About the course

Introduction:

Planning and budgeting It is the main factor for reaching future goals and ambitions, both in terms of work and personal views. Planning and budgeting skills are essential skills for all professionals, regardless of their job or management level. This course covers concepts related to budgeting as a planning tool and as a financial control tool and mechanism. In addition, they provide the necessary application for long-term and short-term planning decisions. Budget planning processes determine how budget plans are updated, directed, reviewed and approved in the hierarchy of the budget institution.

Course objectives:

• Get acquainted with the basic and comprehensive concept of the budget
• Distinguish between budgeting and planning, as well as between budget methodologies
• Preparing budgets under different scenarios
• Addressing some cases of sensitivity analysis as well as forecasting techniques
• Calculation of expected as well as unexpected risks and values
• Identification of responsibility centers and reporting segments
• The use of financial instruments in the field of financial flows of enterprises
• Learn how to measure the performance of different entities and entities