An Intensive 3-day Training Course

The Budgeting Framework

Planning, Costing and Forecasting

Course Introduction

Setting budgets is all about how to plan for the expected and for the unexpected. Successful budget setting is very much linked to the longer-term planning and strategic direction of the organisation.

This online training course on The Budgeting Framework clarifies these links, and the jargon and methodology of planning, budgeting, costing and performance measurement and the role of management accounting, in plain language that is easy to understand. It covers in detail how the tools and techniques of successful budgeting is applied within the overall planning framework to ensure that organisational goals are met.

The Instructors own business career experiences and many other real-world business scenarios are shared throughout this stimulating online training course to illustrate and reinforce the practical application of the tools and techniques and best practice.

Objectives

By the end of this Oxford Management Centre online training course you will be able to:

Appreciate the importance of financial planning and budgeting with regard to the primary business objective of shareholder wealth maximisation
Identify the links between strategic planning, budget setting, and performance measurement
Evaluate the differences between full costing, marginal costing, and activity based costing (ABC)
Use alternative approaches to costing for planning, budgeting and budgetary control
Consider the reasons and purposes of budgeting, and alternative approaches to budgeting for more effective control and improved financial performance.

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Who Should Attend?

The Budgeting Framework online training course is suitable for a wide range of professionals but will greatly benefit:

Business professionals working in operations, manufacturing, R&D, engineering, quality management, procurement and logistics, human resources, and project management roles
Accountants, controllers, finance directors, and other finance professionals active in the planning process
Those working in general management, sales and marketing, estimating and costing, facilities management, and asset management.

Course Outline

Day One to Day Three

Linking strategic management and decision-making with financial planning and budgeting
The importance of vision and mission
Setting corporate objectives with accountability for creating value and maximisation of shareholder wealth, and maintaining good corporate governance
Financial modelling of long-term strategic plans to determine financing requirements, optimise capital structure and gearing and minimise WACC
Cost behavior and the impact of alternative costing systems on profitability, budgeting and financial reporting
Product cost cross-subsidisation
Activity based costing (ABC) and activity based management (ABM)
Refining the costing systems and measurement systems to support financial decision-making
Statisical methods of short- and long-term forecasting
Time series models of weighted average and exponential smoothing, and causal methods of regression analysis.

Certificate

On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates

Accreditation

In association with

GLOMACS Training & Consultancy

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Duration

3 days

Format

Language

English

Certificate

Yes

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Enquire for this course Request for In-House Training

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FREQUENTLY ASKED QUESTIONS

ARE THERE ANY PLACES LEFT ON AN EVENT?

To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us

Telephone: +971 50 985 0174
E-mail: [email protected]

CAN YOU HELP ME OBTAIN HOTEL ACCOMMODATION & VISA?

Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:

Telephone: +971 50 985 0174
E-mail: [email protected]

DO YOU OFFER PROFESSIONAL ACCREDITATION?

Yes, Oxford Management Centre is accredited by the following professional bodies;

National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.

IS THERE A DISCOUNT FOR MORE THAN ONE REGISTRANT/COURSE?

Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]

Note: Discounts are not applicable with any other special offer that may be available.

WAYS TO REGISTER FOR A TRAINING COURSE

There are 2 easy ways to register:

Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
E-mail: Send your details to [email protected]

WHAT IF I CANCEL THE BOOKING?

We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.

For more information request, email [email protected] or call +971 50 985 0174.

WHAT IS INCLUDED IN THE TRAINING COURSES FEES?

The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.

While, online training fees cover the course presentation and digital documentation and relevant materials.

WHAT KIND OF CERTIFICATES DO I GET?

The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.

WHEN AND HOW DO I ARRANGE PAYMENT?

Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.

Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.

WHEN SHOULD I EXPECT TO RECEIVE CONFIRMATION OF REGISTRATION?

Upon receipt of your registration form, we will send you the following by e-mail:

Registration Confirmation
Invoice/Receipt (where appropriate)