanding business cash flow drivers
  • Equity capital and debt capital
  • Leases
  • Optimising working capital
  • Cash flow forecasting techniques
  • Group Accounts: purpose structure and presentation

 

Analysis and Interpretation of Financial Reports

  • Fundamentals of analysing financial reports
  • The shareholder value concept
  • Measuring and managing profitability
  • Measuring and managing liquidity
  • The effect of gearing on risk and shareholder value
  • Predicting corporate distress and failure
  • Forecasting financial performance and financial position

 

Designing and Presenting Effective Financial Reports

  • The limitations of financial reports
  • Designing effective internal business reports
  • Incorporating Excel graphics in internal reports
  • Developing and using business dashboards
  • Making effective financial presentations
  • Developments in Integrated Reporting (IR)
  • Integrated Reports: purpose, structure, and presentation

المواعيد المتاحة

دبى
من 26-05-2025    الى 30-05-2025
لندن
من 30-06-2025    الى 04-07-2025
ابو ظبي
من 21-07-2025    الى 25-07-2025
لشبونة
من 11-08-2025    الى 15-08-2025
دبى
من 22-09-2025    الى 26-09-2025
دبى
من 20-10-2025    الى 24-10-2025
دبى
من 22-12-2025    الى 26-12-2025