Certificate in Finance and Accounting Courses


The Essentials of Budgeting & Business Finance Course

Introduction

This Essentials of Successful Budgeting and Business Finance course imparts the essentials of successful budgeting and business financial management.

Throughout the essentials of a successful budgeting and business finance course, participants will explore various facets of finance and budgeting within the business management landscape.

The essentials of a successful budgeting and business finance course focus on the internal view of an organization: strategic decision-making, budgeting, and cost control.

Participants in the essentials of a successful budgeting and business finance course will better understand the overall budgeting process and how it is integral to an organization's strategic objectives.

All professionals, spanning various departments, must grasp the essentials of a budget, its linkage to strategic objectives, and its critical role in managing organizations effectively.

The budgeting process fosters a culture of performance measurement that permeates the organization, thus aiding in achieving business objectives.

Targeted Groups

  • The staff persons who will be responsible for the budget system.
  • Those who aim to gain control of the firm's financial standing and understand the numbers aspect of their roles.
  • Individuals are eager to understand the basics of budgeting and business finance.
  • This essentials of a successful budgeting and business finance course is also well-suited for professionals across all departments and managerial levels.

Course Objectives

By the end of this budgeting course, participants will:

  • Comprehend the importance of linking finance with the business.
  • Grasp the purpose of budgets and their organizational impact.
  • Recognize the part that budgets play in strategic planning.
  • Understand the motivational effects of budgets.
  • How are budgets used both for planning and for control?
  • Learn about responsibility accounting within the budgeting context.
  • Acknowledge the control aspects of budgeting.
  • Be equipped to discuss and communicate using budgeting terms.
  • Link financial and non-financial measures effectively.

Targeted Competencies

By the end of this budgeting course, the target competencies will:

  • Making informed capital project decisions.
  • Analyzing financial statements competently.
  • Showcasing planning and budgeting expertise.
  • Implementing effective cost control.
  • Applying capital budgeting.
  • Utilizing and applying concepts like cost-volume-profit analysis.
  • Utilizing breakeven analysis.
  • Using a balanced scorecard for strategic management.

Course Content

Unit 1: Strategy & Budgeting: Creating a "Business Finance" Culture

  • Differences between managerial accounting and financial accounting.
  • Critical financial statements:
  • The income statement
  • Balance sheet.
  • Cash flow forecast.
  • Managing contemporary organizations' complexities.
  • The synergy between Strategic Plan, Budgeting, Costing, and Management Control.
  • Management Accounting as a tool for organizational control systems.
  • Responsibility accounting and adopting a process-centric view.
  • The Budget's role in achieving corporate targets.
  • What is the analysis of the situation in your organization?

Unit 2: Issues of Budgeting

  • The Master budget and its schedules: driving toward organizational goals.
  • Understanding the limitations inherent to budgeting in financial management.
  • The master budget and its schedules.
  • Motivational aspects of budgeting and financial management.
  • Linkages between budgeting and costing.
  • Essential cost classifications for effective budgeting.

Unit 3: Costing for Budgeting Purposes

  • Discussing cost terms and methodologies.
  • Differentiating between inventorial vs. period costs.
  • Distinctions between manufacturing and non-manufacturing costs.
  • Analyzing variable vs. fixed costs (Cost-Volume-Profit (CVP) analysis).
  • Understanding direct vs. indirect costs.
  • Resolving under-costing and over-costing issues.

Unit 4: Flexible Budgets & Variance Analysis

  • Utilizing budgets and performance measurements as communication tools.
  • Evaluating the organization's current situation and exploring improvements.
  • Emphasizing value creation through value-based budgeting.
  • Differentiating static budgets from flexible budgets.
  • Calculating flexible-budget variances and sales-volume variances.
  • Integrating continuous improvement into variance analysis.

Unit 5: Balanced Scorecards: Tools To Bring Finance Into The Business

  • How do you bridge finance and business with effective strategy visualization?
  • Delving into the four perspectives of the balanced scorecard.
  • Executing the implementation of balanced scorecards in organizations.
  • Setting specific objectives and Key Performance Indicators (KPIs).
  • Developing Strategy Maps.
  • Creating a tailored Balanced Scorecard for your organization.

Kuala Lumpur (Malaysia)
14 - 18 Jul 2024
3900 Euro
London (UK)
29 Jul - 02 Aug 2024
5200 Euro
Manama (Bahrain)
04 - 08 Aug 2024
3900 Euro
Milan (Italy)
12 - 16 Aug 2024
4900 Euro
Paris (France)
02 - 06 Sep 2024
4900 Euro
Amsterdam (Netherlands)
23 - 27 Sep 2024
4900 Euro
Barcelona (Spain)
07 - 11 Oct 2024
4900 Euro
Istanbul (Turkey)
13 - 17 Oct 2024
4200 Euro
Vienna (Austria)
21 - 25 Oct 2024
4900 Euro
Rome (Italy)
21 - 25 Oct 2024
4900 Euro
Dubai (UAE)
27 - 31 Oct 2024
3900 Euro
Boston (USA)
28 Oct - 01 Nov 2024
5500 Euro
Amman (Jordan)
10 - 14 Nov 2024
2900 Euro
Kuala Lumpur (Malaysia)
10 - 14 Nov 2024
3900 Euro
London (UK)
11 - 15 Nov 2024
5200 Euro
Online
24 - 28 Nov 2024
1500 Euro
Brussels (Belgium)
09 - 13 Dec 2024
4500 Euro
Sharm El-Sheikh (Egypt)
15 - 19 Dec 2024
3500 Euro
Vienna (Austria)
16 - 20 Dec 2024
4900 Euro
Cairo (Egypt)
22 - 26 Dec 2024
3000 Euro
Madrid (Spain)
23 - 27 Dec 2024
4900 Euro
Dubai (UAE)
29 Dec 2024 - 02 Jan 2025
3900 Euro
Cairo (Egypt)
29 Dec 2024 - 02 Jan 2025
3000 Euro
Manama (Bahrain)
05 - 09 Jan 2025
3900 Euro
Barcelona (Spain)
13 - 17 Jan 2025
4900 Euro
Kuala Lumpur (Malaysia)
26 - 30 Jan 2025
3900 Euro
Casablanca (Morocco)
03 - 07 Feb 2025
3000 Euro
Munich (Germany)
03 - 07 Mar 2025
4900 Euro
Geneva (Switzerland)
24 - 20 Mar 2025
5500 Euro
Istanbul (Turkey)
30 Mar - 20 Apr 2025
4200 Euro
Online
06 - 20 Apr 2025
1500 Euro
London (UK)
07 - 20 Apr 2025
5200 Euro
Amman (Jordan)
04 - 20 May 2025
2900 Euro
Amsterdam (Netherlands)
05 - 20 May 2025
4900 Euro
Istanbul (Turkey)
18 - 20 May 2025
4200 Euro
Cairo (Egypt)
18 - 20 May 2025
3000 Euro
Paris (France)
19 - 20 May 2025
4900 Euro
Madrid (Spain)
26 - 20 May 2025
4900 Euro
Sharm El-Sheikh (Egypt)
01 - 20 Jun 2025
3500 Euro
Lisbon (Portugal)
02 - 06 Jun 2025
4900 Euro

Certificate in Finance and Accounting Courses
The Essentials of Budgeting & Business Finance Course (FA)

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.