Budgeting and Financial Reporting
May 15 - May 19\ 2022 : London
May 09- May 13 \ 2022 : Istanbul
July 17 – July 21 \ 2022 : Kuwait
July 17– July 21 \ 2022 : Oman
September 04 – September 08 \ 2022 : Amman
October 02 - October 06 \ 2022 : London
Introduction
Budget reports are documents that present a single company’s various budgets at any given time. Examples of budgets include operations, production, sales and marketing. A financial report is an in-depth report and analysis of how well a company is doing. This type of report includes all of the budgets listed in a budget report, but it also includes a breakdown of assets and liabilities to reveal the company’s net worth.
Ü \What you'll learn
Ü Participants will identify financial terminology
Ü Participants will understand financial statements
Ü Participants will identify how to analyze financial statements
Ü Participants will understand budgets and how to make budgeting easy
Ü Participants will understand advanced forecasting techniques and Understand how to manage the budget
Ü Participants will identify how to make smart purchasing decisions
Objectives
By the end of the course, participants will be able to:
Ü Identify financial terminology
Ü Understand financial statements
Ü Identify how to analyze financial statements
Ü Understand budgets
Ü How to make budgeting easy
Ü Understand advanced forecasting techniques
Ü Understand how to manage the budget
Ü Identify How to make smart purchasing decisions
Ü Identify the legal aspects of finances
Ü Use appropriate estimation techniques in the development of revenue and expense budgets
Who Should Attend?
Ü Finance Directors and Managers
Ü Deputy and Assistant Directors
Ü Directors and Line Managers
Ü Corporate and Regional Treasurers
Ü Treasury Managers
Ü Senior Accountants and State Accountants
Ü Manager Revenue
Ü Financial and Credit Controllers
Ü Accountant
Ü Budget Managers
Course Methodology
The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
Pre and Post Test
Outline
DAY 1:
introduction to finance and budgets
Ü Key Players in The Financial Arena
Ü In this lecture we will be looking at the key players, the people and their roles and why they need the financial information.
Ü Important Financial Organizations
Ü Discussion on Securities Exchange Commission (SEC), AICPA, FASB, GASB.
Ü Difference Between Accounting and Finance
Ü What is the difference between Accounting and Finance?
Ü The Five Most Important Terms and Rules
Ü Assets, Liabilities, Expenses, Revenue, Owner's Equity.
Ü Financial Statements and Other Terms
Ü Overview of Key Financial Statements: Balance Sheet, Profit and Loss Statement, Cash Flow, etc.
DAY 2:
Double Entry Accounting
Ü The concept and explanation of double entry accounting system and book of accounts.
Ü Transaction Analysis
Ü Double entry transaction analyses and their recordings.
Ü Income Statement
Ü Fiscal year and income statement with an example.
Ü The Balance Sheet
Ü The balance sheet with an example.
Ü The Statement Of Cash Flows
Ü What is the statement of cash flows, the flow of money.
Ü The Statement Of Cash Flow Example
Ü An example of the statement of cash flows.
Ü The Statement of Retained Earnings
Ü What is the statement of retained earning, the retained income of an organization?
Ü Annual Reports
Ü Discussion on annual reports.
Ü Annual Report - Example
Ü Annual report with an example.
DAY 3 :
Income Ratios
Ü Net Income Increases to Pay Increases
Ü Net Income per Employee
Ü Net Income to Assets
Ü Non-Operating Income to Net Income
Ü Operating Income to Wages and Salaries
Ü Profitability Ratios
Ü Cash Debt Coverage Ratio
Ü Cash Return on Assets
Ü Cash Return to Shareholders
Ü Contribution Margin Ratio
Ü Gross Profit Margin ,Operating Margin
Ü Profit Margin Ratio ,Liquidity Ratios , Current Ratio
Ü Acid Test Ratio (Quick Ratio) , Cash Ratio
Ü Cash Debt Coverage
Ü Working Capital Ratios
Ü Working Capital , Working Capital ratio
Ü Working Capital Provided by Net Income
Ü Working Capital From Operations to Total Liabilities
Ü Bankruptcy Ratios
Ü Working Capital to Total Assets Ratio
Ü Retained Earnings to Total Assets Ratio
Ü EBIT to Total Assets Ratio
Ü Sales to Total Assets Ratio
Ü Equity to Debt Ratio , Cash Flow to Debt Ratio
DAY 4 :
Long-Term Analysis Ratios
Ü Current Assets To Total Debt
Ü Stockholder's Equity Ratio
Ü Total Debt to Net Worth
Ü Some More Ratios and Return on Investment
Ü Interest Coverage Ratio
Ü Debt-Service Coverage Ratio - DSCR
Ü Asset Coverage Ratio
Ü Calculating Return on Investment
Ü Budget, Format and Historical Data
Ü Sales budget
Ü Production budget
Ü Cash Flow/Cash budget
Ü Marketing budget
Ü Project budget
Ü Expenditure budget
Ü Managing The Budget
Ü Example of a budget format
Ü How to tell if you’re on track
Ü Should your budget be updated
Ü Keeping a diary of lessons learned
Ü When to panic
Ü Adjusting For Special Circumstances
Ü Using The LOAD Technique
Ü Forecasting Techniques
Ü Using the average
Ü Regression analysis
Ü Extrapolation
Ü Formal Financial Models
DAY 5 :
How To Make Smart Purchasing Decisions - I
Ü How can you make smart purchasing decisions, what are different considerations and techniques?
Ü How To Make Smart Purchasing Decisions _ II
Ü How to calculate payback period, how to make lease or buy decisions and thinking out of the box?
Ü A Brief History
Ü A brief history of the government’s involvement in the financial dealings of corporations in the United States, and the definition of financial regulations and their objectives.
Ü Sarbanes-Oxley And Some Other Acts
Ü Sarbanes Oxley and some other financial acts, Public Company Accounting Oversight Board, CEO/CFO Certification, 8th Company Law Directive.
Fees:
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:
5.250 USD $
Schedule:
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session