{"id":19866,"date":"2021-07-25T18:10:29","date_gmt":"2021-07-25T14:10:29","guid":{"rendered":"https:\/\/www.blueoceanacademy.com\/?page_id=19866"},"modified":"2021-07-25T18:10:29","modified_gmt":"2021-07-25T14:10:29","slug":"budgeting-planning-management","status":"publish","type":"page","link":"https:\/\/www.blueoceanacademy.com\/ar\/budgeting-planning-management\/","title":{"rendered":"Budgeting Planning Management"},"content":{"rendered":"<p><strong>Course Outline<\/strong><\/p>\n<p><a href=\"https:\/\/www.blueoceanacademy.com\/wp-content\/uploads\/2021\/07\/budgeting-planning-abu-dhabi-uae.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-19867\" src=\"https:\/\/www.blueoceanacademy.com\/wp-content\/uploads\/2021\/07\/budgeting-planning-abu-dhabi-uae.jpg\" alt=\"\" width=\"800\" height=\"450\" \/><\/a><\/p>\n<p><strong>Planning for Success<\/strong><\/p>\n<ul>\n<li>What are planning strategies?<\/li>\n<li>Work with the planning cycle<\/li>\n<li>Mission<\/li>\n<li>Strategic analysis<\/li>\n<li>Strategic choice<\/li>\n<li>Strategic implementation<\/li>\n<li>Corporate objectives<\/li>\n<li>Corporate value and shareholder value<\/li>\n<li>The agency problem and corporate governance<\/li>\n<li>Planning requirements and working capital<\/li>\n<li>Plan outline<\/li>\n<li>Financial planning for growth<\/li>\n<li>Financial modelling<\/li>\n<li>Development of the key performance indicators (KPIs)<\/li>\n<li>The balanced scorecard<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>The Forecasting Process<\/strong><\/p>\n<ul>\n<li>Determine the purpose and objective of the forecast<\/li>\n<li>Analysing data<\/li>\n<li>Statistical analytical tools<\/li>\n<li>Quantitative analysis and forecasting<\/li>\n<li>Forecasting techniques<\/li>\n<li>Univariate analysis models: time series; moving averages; exponential smoothing; trend progression<\/li>\n<li>Causal analysis models \u2013 regression analysis<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>The Nature and Behaviour of Costs<\/strong><\/p>\n<ul>\n<li>Cost behaviour<\/li>\n<li>What is cost?<\/li>\n<li>What is an activity?<\/li>\n<li>Cost classification<\/li>\n<li>Fixed costs and stepped fixed costs<\/li>\n<li>Variable costs and semi-variable costs<\/li>\n<li>Notional costs<\/li>\n<li>Cost allocation<\/li>\n<li>Product costs and period costs<\/li>\n<li>Product costing for inventory valuations and profit ascertainment<\/li>\n<li>Absorption costing<\/li>\n<li>Cost \/ volume \/profit (CVP) and \u2018what-if\u2019 analysis<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>The Budgeting Process<\/strong><\/p>\n<ul>\n<li>Why do we budget? &#8211; the purposes of budgeting<\/li>\n<li>Planning and control<\/li>\n<li>Budgeting for sales and costs<\/li>\n<li>Stages in the budget process<\/li>\n<li>Budget preparation process<\/li>\n<li>Accounting for headcount and labour costs in the budget model<\/li>\n<li>Accounting for depreciation in the budget model<\/li>\n<li>Putting the budget together<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Budgetary Control<\/strong><\/p>\n<ul>\n<li>Standard Costing<\/li>\n<li>The purposes of standard costing<\/li>\n<li>Flexed budgets<\/li>\n<li>Variance analysis<\/li>\n<li>The reasons for variances<\/li>\n<li>Planning and operating variances<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Projecting Expenses \u2013 Activity Based Costing (ABC) And Activity Based Budgeting (ABB)<\/strong><\/p>\n<ul>\n<li>The activities that cause costs<\/li>\n<li>Processes and activities<\/li>\n<li>Under- and over-costing \u2013 product cost cross subsidisation<\/li>\n<li>Activity based costing (ABC)<\/li>\n<li>Refinement of the costing system<\/li>\n<li>ABC and cost management<\/li>\n<li>Design of ABC systems<\/li>\n<li>The cost hierarchy and cost drivers<\/li>\n<li>Advantages and disadvantages of ABC systems<\/li>\n<li>From traditional budgeting to activity based budgeting (ABB)<\/li>\n<li>The ABB