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Advanced Budgeting
التخطيط المتقدم بوضع الموازنة
A practical workshop to master the entire process of setting up a budgetary control process and making it work
23 – 26 October 2017
Venue TBC, Dubai, UAE
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"IIR (Informa) Strikes again! Revolutionary concepts for those seeking radical change to ways of looking at business in today's information age. IIR (Informa) great effort!"

Tariq Bashwari
Planning Analyst
Saudi Aramco

"This event provides the building blocks for becoming not only an effective worker, but also for developing into a genuine and sincere human being."

Cynthia Fernandes
Services and Travel Buyer
Masterfoods ME

"It is a life changing course that touches all aspects of one's life."

Mohammed Al-Fariss
Staff Projects Engineer
SABIC

"An excellent course – adds real value to our experience."

Omar Jahameh
Finance Supervisor
Qatar Airways

"IIR (Informa) is able to recognise and develop new trends. The delivery of innovative case studies adds tremendous value to conferences. This gives delegates the perfect balance between theory and practice. I believe in its formula."

Professor Robert Kaplan
Harvard University

Overview

Budgeting is the cornerstone of strategic financial management in any organisation. It performs a dual role – acting both as a planning and control tool. There are few other activities for which an entire organisation gets involved in development and implementation processes. The scope of budgeting caters to all levels of decision making – from the operating decisions at the grass-root level right up to strategic decisions at the top management level. An error in the budgeting exercise may end up with the organisation losing sight of its strategic and operating objectives.

In order to remain relevant, various budgeting approaches have evolved over time. Each one came with its own strengths and share of weaknesses. The challenge lies in identifying the relevant approaches. The impact of budgets is traditionally reflected in financial statements. In order to keep up with varied approaches, new impact metrics have also evolved. Here too, every organisation needs to make a choice on the metrics to be used. This is where this course on Advanced Budgeting adds value. It will take you through various approaches and metrics in a simple and practical manner so that you can reinforce your knowledge and apply it in practice. Continuous use of spreadsheets will lead to a better understanding of the subject matter. The course will conclude with the group solving a case study on developing a comprehensive budget.

لقد أصبح من الضروري للذين يساهمون في صنع القرارات المالية أن يتقنوا التقنيات المتقدمة لوضع الموازنة إذ تركز أهم الشركات اليوم على تبسيط عملية وضع الموازنة الخاصة بها.
تستخدم الموازنات لربط الاستراتيجية بالتخطيط ولتسليط الضوء على انعدام الكفاءة التشغيلية وتحديد الأهداف.

وقد بات من المعلوم أيضًا أن الموازنات تستوعب إدارة الوقت وتجذب مجموعة واسعة من الإنتقادات.

وبدلًا من أن تكون مصدر إلهاء سنوي، ينبغي على الموازنة أن تصبح عملية مرنة تشمل التغيرات الاستراتيجية وظروف السوق وتحركات المنافسين وتقدم التكنولوجيا وفعالية عملية التطوير.

Content
  • The Process Of Budgeting
  • What Is Wrong With How We Budget?
  • Beyond Budgeting
  • Activity Based Budgeting (ABB)
  • Zero Based Budgeting
  • Forecasting And Other Practical Budgeting Techniques
  • The Forecasting Process – A Step Beyond Mere Budgeting
  • Rolling Forecasts
  • Balanced Scorecard
  • Flex Budgets
  • Budgeting Financial Statements
  • Budgeting For Capital Expenditure
  • Cash Budgeting
  • Consolidating Detailed Budgets Into Financial Statements
  • Budgetary Control Tools
  • Budgetary Variance Analysis
  • Budgetary Control Audit
  • المحاذاة مع تخطيط الأعمال
  • تحديد الموازنة والتكلفة على أساس الأنشطة
  • وضع الموازنة والتحكم بالنفقات العامة
  • التوقعات المتداولة خارج الموازنة وغيرها من الإصدارات الحديثة للموازنات
  • وضع الموازنة لإنشاء واستخدام الأصول غير الملموسة
  • تصميم التخطيط الاستراتيجي المتكامل والتخطيط التشغيلي وعملية وضع الموازنة
  • الموازنة والنفقات الرأسمالية
  • الاستهلاك
  • استثمار رأس المال
  • الأصول غير الملموسة
  • أموال المساهمين ونسب رأس المال
  • ترشيد عملية التخطيط/ ووضع الموازنة بأكملها
Who Should Attend
  • Managing Directors
  • Financial Controllers
  • Business Development Managers
  • Business Planning Managers
  • Finance Managers (in various functions)
  • Business Unit/Operational Managers
  • Management Accountants
  • Business Analysts
  • Financial Analysts
  • Capital Planning Proffessionals
  • Treasury Personnel

