Foundations of Budgeting and Forecasting for Non-Finance Professionals
A foundation-level introduction to budgeting and the budgeting process for those outside finance. Participants cover the role and types of forecasting, how budgets are allocated to operational activities, and the costing and budgeting terminology used across the business.
This subject may be offered at different levels; scope, depth and prerequisites are confirmed for the selected programme.
- Understand key concepts of budgeting and the budgeting process.
- Understand the types and role of Forecasting.
- Be familiar with principles of allocating budgets to operational activities.
- Understand the importance of a well-defined budget process.
- Learn costing and budgeting terminology used in business.
- Master techniques for cost-benefit analysis.
- Learn how to construct profit, cash and balance sheet plans and budgets.
- Learn how to evaluate variances from plan and identify corrective actions.
- Understand discounted cash flow (DCF) techniques and their application to financial decision making.
- Build and use budgets relevant to your organization.
Location
Courses may be conducted at one of the following hotels in Kuwait:
- Hilton Garden Inn Kuwait – The Avenues
- Hilton Kuwait Resort – Mangaf
- Jumeirah Messilah Beach Hotel & Spa
- Radisson Blu Hotel Kuwait
Or at the client’s premises.
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