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Course Code: FNBN 2738
5 Course Visits
Budget Control
Course Sector:
Finance, Accounting and Banking
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Riyadh, KSA $4,250
Introduction
Training course introducion / brief
budget control
Effective budget control is essential for the financial health and success of any organization. By maintaining control over budgets, leaders can ensure that resources are allocated efficiently, expenditures are kept within limits, and financial goals are met. Budget control helps businesses plan for the future, manage cash flow, and avoid financial risks.
This program provides hands-on training on all aspects of budget control, including planning, monitoring, adjusting, and reporting. Participants will learn how to prepare accurate budgets, track performance, and make adjustments as needed. The course also covers tools and techniques for reporting budget performance to stakeholders and senior management.
Training Course Methodology
This course is designed to be interactive and participatory, and includes various learning tools to enable the participants to function effectively and efficiently. The course will use sessions, exercises, and case applications, and presentation about proven-by-practice methods, new insights and ideas about the topic and its effects in a corporate world.
Course Objectives
At the end of the training course, participants will be able to
- Understand the key principles and components of budget control.
- Learn how to plan, prepare, and allocate resources in a budget.
- Develop skills to monitor, track, and manage budget performance.
- Gain the ability to adjust budgets and manage variances effectively.
- Master the art of reporting and communicating budget performance to stakeholders.
Course Audience
Who is this course for, and can benefit the most
coming soon
Course Outline
The course aims and learning outcomes
Introduction to Supervisory Skills
- Introduction to Budget Control
- Understanding the purpose of budgeting
- The role of budget control in financial management
- Key components of a budget: income, expenses, and savings
- Different types of budgets (operating, capital, cash flow)
- The importance of setting realistic budget goals
- Understanding the budgeting process
- Common budget-related terms and definitions
Planning and Preparing a Budget
- Steps in the budget preparation process
- Collecting and analyzing financial data
- Estimating revenues and expenses accurately
- Identifying fixed vs. variable costs
- Setting financial goals and objectives
- Allocating resources to various departments or projects
- Creating budget templates and formats
Monitoring and Tracking the Budget
- The importance of regular budget monitoring
- Tracking actual vs. planned expenditures
- Tools for monitoring budgets (spreadsheets, software, etc.)
- Establishing key performance indicators (KPIs) for budget control
- Identifying budget variances and their causes
- Developing corrective actions for budget deviations
- Creating monthly and quarterly budget reports
Managing Budget Adjustments and Variances
- Identifying when and why budget adjustments are necessary
- Analyzing and addressing budget variances
- Reallocating resources to meet budget targets
- The role of forecasting in budget control
- Communicating budget changes to stakeholders
- Prioritizing budget adjustments based on business needs
- Managing unexpected costs and emergencies
Reporting and Communicating Budget Performance
- The importance of clear and transparent reporting
- Creating effective budget reports for stakeholders
- Summarizing key financial data in an understandable format
- Communicating budget performance to senior management
- Analyzing trends and making financial recommendations
- Presenting corrective actions and future budget plans
- Using reports to inform decision-making and planning
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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