process<\/li>\n<li>Motivation and the behavioural aspect of budgeting<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>The Time Value of Money<\/strong><\/p>\n<ul>\n<li>The impact time has on the value of money<\/li>\n<li>Future values and compound interest<\/li>\n<li>Present values<\/li>\n<li>Discounted cash flow (DCF)<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Evaluating Capital Project Proposals<\/strong><\/p>\n<ul>\n<li>Various types of capital projects<\/li>\n<li>Capital project evaluation<\/li>\n<li>Capital investment project appraisal<\/li>\n<li>Accounting rate of return (ARR)<\/li>\n<li>Payback method<\/li>\n<li>Net present value (NPV)<\/li>\n<li>Internal rate of return (IRR)<\/li>\n<li>Discounted payback method<\/li>\n<li>Choosing the right investment appraisal method<\/li>\n<li>Equivalent annual cost (EAC) method<\/li>\n<li>Modified internal rate of return (MIRR)<\/li>\n<li>Capital budgeting methods<\/li>\n<li>Capital rationing<\/li>\n<li>Profitability index (PI)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Putting the Pieces Together &#8211; The Budget<\/strong><\/p>\n<ul>\n<li>Long- and short-term funding<\/li>\n<li>Sources of finance<\/li>\n<li>Capital cost models<\/li>\n<li>Cost of equity<\/li>\n<li>Cost of debt<\/li>\n<li>Weighted average cost of capital (WACC)<\/li>\n<li>Risk and the cost of capital<\/li>\n<li>Capital asset pricing model (CAPM) and the beta factor<\/li>\n<li>Optimal capital structure<\/li>\n<li>Capital structure models<\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Budget Re-projection \u2013 Evaluating Risk And Uncertainty<\/strong><\/p>\n<ul>\n<li>Risk and uncertainty decision rules<\/li>\n<li>Worst and best case scenarios<\/li>\n<li>The value of perfect information (VOPI)<\/li>\n<li>Analysing risk: expected values; standard deviation<\/li>\n<li>Sensitivity analysis<\/li>\n<li>Simulation model<\/li>\n<li>Scenario analysis<\/li>\n<li>NPV break-even<\/li>\n<\/ul>\n[wpforms id=&#8221;20008&#8243;]\n","protected":false},"excerpt":{"rendered":"<p>Course Outline Planning for Success What are planning strategies? Work with the planning cycle Mission Strategic analysis Strategic choice Strategic implementation Corporate objectives Corporate value and shareholder value The agency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"class_list":["post-19866","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v26.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budgeting Planning Management - Blue Ocean Academy<\/title>\n<meta name=\"description\" content=\"A budget is a plan showing the company\u2019s objectives and how management intends to acquire and use resources to attain those objectives\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.blueoceanacademy.com\/ar\/budgeting-planning-management\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budgeting Planning Management\" \/>\n<meta property=\"og:description\" content=\"A budget is a plan showing the company\u2019s objectives and how management intends to acquire and use resources to attain those objectives\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.blueoceanacademy.com\/ar\/budgeting-planning-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Blue Ocean Academy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BlueOceanAcademy\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.blueoceanacademy.com\/wp-content\/uploads\/2021\/07\/budgeting-planning-abu-dhabi-uae.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@blueoceantrg\" \/>\n<meta name=\"twitter:label1\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 \u062f\u0642\u0627\u0626\u0642\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.blueoceanacademy.com\/ar\/budgeting-planning-management\/\",\"url\":\"https:\/\/www.blueoceanacademy.com\/ar\/budgeting-planning-management\/\",\"name\":\"Budgeting Planning Management - 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