تم تصميم هذه الدورة لكافة المهنيين الماليين وغيرهم من المشاركين في عملية صنع القرارات المالية وعملية وضع الموازنة في شركتهم.

Benefits Of Attending
  • Develop and implement a successful budgetary control system
  • Understand the differences between traditional and modern approaches to budgeting so that you can develop an appropriate approach that would suit your environment
  • Get acquainted with techniques and tools like forecasting, that are necessary to develop a realistic budget
  • Conduct variance analysis explaining the differences between projection and achievement
  • Design a comprehensive budget using the approach of your choice along with tools that you will be introduced to at the course
  • تحديد العناصر الأساسية لنجاح التوقعات وإعداد الموازنات
  • إمكانية اتخاذ قرار تخلي الشركات عن الموازنات السنوية
  • الاستفادة من نموذج ما بعد الموازنة وغيرها من التطورات الجديدة
Course Director

    Prof. Arif Ahmed
    Director
    South Asian Management Technologies Foundation

    Prof. Arif Ahmed is a Chartered Accountant and MBA (Finance) and has 25 years of experience under his belt in the area of finance and risk management.

    In addition to training, Prof. Ahmed has assisted many organisations to design and implement financial management and control systems across various industries including media,metals and minerals, logistics, banking, engineering, energy, hospitality, paper, etc.

    He is one of the most sought after speakers for his inimitable style of blending concepts with application in industry. Prof. Ahmed is the Director of South Asian Management Technologies Foundation based in India.


    Prof. Veena Hingarh
    Joint Director
    South Asian Management Technologies Foundation

    Prof. Veena Hingarh is a Chartered Accountant, Company Secretary, and a Certified Information System Auditor. A career rank-holder, Prof. Veena focuses on the areas of finance and their interface with information technology as her specialisation. Delegates gain from her insight into the working of finance and its integration with IT.

    Prof. Veena is the Joint Director of South Asian Management Technologies Foundation, India.

    Prof. Arif and Prof. Veena are contributors to and co-authors of bestselling books - Wiley International Trends in Financial Reporting, Understanding And Conducting Information Systems Audit, Handbook on IFRS, Manual of Information Systems Audit, etc.

    They have also been consultants with the World Bank for projects involving designing of risk management models.



Venue and Accommodation

    Dubai, UAE

    Dubai, United Arab Emirates

    Dubai is a luxurious city destination offering a contrast of east meets west, where the traditional and modern blend in harmony. Dubai is one of seven emirates that belong to the United Arab Emirates located in the Middle East.

    Some fast facts about Dubai, UAE

    • About 80 airlines land daily at the Dubai International Airport.
    • English is spoken quite fluently even though Arabic is the official language
    • Dubai has the largest free trade zone in the Middle East
    • The currency used is UAE Dirham which is pegged to the US Dollar
    • The time zone is GMT +4
    • Friday most businesses stay closed as it is the day of Friday prayers (Jumu'ah)
    • In 2016 Ramadan will take place in June

Course Fees
Date Course Fee Before
14 August 2017
Course Fee Before
18 September 2017
Final Fee
23 – 26 October 2017
(BC6855)
US$ 3,995 US$ 4,495 US$ 4,995
Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

*

Book and pay full fee for two colleagues and the third attends for FREE

  • Not applicable in conjunction with corporate discounts
  • Payment to be settled before start of the course to avail the offer
  • This offer is not applicable on Early Bird Prices

For more information, email Andy Watts on a.watts@informa.com

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