Certified Budget Manager (CBM) Course

This training course aims to provide the trainee with the latest concepts, methods and skills necessary for planning, preparing, managing and analyzing short-term budgets (comprehensive budgets) and long-term budgets (capital budgets). In addition to studying and identifying the methods and skills necessary for forecasting, financial planning and preparing the expected financial statements. The course also includes studying concepts related to budgets, which include the concepts of cost management, performance analysis and responsibility accounting system. In addition, this course is considered a preparation for relevant international certificates such as (CMA, CPA, IFRS…).

Target groups for this course

Managers (analysts) budgets.
Financial managers and candidates.
Account heads.
Candidates for any of the previous positions.
Corporate managers and entrepreneurs.
Interested in international certificates in the field of accounting and financial management (CMA, CPA and IFRS).

Training topics to be studied
Part One: Concepts of Cost Management:

Basic concepts of cost management
Total and variable cost theory.
Indirect manufacturing cost allocation systems.
production order costing system
Production costs system.
Activity-based costing system.
Product life cycle costing system
Shared costing system.

Part Two: Comprehensive Budget and Estimated Financial Statements:

Forecasting and balancing sales (revenue).
production balancing
Purchasing Balance
Balance the use of materials.
Industrial wage balancing.
Balancing selling and marketing expenses.
Budgeting for general and administrative expenses
Operating budget (estimated income statement)
cash budget
Estimated cash flow statement
Estimated statement of financial position.

Part Three: Performance Management and Responsibility Accounting System:

The concept of responsibility accounting system
Components of a liability accounting system.
Decentralization and responsibility centers.
Planning balances
Standard costing system.
performance evaluation criteria.
Analyze static and elastic equilibrium deviations.
Evaluation of branch and department managers.
The rate of return on investment.
Excess profit rate

Part Four: Capital Budgets:

The concept of capital budgeting
cash flow concept
Preparing the capital budget
Methods and methods for evaluating investments
net present value method.
The internal rate of return method.
Payback period method
Discounted payback period method.
Accounting rate of return method (rate of return on investment).
Profitability index method.
break-even analysis