Planning and Budgeting I: Budgeting Technology

Target Audience:Managers and company employees engaged in budgeting and subsequent analysis, Specialists who are responsible for implementing the company’s budgeting procedures based on separate division budget Duration:2 days, 16 academic hoursProvider:Venue:AEB office, Moscow, Krasnoproletarskaya ul. 16 bld. 3, entrance 8 (4th floor), nearest metro station - NovoslobodskayaLanguage:RussianCoach:Marina Poroshina
Marina Poroshina Marina Poroshina

Terms and Conditions

– The deadline for registration & payment is usually 5 days before the starting date of the course;
– Those who do not register and pay by the deadline will not be allowed to participate in the training;
– All payments are to be made by bank transfer;
– Once registration is closed, the fee is non-refundable.

 Training objectives and advantages

  •  To familiarize participants with budgeting technology
  •  To show how management accounting is linked to budgeting
  •  To give practical skills of budgeting for a trade and manufacturing company
  •  To examine the budgeting control system
  •  To familiarize participants with applied instruments of budget deviation analysis in terms of flexible budgeting

Training program

Day 1

  •  Definition of planning and budgeting. Main functions of budgeting. The place of budgeting in the whole system of planning in a company
  •  Phases of budget composition
  •  Approaches to budgeting (top to bottom, bottom-up, towards)
  •  Information providing of budgeting
  •  Methods of budget composition. Composition of a Master budget of a trade company.

Day 2

  •  Master budget of a manufacturing company:
    •  Sales budget
    •  Actual and sold production budget
    •  Purchase budget
    •  Balance of production stocks budget
    •  Operational expenses budget
  •  Budget control. Budget deviation analysis. Flexible budget techniques.
  •  Budgeting program products.

Training participants are provided with specially designed training materials in Russian.
The theory is illustrated by practical examples on personal computers. Training participants are provided with practical examples studied in electronic format that can be used in their practical work.