Financial Planning, Forecasting, and Budgeting
Financial Planning, Forecasting, and Budgeting
$3500.00
Day One: Introduction to Financial Planning
The concept of financial planning and its objectives
The importance of financial planning in companies and organizations
The difference between financial planning and financial forecasting
Basics of financial budgets and their types
Target audience: financial managers, accountants, financial planners, entrepreneurs.
Teaching method: Interactive theoretical lectures, group discussions.
Day Two: Tools and Methods of Financial Forecasting
Methods of financial forecasting (quantitative and qualitative forecasting)
Analysis of financial data and the use of economic indicators
Mathematical models for financial forecasting
How to build accurate financial forecasts
Target audience: financial analysts and planning managers.
Teaching method: Practical exercises using financial software, live examples.
Day Three: Preparing Financial Budgets
The concept of budgeting and its types (operating budget, capital budget)
Steps for preparing the financial budget
Resource planning and allocation in the budget
How to measure financial performance through budgets
Target audience: accountants, account managers, employees involved in budgeting.
Teaching method: Practical workshops, case study analyses.
Day Four: Gap Analysis and Financial Performance Improvement
Analysis of the gaps between expectations and actual results
Strategies for correcting deviations and improving financial forecasts
Using financial data to improve decision-making
Target audience: financial managers, strategic planning staff.
Teaching method: Case studies, group discussions.
Day Five: Final Application and Advanced Techniques
Using advanced tools in financial planning
Simulation of the budget preparation process using financial software
Analysis of different financial scenarios (changes in revenues and expenses)
A comprehensive review of the fundamentals and practical applications
Target audience: All participants in the course.
Teaching method: practical simulation, software applications, final exam.
General teaching method:
A combination of theoretical lectures, practical workshops, case studies, and interaction with available technical tools will be used.
