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Duration 2 days/ 16 academic hours/ 12 CPD units/ 14 СPE credits / 16 PDU units Planning and Budgeting I: Budgeting Technology Who should attend Managers and company employees engaged in budgeting and subsequent analysis Specialists who are responsible for implementing the company’s budgeting procedures based on individual division budgets. Objectives To familiarize participants with budgeting technology To show how management accounting is linked to budgeting To learn practical skills in budgeting for a trade and manufacturing company To review control tools built in budgeting system To familiarize participants with applied instruments of budget deviation analysis. Training methodology Training participants are provided with specially designed training materials in Russian. Training material is illustrated by practical examples on personal computers. Participants are provided with practical examples in electronic format that can be used in their practical work.

Planning and Budgeting I: Budgeting Technology · Planning and Budgeting I: Budgeting ... Planning and Budgeting I: Budgeting Technology 2 ... Budget deviation analysis. Flexible

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Page 1: Planning and Budgeting I: Budgeting Technology · Planning and Budgeting I: Budgeting ... Planning and Budgeting I: Budgeting Technology 2 ... Budget deviation analysis. Flexible

Duration

2 days/ 16 academic hours/ 12 CPD units/ 14 СPE credits / 16 PDU units

Planning and Budgeting I: Budgeting Technology Who should attend

Managers and company employees engaged in budgeting and subsequent analysis

Specialists who are responsible for implementing the company’s budgeting procedures based on individual division budgets.

Objectives

To familiarize participants with budgeting technology

To show how management accounting is linked to budgeting

To learn practical skills in budgeting for a trade and manufacturing company

To review control tools built in budgeting system

To familiarize participants with applied instruments of budget deviation analysis.

Training methodology

Training participants are provided with specially designed training materials in Russian.

Training material is illustrated by practical examples on personal computers.

Participants are provided with practical examples in electronic format that can be used in their practical work.

Page 2: Planning and Budgeting I: Budgeting Technology · Planning and Budgeting I: Budgeting ... Planning and Budgeting I: Budgeting Technology 2 ... Budget deviation analysis. Flexible

Planning and Budgeting I: Budgeting Technology 2

How to apply?

Please complete the registration form online

at our web site: http://bit.ly/2ePIADJ

Training outline

Day 1

Definition of planning and budgeting. Budgeting as a function. The role of budgeting in the Company’s system of planning

Phases of budget preparation

Approaches to budgeting (top to bottom, bottom-up, towards)

Information flows supporting budget process

Methods of budget composition. Composition of a Master budget of a trade company.

Day 2

Master budget of a manufacturing company:

Sales budget

Cost of production and sales budget

Purchase budget

Stock closing balances budget

Operational expenses budget

Budget control. Budget deviation analysis. Flexible budget techniques

Software supporting budget process.

Certificates

Certificates of the EY Academy of Business.

Place and time

Open trainings are conducted at EY Academy of Business from 9:30 to 16:30.

In-company training

Preliminary analysis of clients’ training needs, identification of aims and goals

Adaptation of training materials to industry specifics

Flexible approach to training location and schedules

Report on the training results is available upon request.

Recommended training scheme

Financial Analysis I-II

Planning and Budgeting I

Planning and Budgeting II

Management decisions: costs, profits, prices

Performance Management

Internal Control: Fundamentals of Theory and Practice

Risk Management