Date of Training

Aug 16 & 17 - Dubai

Next Date

December 13 & 14 - Dubai
December 16 & 17 - Abu Dhabi

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Pricing Structure

Platinum Package send 4 delegates
784 USD per person

Gold Package send 2 delegates
882 USD per person

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Effective Financial Planning, Forecasting and Budgeting

Financial Planning, A Key to Success

As many organizations have recognized over the past year, costs are certainly not a constant factor. Although it is not possible to predict fluctuations in variable costs it is important to review trends and determine if certain costs are unnecessary.

 Take Aways

  1. Contribute effectively to the budgeting and
    forecasting of future plans of your department
    as well the organization

  2. Learn the budget planning processes, preparation, review control and modern day tools for budgeting and variance analysis..

  3. Discover and leverage on the different types of budgeting techniques that can be used in organizations.

  4. Insights into defining the “uncertainties” that affect companies’ ability to produce accurate budgets, and quantify this with stress-testing, what-if and scenario analysis techniques.

  5. Understand how to build budgets for the “real world”, allowing for flexibility and future change

Course Outline

Day One

Master Budget & Responsibility Accounting

  • Budgets and the Budgeting Cycle

  • Why Budget?

  • Strategic Plans and Operating Plans

  • Coordination and Communication

  • Framework for Judging Performance and Facilitating

  • Case Study: Scrimping at the Ritz

Organization Structure and Responsibility

  • Responsibility and Controllability

  • Human Aspects of Budgeting

    1. Top-Down Versus Participatory Budgeting

    2. Budgetary Slack

  • Budgeting in Multinational Companies

  • Tips for Negotiating Your Team’s Budget (Harvard Business Review)

Types of Budgeting

  • Short-Term Versus Long-Term Budgets

  • Fixed Versus Rolling Budgets

  • Incremental Versus Zero-Based Budgeting

  • Kaizen Budgeting

  • Master Budget

  • Tips for Setting Assumptions

  • Group Discussion: Web-Enabled Budgeting and Hendrick Motorsports

Flexible Budgets & Control

    Case Study: The NBA: Where Frugal Happens

  • Static Budgets and Variances

  • The Use of Variances

  • Static Budgets and Static-Budget Variances

  • Flexible-Budget Variances and Sales-Volume Variances

  • Sales-Volume Variances

  • Flexible-Budget Variances

  • Price Variances and Efficiency Variances for Direct-Cost Inputs

  • Obtaining Budgeted Input Prices and Budgeted Input Quantities

  • Group Discussion: Starbucks Reduces Direct-Cost Variances to Brew a Turnaround

    Case Study: How Zipcar Helps Reduce Twitter’s Transportation Costs

  • Cost-Behavior Patterns: Variable Costs and Fixed Costs

  • Cost Drivers

Day Two

Tips for Effective Budgeting (Harvard)

In Action: Moose Head Division, Amalgamated Hat Rack (Harvard Case)

  • Prepare expected

    1. Revenue

    2. Costs of Goods Sold

    3. Operating Income

    4. Alternative Scenario

  • Sensitivity Analysis

Cash Budgeting

  • Receipts & Discemments

  • Collection and Payments

  • Case Study: Cash Budgeting (Harvard)

Sensitivity Analysis

  • Capacity Levels

  • Additional finds requirement

  • Exception Growth

  • Understanding Asset Turnover

  • Case Study: Glow n’ Grow Manufacturing

Capital Budgeting & Analysis I

    Case Study: Target’s Capital Budgeting Hits the Bull’s Eye

  • Stages of Capital Budgeting

  • Discounted Cash Flow

  • Net Present Value Method

  • Internal Rate-of-Return Method

  • What to Rely NPV of IRR

Capital Budgeting & Analysis II

  • Playback Method

  • Uniform Cash Flows

  • Non-Uniform Cash Flows

  • Categories of Cash Flows

  • Customer Value and Capital Budgeting

  • Group Discussion: International Capital Budgeting at Disney

 Course Director

Zaid Bin Zeeshan


Zaid is a Certified Public Accountant (CPA) as well as a Certified Information Systems Auditor (CISA) and a Chartered Global Management Accountant (CGMA), from the USA. He is also a certified Six Sigma Green Belt. He has over 14 years of experience in auditing, accounting, finance, taxation and inventory management as well as extensive experience in conducting focused in-house training courses in USA and Pakistan. He is currently the CEO of Inclusive Consulting, which is a management consulting company based in UAE. He uses his varied experience and knowledge base to adopt a very practical approach in conducting training courses, providing participants easy to use tools / tips.

He started his career in public accounting in USA where he spent more than 6 years specializing in auditing and accounting services to various high profile clients including governmental and not-for-profit entities. He was associated with Baker Tilly Virchow Krause and Deloitte & Touche in USA.
He has also worked in Pakistan n with Engro Corporation, one of the largest private sector conglomerate in Pakistan. He spent 8 years with them in various different roles being associated with the parent company as well as multiple business subsidiaries including fertilizer manufacturing, rice manufacturing, consumer goods
and commodity trading. He served as Head of Finance for consumer goods subsidiary and CFO of their commodity trading and rice manufacturing companies. Zaid is a member of American Institute of Certified Public Accountants (AICPA), Information Systems Audit and Control Association (ISACA) and Association of International Certified Professional Accountants.


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