An important method of financial control is the comparison of planned income and expenditure with the income received and the expenses incurred. This 2-day course looks at budgets, what they are, how they are formulated and how they are used within a business. Different approaches to the budget setting process are examined; also the way that different parts of the same organization look at budgets and its potential for internal conflict unless carefully managed. 

Course Content

  • The purpose of budgeting
  • The purpose of different operational budgets – P/L, Cash and Master Budgets
  • Producing simple operational budgets
  • Comparing budgets with cash flow forecasts
  • Fixed and flexible budgets
  • Organizational behavioural aspects of budgets

 

Benefits of Attending

At the end of the session, participants should be able to:

  • Explain the purpose and nature of a budget
  • Formulate operational budgets
  • Identify the benefits of a budgetary control system
  • Understand the budget setting process
  • Understand the importance of careful implementation and management of a budgetary control system

Course Details

COURSE FEES
AED 2,800 per participant (AED 2,666.67 - course cost; AED 133.33 - VAT cost)
Course fee is inclusive of all instructional materials, handouts, workbook, daily lunch and coffee breaks

According to the United Arab Emirates (UAE) Ministry of Finance Value Added Tax (VAT) will be introduced across the UAE on 1 January 2018.

The VAT rate will be 5% and will be applied on all rates, fees and other charges covered by your agreement with us, starting from 1 January 2018.

For more details see https://www.mof.gov.ae/En/budget/Pages/VATQuestions.aspx

DELIVERY MODE
PowerPoint presentation, Flipchart, Role Plays, Group discussions and Practical Exercises.

COURSE TIMING
The course runs from 0900 - 1600hrs

PRE-REQUISITES
The programme does not require any pre-requisites

CERTIFICATION
The Emirates Academy Certification of Attendance will be issued upon completion

NUMBER OF ATTENDEES
Maximum number of participants = 20

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