Description

An effective Budgeting activity ensures timely, precise and reliable assessment of income and expenses. Moreover, it is considered as a priceless tool for action planning and improvement of financial results. Businesses without a reliable Budget literally move blindly in an atmosphere of insecurity, which sometimes is even a source of unpleasant surprises and unexpected developments. Last minute action is costly, lacks in efficiency and inevitably creates a negative working environment.

Budgeting allows organisations to check whether their objectives do indeed lead to profitability or are in need of revision. Moreover, it allows timely preparation of appropriate action, to ensure improved use of resources, increased cash flow and reduced loans.

Budgeting allows organisations to check whether their objectives do indeed lead to profitability or are in need of revision. Moreover, it allows timely preparation of appropriate action, to ensure improved use of resources, increased cash flow and reduced loans.

Participants – financial or other executives - will have the opportunity to witness how all stages of Budgeting are developed using a contemporary software series, offered free at the seminar. For software details please click here.

Special attention is given to sales forecasting, cash flow and working capital preparation and deviations analysis.

Course Content

BUDGETING PROCEDURE – SETTING TARGETS FOR SALES

  • Budgeting procedure: Steps, methodology connection between Budgeting and corporate planning
  • Data required for the estimation of sales forecast per product and/or service category, and distribution channel. Use of forecast models
  • Setting sales targets per product category and ultimately per product code, or, in some cases, per customer


CALCULATING EXPENDITURE
Calculating:

  • General expenses
  • Administrative expenses
  • Production expenses
  • Sales expenses
  • arketing expenses
  • Financing


TOOLS – BUDGETING COMPLETION

  • Preparation of cash flow programme and working capital estimation
  • Administration’s review of alternative budgeting scenarios. Sensitivity analysis
  • Preparation of the investment budget
  • Forecasts of Financial Statements (balance-sheet, analysis of profit/loss statement, and cash flow), based on the budget Excel forms for calculations and automated synthesis of all profit/loss statements, in the final version of the budget


ASSESSMENT – BUDGET MONITORING

  • List of Critical Points of Budget Control, Monitoring Budget deviations. Reporting and dealing with deviations
  • Using the Budget as a tool for reduced cost, increased profitability, and improved tasks delegation

  • Managing Directors
  • General Managers
  • Financial Administrators

Seminars material includes:

  • “Budgeting” manual including Case Studies and solutions (hardcopy)
  • Integrated, Contemporary Software with Pivot tables; exceptional analysis and reporting capabilities
  • Cash-flow Programming software
  • Working Capital estimation software
  • Complete seminar presentation
  • Free consultancy services on the seminar topic, for an entire year, available through our website 

For more information on the course related software, please click here


Nicholas J. Michaloliakos

Nicholas J. Michaloliakos

Chem. Eng., top manager in large international companies for 20 years, Managing Director of Advanced Quality Services Ltd, a management consulting company specialising in strategy that has participated in more than 300 integrated reengineering projects.
George Vavoulas

George Vavoulas

MBA, company consultant with many years of consulting experience in organisation and development systems, and with rich lecturing experience in office organisation issues.
Live Online Training
Date: 2021
Venue & Hall: E-learning,
Participation Fee 500 €
Participation Form
Discount analysis:
10% discount for the 2nd participation, and
20% discount for the 3rd and every subsequent.- 25% discount for online seminar purchase
Participation Fee 500 €
Participation Form
Discount analysis:
10% discount for the 2nd participation, and
20% discount for the 3rd and every subsequent.- 25% discount for online seminar purchase

Are you interested in In-Company Seminar?

AQS specializes in organizing in-house seminars, tailored to the needs and goals of your company.

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