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The Implementation of Budgets & Analysis of Deviations


Summary

In today's competitive business world, you must understand the principles of accounting and how they affect your daily activities. So, we'll give you a detailed guide to accounting principles that highlights the key financial issues that you should always know and follow. Accounting is said to be the "language of the business world" as it is the process of analyzing, recording and processing a company's financial data by using a particular accounting program or system. Accounting is performed to provide financial information about the company, so it helps you know how well your company's financial system is and how it will continue in the future.

When all transactions are documented during the accounting period, three types of financial reports are issued to be used to make appropriate decisions for the company. These financial reports are divided into:

Income statement: It is also called the profit or loss statement. This list shows whether the company's operations achieve financial profit or loss and identify areas where there is a lot of expense.

Budget: This report gives an overview of the work as a whole. It shows the value of the Company's assets, the financing method and the value of shareholders' equity at a specified point in time. Statement of financial flows: This list provides owners and managers with a report on the cash flow activities of the company over a specified period of time. To ensure continuity in the future, companies need to have healthy money flowing.

As a company owner or manager, understanding accounting principles can push your company forward or backward ... but of course it depends on the decisions you make! It is important to be able to count the resources you own, rather than simply saying, "I have many resources." Accountability provides clarity to improve decision-making. So, understand your numbers so that you can support your results in the future.

Objectives and target group

After completing the program, participants will be able to master the following topics:

  • Foundations of accounts according to the basis of merit:
  • Settlement of accounts.
  • Adjustment of expenses.
  • Revenue settlement.
  • Determination of receivables and introductions.
  • Prepare balance sheets for review after settlement.
  • Various practical applications.
  • Closing accounts, preparing final accounts and preparing financial files.
  • The work of controls for settlement.
  • Making controls to end accounts.
  • Identify advanced tools to predict future financial performances and successes and failures of countries.
  • Identification of the practical damages caused by the mathematical treatments.
  • This course also provides the required set of data for using the planning budget.
  • Teaching control methods, control of real problems and practical application.
  • Introducing trainees to the basic terms of accounting and information flow of accounting through good systems and in accordance with international standards.
  • Provide the trainee with the methods of registering and migrating accounting entries.
  • Acquire the skills to implement the performance of the financial time.
  • Acquire the skills to close and create accounts for the end and create budgets in accordance with the international standards.
  • Understand financial information and the importance and usefulness of each financial statement.

Course Content

  • Accounting systems of the governmental economic authorities and general authorities.
  • Traditional and developed systems of financial control; both effectively and efficiently.
  • Accounting business findings inside the government and the general economy institutions.
  • Administrative facilities.
  • Top management ranks.
  • National accountant.
  • Stages we go through when preparing and presenting financial reports:

Principles of Report Preparation and Presentation:

  • Consolidation
  • Generalization and Non-Specification.
  • Report Presentation Methods:
  • Digital presentation method.
  • Diagrammatic presentation method.
  • Using "Z" method.
  • Developing applications on computer and workshops.
  • Skills of report preparation and presentation in order to develop plans and general budgets.
  • Current budgets for materials and utilization.
  • Capital budgets.
  • Problems occurring while general project and their feasibility are explored and assessed.
  • Skills to prepare and present the report for follow ups and financial control issues.
  • Treasuries and stores control.
  • Disbursements control.
  • Procurement supervision and control of permanent or interim loans, custodies and trusts.
  • Skills of report preparation and presentation in order to assess the competencies inside the government facilities and the general economy authorities.
  • Main definitions of disbursement economics and costing.
  • Problems we encounter while preparing and presenting reports.
  • Workshop
  • Copies of reports already prepared inside the government facilities and general economy authorities.
  • Skills of auditing the accounts statements of the government facilities and general economy authorities.
  • Programs for expenses and revenues statements inside the government facilities and general economy authorities, as well as assets and liabilities items' statements programs.
  • Skills of auditing the accounts statements of the government facilities and general economy authorities.

Main pillars of the General Budget 
1- It is a future plan for the coming periods of time.
2- The budget is not a goal, it's rather a tool and translation of the plans and objectives that the Management seeks to reach, through the interpretation of objectives into financial and quantitative figures.

Main objectives of the General Budget
1- Planning.
2 - Controlling over the implementation of operations.
3- Evaluating performance and granting incentives.
4- Facilitation of communication and coordination between different departments
5 - Distribution of available resources on different sections, as needed.

Course Date

2024-07-15

2024-10-14

2025-01-13

2025-04-14

Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£3800 / Member

Members NO. : 2 - 3
£3040 / Member

Members NO. : + 3
£2356 / Member

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