With the major responsibility of managing finances, managers also have responsibilities to write and control budgets. They face several decisions that need planning and forecasting, especially preparing budgets. Using examples and exercises of the gas and oil industry, this course is designed to break down all sorts of financial restrictions in an informative yet engaging style.

It will provide the necessary skills to develop efficient strategic planning, forecasting and budgeting processes. The main aim of the training is to enable the participants to understand the framework that builds strategies for the annual budget, targeting efficient management and organisational performance.

Our course will explain financial terms and budgeting tools in such a way that a financial professional or even a non-financial professional will be able to understand and relate to them in their working environment. It will include a lot of examples, a budgeting format and case studies.

Objective

• Defining strategy and its importance
• Understanding the cycle of budgeting and planning
• Using forecasting techniques
• Defining key components of the Annual Business Plan
• Understand the need for forecasting as well as budgeting
• Defining the important steps to set a master budget
• Investigate budget variations
• Identify the costing methods used in financial planning, budgeting and budgetary control

Course Booking

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