Finance and Accounting Seminars

The Essentials of Budgeting & Business Finance


The Seminar focuses on the internal view of an organization: strategic decision making, budgeting and cost control. The program will increase your understanding of the overall budgeting process and how it fits in to the strategic objectives of your organisation.

It is important that all professionals in every department understand the budget its linkage to the strategic objectives of the business and appreciate that it is a vital component of managing organizations. The budgeting process helps to create a culture of performance measurement and spread it throughout the organization in order to help the business meet its objectives.

  • Setting performance indicators
  • Achieving control over costs
  • Maintaining good cash flow
  • Making correct capital project decisions.
  • Motivating staff



  • Understand the importance of linking finance with the business
  • Understand the purpose of budgets and their impact on the organisation.
  • Appreciate the place of the budget in strategic planning
  • Understand the motivational effects of budgets
  • Understand how budgets are used both for planning and for control
  • Understand how budgets can be used for responsibility accounting


Training Methodology

The seminar will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Group discussions will form a major part of this seminar. Difficult mathematical concepts are minimized wherever possible and handled in a visual way that is easy to understand with examples demonstrated.


Organisational Impact

  • Increase financial awareness in the organization
  • The organization will be in a better position to develop useable budgets
  • Those attending will be in a position to lead others in budget preparation
  • Motivation will be improved
  • Cost control will be improved
  • Strategy & budgeting will be integrated
  • Financial and non-financial key performance indicators will be identified


Personal Impact

  • Delegates will feel more comfortable with terminology.
  • They will understand the linkages between budgeting & costing
  • The delegates will understand the control aspects of budgeting
  • The delegates will appreciate the motivational aspects of budgeting
  • They will understand how to discuss and communicate in budgeting terms
  • Delegates will understand how to link financial and non-financial measures





Strategy & Budgeting: Creating a “Business Finance” Culture

  • The difference between Managerial accounting and financial accounting
  • The key financial statements
    • Income statement
    • Balance sheet
    • Cash flow forecast
  • The complexity of managing contemporary organization
  • Strategic Plan, Budgeting, Costing and Management Control
  • Management Accounting for organizational control systems
  • Responsibility accounting and the process-view
  • The Budget and its role for achieving organizational targets
  • What is it the situation in your organization
  • Problems and Examples - Case study illustration



Issues of Budgeting

  • The Budget and its role for achieving organizational targets
  • The limits of the budget
  • The Master budget and it schedules
  • The motivational aspects of budgeting
  • The linkages between budgeting and costing
  • Cost classifications
  • Problems and Examples - Case study illustration



Costing for Budgeting Purposes

  • Cost terms and methodologies
  • Inventorial vs. period costs
  • Manufacturing vs. non-manufacturing costs
  • Variable vs. Fixed costs (CVP analysis)
  • Direct vs. indirect cost
  • Under-costing and Over-costing problems
  • Problems and Examples - Case study illustration



Flexible Budgets & Variance Analysis

  • The budgets and performance measurement as tools for communications
  • What is it the situation in your organization? How to improve it?
  • The imperative of value-creation: towards value-based budgeting
  • Describe the difference between a static budget and a flexible budget
  • Compute flexible-budget variances and sales-volume variances
  • Integrate continuous improvement into variance analysis
  • Cases, problems and exercises



Balanced Scorecards: Tools To Bring Finance In The Business

  • Bringing Finance in the Business by making the strategy visible
  • The balanced scorecard and its four perspective
  • Implementing the balanced scorecard
  • Setting Objectives and KPIs
  • Developing the Strategy Maps
  • Develop a Balanced Scorecard for your organization
  • Exercises and Case study

UAE (Dubai)

From 31/5/2020 To 4/6/2020 Price: 2500 Euro
From 16/8/2020 To 20/8/2020 Price: 2500 Euro
From 18/10/2020 To 22/10/2020 Price: 2500 Euro

Egypt (Cairo)

From 12/7/2020 To 16/7/2020 Price: 2500 Euro
From 27/9/2020 To 1/10/2020 Price: 2500 Euro

Jordan (Amman)

From 5/4/2020 To 9/4/2020 Price: 2500 Euro

UK (London)

From 29/6/2020 To 3/7/2020 Price: 4500 Euro
From 30/11/2020 To 4/12/2020 Price: 4500 Euro

Egypt (Sharm El-Sheikh)

From 20/9/2020 To 24/9/2020 Price: 2500 Euro

Malaysia (Kuala Lumpur)

From 5/4/2020 To 9/4/2020 Price: 3500 Euro
From 5/7/2020 To 9/7/2020 Price: 3500 Euro
From 13/9/2020 To 17/9/2020 Price: 3500 Euro
From 18/10/2020 To 22/10/2020 Price: 3500 Euro

Turkey (Istanbul)

From 31/5/2020 To 4/6/2020 Price: 3000 Euro
From 27/9/2020 To 1/10/2020 Price: 3000 Euro
From 1/11/2020 To 5/11/2020 Price: 3000 Euro

France (Paris)

From 27/7/2020 To 31/7/2020 Price: 4500 Euro

Switzerland (Geneva)

From 20/4/2020 To 24/4/2020 Price: 4500 Euro

Spain (Barcelona)

From 3/8/2020 To 7/8/2020 Price: 4500 Euro
From 9/11/2020 To 13/11/2020 Price: 4500 Euro

Italy (Rome)

From 24/8/2020 To 28/8/2020 Price: 4500 Euro

Manama (Bahrain)

From 31/5/2020 To 4/6/2020 Price: 2500 Euro
From 6/9/2020 To 10/9/2020 Price: 2500 Euro


From 10/5/2020 To 14/5/2020 Price: 2500 Euro

Kuwait (Kuwait)

From 25/10/2020 To 29/10/2020 Price: 2500 Euro

Spain (madrid)

From 24/8/2020 To 28/8/2020 Price: 4500 Euro

Singapore (Singapore)

From 30/3/2020 To 3/4/2020 Price: 4500 Euro

USA (Boston)

From 11/10/2020 To 15/10/2020 Price: 5000 Euro

Netherlands (Amsterdam)

From 6/7/2020 To 10/7/2020 Price: 4500 Euro
From 16/11/2020 To 20/11/2020 Price: 4500 Euro

Germany (Munich)

From 2/11/2020 To 6/11/2020 Price: 4500 Euro

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