Budgets are an essential financial tool, which aid, planning, decision making, resource allocation, coordination, and control.
Without the necessary skills Budgets can be badly prepared and/or implemented leading to poor decisions, mid-use of vital resources, poor coordination, and a lack of control or even too much control resulting in missed opportunities.
Develop the skills to Plan Budgets within a sound Strategic Plan
Develop the skills to Prepare Budgets using:
Appropriate Forecasting Techniques including Time Series Models,
Exponential Smoothing, Regression and Correlation Analysis and
Costing Methods such as Activity Based Costing
Develop the skills to effectively implement Budgets
Personnel Controller with salaries and budget calculations
Become aware of the problems/limitations of budgets and the conditions required for their success
Integrate the budgeting process with the development of the company’s long-term strategic vision
Identify key performance indicators for effective and focused decision making
Perform “What If” and Sensitivity Analysis to evaluate the implications of changes in major factors of production and consumption
Recommend various courses of action to manage the implications of “What If” and Sensitivity Analysis.
Implement advanced planning and control techniques
Develop the skills to effectively Manage & Control the budgeting process
Financial Managers
Financial Planning and Control Staff
Executives with Financial Responsibilities
Executives who are responsible for the cost and strategic analysis
Project Managers
Employees who want to gain new knowledge to improve their career
Strategic Planning, Forecasting, Budgeting, and Costing – Defined
The inter-relationship of Strategic Planning, Forecasting, Budgets, and Costing
The Benefits & Limitations of Budgets and the Essential Features & Conditions Required
An Evaluation of Various Types of Budgets:
Fixed
Variable
Zero Based
Activity-Based
Capital Budget
The Essential Features of Activity-Based Budgeting
Developing the ABB application model
Budgeting for Processes rather than Departments
Defining Key Cost Drivers
Defining Key Activities
Development of ABB Cost Standards
Developing the Activity-Based Budget
Preparing The Master Budget using Excel
Sales Budgets
Production Budgets
Cash Budgets
Capital Budgets
The Master Budget
Determine the Purpose or Objective of Forecastin
Methods of Forecasting using Qualitative and Quantitative/Statistical Analysis
including the Exploratory Data Analysis Tools Available in Excel
Their Use & Limitations
Recognizing the Basic Patterns Inherent in Historical Data
Time Series Analysis
Exponential Smoothing
Correlation and Regression Analysis
Presenting initial forecasts to decision-makers
Forecasting future Market/Sector developments using Qualitative Analysis – SWOT Analysis and LEPESTE & Co Analysis
Implementing Forecasts into the Budget
Considering Hedging Strategies where variables such as Exchange Rates and Interest Rates cannot be forecast accurately
Forwards, FRA’s, Futures, Options and Swaps
Preparing the Sales Budget
Determining the price, credit policy, discount policy, and currency
Preparing the Production Budget
Preparing the Cash Budget
Make finance and investment decisions
Preparing Capital Budgets
Use Excel to evaluate various Capital Projects using Present
Value, Future Value, Net Present Value, Internal Rate of Return, Modified Internal Rate of Return and Discounted Payback models
An Introduction to “What If” and Sensitivity Analysis to evaluate the implications of changes in major factors of production and make strategic decisions
Implementing Budgets Successfully
The Conditions Required
The Management Skills Required
Break-Even Analysis, Cost Behaviour and Sensitivity Analysis
Identifying Fixed, Variable and Semi-variable costs
Identification of the level of sales/profit to break even
Identification of critical costs
Determining resources requirements
What if Analysis using Excel and leading software
Performing “What If” and Sensitivity Analysis to evaluate the implications of changes in major factors of production and consumption on the Cash Budget and Profit & Loss Account
Identification of key performance indicators for effective and focused decision making
Recommend various courses of action to manage the implications of “What If” and Sensitivity Analysis.
Developing Budget Re-Projection and Best Case / Worst Case Scenario Models
Planning for contingencies
Developing various scenarios
Using the Scenario tool in Excel® to explore the variable sets of assumptions while tracking the impact on the base model.
Building the financial simulation model using probabilistic (Monte Carlo) simulation
Building the financial simulation model using deterministic simulation
Accounting Systems, Accountability and Responsibility Systems
Essential Elements of a Costing System
Establishing and Implementing a Costing System
Undertaking Variance Analysis and Presenting a Variance Report to decision-makers
Evaluation of the results
Making Strategic Decisions based on the Variance Report/Business Planning
As a supervisor, the success of your organization rests in your hands. This course provides you with the opportunity to develop highly effective and essential supervisory skills that will strengthen teamwork and organizational success. Also, this course will help you manage everyday operations with greater ease. Furthermore, it will help you leverage both your managerial and people skills to meet your new challenges as the 21st-century supervisor.
Business managers must adopt tools relating to internal stakeholders and change their thinking in order to be agile in the finance department. Through sporadic performance of crucial tasks and ongoing execution, the finance department has the ability to be the key to increasing the company's agility.
SharePoint 2019 is intended to be more engaging, versatile, mobile, and user-friendly. This course will provide you with all you need to advance your Microsoft SharePoint skills. To gain an advantage over other SharePoint developers, learn how to maximize your talents using lists and libraries, team sites, branding, and communication sites.
All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
The training program for Certified ISO 37001 Lead Auditor equips you with the knowledge and abilities needed to conduct anti-bribery management system (ABMS) audits using generally accepted auditing principles, methods, and techniques.
To ascertain the efficacy of the policies and anti-bribery procedures introduced as part of an ABMS based on ISO 37001, many firms look for qualified auditors. This training program aims to assist you in successfully completing these responsibilities and to convey the significance of successful ABMS audits. Additionally, it seeks to improve your knowledge and abilities so that you can plan and execute ABMS audits in accordance with the certification procedure outlined in ISO/IEC 17021-1 and the auditing principles for management systems provided in ISO 19011.
The provided exercises, tests, and case studies are made to give you practice in the key areas of an ABMS audit, including ISO 37001 requirements, auditing principles, evidence-gathering tools and techniques, managing a team of auditors, conducting auditee interviews, reviewing documentation, drafting nonconformity reports, and creating the audit report itself.
An exam is given after the training course has been successfully completed. You can apply for the "Certified ISO 37001 Lead Auditor" credential if you pass the exam. An ISO 37001 Lead Auditor certificate, which is internationally recognized and authorized by IAS, verifies your qualifications as a professional and shows that you are capable of auditing an ABMS that adheres to ISO 37001
Build a blockchain and cryptocurrency. Discover the engineering ideas behind technologies like Bitcoin and Ethereum, A blockchain's operating protocol is also known as its consensus mechanism, Build a Blockchain in the object-oriented programming style, and Generate hashes for blocks in the chain