Who Should Attend The Course
- Financial Analysts
- Budget Managers
- Accountants
- Business Owners
- Financial Planners
- Management Professionals
- Any department contributing to budgeting processes
Know About Your Trainer
With over 45 years of experience at the intersection of international Treasury and Investment Banking Consulting, Peter has developed a comprehensive and nuanced expertise across both conventional and Islamic treasury environments. His career has been marked by the development of advanced trading models that have become foundational to innovative trading strategies. Through detailed portfolio analysis, he has enhanced asset performance and brought precision to asset allocations.
Relevant Experience And Clients
He has provided consultancy and training to prestigious clients such as Commerzbank, ING Bank and Group, ABN Amro, Arab Banking Corp, KIPCO, Qatar Intl Islamic Bank, Qatar Internal Islamic Bank, ARAMCO, Nakilat, HSBC, Gulf International Bank, and many others, either through his network of event management organizations or directly. This diverse client base reflects the breadth and depth of my expertise and the wide-reaching impact of his work in the field.
Course Outline:
DAY ONE: Budgeting Frameworks
and Techniques
Introduction to Modern Budgeting Approaches
- Overview of traditional and modern budgeting practices.
- Understanding the importance of flexibility and adaptability in budgeting.
- Interactive Quiz: Basics of budgeting concepts
Zero-Based Budgeting (ZBB)
- Key principles and implementation strategies for ZBB.
- How ZBB can be applied in both startups and established businesses.
- Case Study: ZBB implementation in a mid-sized company.
Flexible Budgeting for Dynamic Environments
- Comparing static vs. flexible budgets in variable scenarios.
- How to implement flexible budgeting for dynamic businesses.
- Quiz: Evaluating the effectiveness of flexible budgeting in real-world examples.
Activity-Based Budgeting (ABB)
- ABB fundamentals and application in various industries.
- Detailed analysis of cost drivers and how ABB can improve cost control.
- Case Study: ABB in a manufacturing environment.
Incremental Budgeting
- Key features, advantages, and limitations of incremental budgeting.
- Application of incremental budgeting in annual planning cycles.
- Quiz: Incremental budgeting analysis for operational improvement.
DAY TWO: Forecasting and
Automation
Actual vs. Forecasted Budgeting
- Techniques for analyzing and comparing actual performance to forecasted budgets.
- Â Identifying and interpreting budget variances.
- How to make real-time adjustments to forecasts using advanced tools like Orange.
Automated Budget Reporting and Updates
- Learn how automated tools can improve reporting efficiency.
- Using Orange to automate budget updates based on real-time data.
- Interactive Exercise: Practical implementation of budget automation using Orange
Costing Techniques and Budget Integration
- Overview of different costing methods (e.g., absorption costing, marginal costing).
- Aligning costing techniques with strategic budget management.
- Real-world applications for aligning cost control with financial planning
Forecasting with Regression Analysis
- Introduction to regression analysis and how it can be used for budget estimation.
- Practical exercises in applying regression models to forecast future financial needs.
- How to automate and streamline regression models using Orange