Categories > Finance & Accounting Category   Planning, Budgeting & Management Reporting   Program Duration : 5 Days Program Date : 24-28 March,2012 Program Location : Cairo, Egypt Program Fees : US$ 2950/Per Person   PROGRAM OBJECTIVES:   By the end of that course the participant will be able to:   Applying advanced planning and control techniques into the budgeting process.   Achieve the integration between his company budgeting process and the development of long-term strategic vision.      Provide the needed support and accurate information which enable decision makers take the right decision at the right time.  Have more accurate forecasting of costs and revenues.  Effectively manage and control the budgeting process.  Increase profitability and performance through stream lined planning and reporting PROGRAM OUTLINE:    Budgets in Today’s Global Environment: An Overview ·         Organizational Planning and Control Framework ·         The Product / Information / Decision Support Cycle ·         Strategic, Tactical, and Operational Forecasts ·         Using Budget Models for Simulation Purposes ·         The recognition of risk in Models ·         Developing the Cash Budget Using Activity-Based Budgeting ·         Developing the ABB application model ·         Budgeting for Departments Vs. Budgeting for process ·         Defining Key Cost Drivers and Key Activities ·         Development of ABB Cost Standards ·         Developing the Activity-Based Budget Techniques of Strategic and Operational Cost Analysis ·         Cost behavior and breakeven analysis ·         Identifying fixed, variable and semi-variable costs ·         Application of Regression in the development of budgets ·         Building the financial simulation model using articulated financial statements ·         Building the financial simulation model using deterministic simulation ·         Building the financial simulation model using probabilistic (Monte Carlo) simulation Developing Manufacturing Standards ·         Material Standard ·         Labor Standard ·         Factory and Corporate Overhead Standard ·         Variance Analysis Using Excel to Define and Test Optimization Techniques in Models ·         Basic Structure of Optimization Models ·         Different Forms and Applications of Optimization Models ·         Developing a Financial Optimization Model ·         Sensitivity Analysis   WHO SHOULD ATTEND? Anyone with budgeting responsibility, as well as Mangers, superintendent, accountants and budget consultants