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1 Advanced Budgeting Workshop Page 1 of 8

2 Why Attend 'Advanced Budgeting Workshop' is the second level course in budgeting after Meirc's 'Effective Budgeting and Cost ' course. It goes beyond the theory of budgeting as a concept to cover specific steps to make the budget a value-added process in the organization. By building user-friendly models and applying scenario analysis, management will spend less time gathering data and more time analyzing this data for decision making. Several Microsoft Excel tools are used throughout this course to make it practical and to provide participants with the skills needed to apply these tools in their organization immediately. Such tools include 'what-if' analysis and the 'solver', among many others. The course also highlights some of the main forecasting models and the detailed evaluation of capital budgeting techniques, all of which are applied in Microsoft Excel and put into practice. Course Methodology The course is a hands-on application on how to use MS Excel in budgeting and forecasting. Participants will be involved in exercises, individual and group presentations, and will work on several case studies. Course Objectives By the end of the course, participants will be able to: Evaluate the budgeting process in their organizations and recommend improvements Create budget templates and models for their departments or organizations Apply several forecasting techniques to better manage uncertainties in budgeting Evaluate capital budgeting decisions using several methods and recommend proper action Utilize Microsoft Excel functions and tools in the budgeting process including breakeven analysis and optimization Target Audience Finance directors, managers, controllers, accountants, budget analysts, budget owners and professionals who wish to expand their budgeting knowledge. Target Competencies Budgeting Building models in Microsoft Excel Forecasting Evaluating proposals Applying Microsoft Excel functions and tools Assessing budgeting process Note This is a hands-on training course using laptops which will be provided by Meirc for the duration of the course. Course Outline Budgeting and planning The budget and the functions of management Budget as a planning tool Budgets and the key financial statements The top-down versus bottom-up process Budget cycle, process and approaches The budget cycle Characteristics of successful budgeting Making the budget a value-adding activity Top ten problems with budgeting Choosing the proper budgeting approach: Incremental budgeting Page 2 of 8

3 Zero-based budgeting Flexible budgeting Kaizen budgeting Activity based budgeting Rolling (continuous) budgets and forecasts The master budget and its components Operating and capital budgets Best practices in budgeting Creating a user friendly budget template Forecasting techniques Forecasting models Qualitative and quantitative methods Steps in developing forecasting models Time series and trend analysis Data conditioning techniques Exponential smoothing and moving averages Simple and multiple regression analysis Advanced capital budgeting evaluation techniques Business risk and cost of capital Classifying investment projects Cash flow estimation Analyzing investment and operating cash flows The time value of money concept The required rate of return Net Present Value (NPV) Internal Rate of Return (IRR) Multiple internal rates of return Modified Internal Rate of Return (MIRR) Profitability Index (PI) Payback period and discounted payback period Capital rationing Comparing and evaluating techniques Sensitivity and risk analysis Breakeven analysis and optimization techniques Cost Volume Profit (CVP) analysis Using CVP to reach a target income Single product and multiple products breakeven analysis Working with budget constraints Building optimization models Page 3 of 8

4 Associations National Association of State Boards of Accountancy (NASBA) : Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website Location & Date Nov, 2018 Raffles Fees: US$ (including coffee breaks and a buffet lunch daily) Per participant Per participant Fees + VAT as applicable Tax Registration Number This course is worth 25 NASBA CPEs Page 4 of 8

5 Courses in ning and Strategy Management Dates Course Name Sep, Sep, Sep, 2018 ning, Organizing and for Optimal Results Beirut US$ Oct, 2018 The Certified Business Analyst Professional US$ Oct, Oct, 2018 Strategy Management in the Public Sector 28 Oct - 1 Nov, Oct - 1 Nov, Nov, 2018 Certificate in Key Performance Indicators (KPIs) US$ Nov, 2018 The Effective Analyst: From Research to Nov, 2018 Business Continuity Management US$ Nov, 2018 US$ Nov, Nov, 2018 The Balanced Scorecard: Achieving Performance Excellence 2-6 Dec, Dec, 2018 Shaping the Future: Tools for Developing Strategic Foresight 9-13 Dec, Dec, Dec, Dec - 3 Jan, Jan, Feb, Feb, 2019 Language Location Fees Page 5 of 8

6 Courses in ning and Strategy Management Dates Course Name Feb, Feb, Feb, 2019 Certificate in Key Performance Indicators (KPIs) 3-5 Mar, 2019 Business Continuity Management US$ Mar, Mar, 2019 The Balanced Scorecard: Achieving Performance Excellence Mar, 2019 Developing Effective Public-Private Partnerships (PPPs) Mar, Mar - 4 Apr, 2019 Shaping the Future: Tools for Developing Strategic Foresight 7-11 Apr, Apr, Apr, 2019 Certified Crisis Management Professional US$ Apr - 2 May, Jun, Jun, 2019 Certificate in Key Performance Indicators (KPIs) 30 Jun - 4 Jul, 2019 The Certified Business Analyst Professional 7-11 Jul, Jul, 2019 Strategic Decision Making in Competitive Environments Jul, 2019 Building and Presenting a Powerful Business Case 4-8 Aug, Aug, 2019 Barcelona 8-12 Sep, 2019 Istanbul Sep, 2019 Language Location Fees Page 6 of 8

7 Courses in ning and Strategy Management Dates Course Name Language Location Fees 29 Sep - 3 Oct, 2019 Abu Dhabi 6-10 Oct, 2019 Competitive Strategies and Value Innovation 6-10 Oct, 2019 Cairo Oct, 2019 The Balanced Scorecard: Achieving Performance Excellence Oct, 2019 Business Continuity Management US$ Oct, 2019 The Effective Analyst: From Research to Oct, Oct, 2019 Strategy Management in the Public Sector 3-7 Nov, Nov, Nov, Nov, 2019 Certificate in Key Performance Indicators (KPIs) Nov, 2019 Developing Effective Public-Private Partnerships (PPPs) Nov, Dec, 2019 The Certified Business Analyst Professional 2-4 Dec, 2019 Business Intelligence and Data Analysis Workshop Beirut US$ Dec, 2019 Shaping the Future: Tools for Developing Strategic Foresight Dec, 2019 Certified Crisis Management Professional US$ Dec, Dec, Dec, Dec, Dec, 2019 Conducting Successful Business Reviews US$ 3600 Page 7 of 8

8 Courses in ning and Strategy Management Dates Course Name Language Location Fees Page 8 of 8