Finance, Economics and Contracts

Budget Forecasting and Planning Process

Course Name:

Budget Forecasting and Planning Process

Course Objective:

The course includes an overview to the company business plan – mission, vision, goals & strategies – as a preliminary required step to budget preparation in addition to adequate illustrations to the nature of budget in joint venture companies specifically. Scientific principles as a basis for effective budgeting are covered together with an introduction to the responsibility accounting and its relationship with budget preparation. The course contains the cost estimating methods / tools used for better budgeting and how to Prepare master budget through three main modules, operating, capital & stock turnover budgeting.

Who Should Attend:

Accountants from Financial Depts, technical personnel are dealing with budget preparation.

Course Content:

 Special characteristics of oil & gas industry  Financial accounting system in Petroleum Sector  Budgets – Definitions, Types, Principles & Objectives  Cost estimates Methods – Actual Cost, Standard Costs & Breakeven Analysis  Capital budget – Exploration & Development  Operating budget – Production, Direct exp., Administration exp. & General services budget  Budget feed back reporting system & performance evaluation

Duration:

4 Days

Send To Friend

Save As Pdf

HR Help Page

Program Schedules

From	To	Location	Attendees
29-1-2012	01-2-2012	Cairo		Enroll