Objectives:

To introduce participants to the importance of planning budgets and their impact on management decisions.
Provide participants with the skill of preparing planning budgets and how to achieve the desired goals.
Developing the participants' skills in the practical and actual application of the scientific principles in supervising the implementation of the planning budgets.
Provide participants with the skill of writing reports on the level of implementation of different budgets.

Outline:

• Planning budgets:
• The definition
• Objectives
• The principles
• The types
• The preparation
• Budgets types:
• Balancing indirect manufacturing costs.
• Balancing administrative and sales expenses.
• Cash balance.
• Cash receipts balance.
• Balance of cash payments.
• Income balance.
• Balancing the financial position.
• Cash flow balancing.
• Short-term and long-term budget.
• The overall budget and the sub-budget.
• Cash balance.
• Overall Budget.
• Sales Balance.
• Production budgets
• Direct raw material balancing.
• Direct Work Budget.
• The expected results:
• Ability to prepare the budgets mentioned above.
• Monitoring the implementation of the planning budget:
• Initial control.
• Reverse control.
• Balancing current and cash operations:
• Preparing the budget of the ongoing operations.
• Preparing cash operations budget.
• Capital Operations Balancing:
•  Methods of valuation of capital projects:
• Net present value.
• Profitability rate
• Internal Rate of Return.
• Payback period.
• Accounting revenue