Basics of Budget Preparation and Cost Control

🎯 Target Audience:

• Accountants and financial auditors

• Financial managers and analysts

• Financial planning and budgeting officials

• Entrepreneurs and business owners

• Anyone who wants to develop their skills in budgeting and cost control.

📝 Teaching Method:

• Live interactive lectures

• Real case studies

• Practical workshops

• Group discussions and problem-solving

• Continuous tests and assessments

🔍 Course Topics:

Day One: Introduction to Budgets and Costs

• Definition of the budget and its importance in financial planning

• The difference between the budget and financial estimates

• Types of budgets and their role in decision-making

Day Two: Preparing Operational and Investment Budgets

• Steps for preparing the operational budget

• Components of the investment budget

• Analysis of revenues and expenses

Day Three: Cost Control Techniques and Variance Analysis

• The concept of cost control and its objectives

• Analysis of deviations and their causes

• Tools and techniques for cost optimization

Day Four: Financial Reporting and Financial Performance Management

• How to prepare effective financial reports

• Key Performance Indicators (KPIs)

• Using financial data in decision-making

Day Five: Practical Applications and Case Studies

• Solving practical examples on budget preparation

• Analysis of real cases for cost monitoring

• Discussion of real challenges and proposing solutions

📌 Expected Outcomes:

• The ability to prepare accurate and effective budgets

• Understanding the mechanisms of cost analysis and monitoring

• Improving financial decision-making skills

• Enhancing the ability to analyze the financial performance of companies