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Advance Approach on Traditional Tools in Budgeting
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Period |
28/11/2021 - 2/12/2021 |
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Place |
Dubai - UAE
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Fees |
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| All long and short-term business decision-making involves analyzing situations containing varying degrees of risk, and the available data may be erroneous containing ambiguities and errors. It is important to understand how costs behave so that realistic plans and budgets can be produced and appropriate financial resources made available.
Planning is crucial step for business success and budgets are one of the most widely used tools for planning and controlling by medium or large organizations in many parts of the world. Budgeting systems turns managers’ perspectives forward. A forward looking perspective enables managers to be in a better position to exploit opportunities. It also enables them to anticipate problems and take steps to eliminate or reduce their severity.
In this programme you will learn how to:
Strategically analysis the formulation of ling-run and short-run budgetIdentify the principal factors required to produce a successful business caseDevelop budgeting & financial skills required for better decision-makingIdentify sources of financial and business data to support the budgeting processLearn new techniques and methodologies to simulate typical business scenarios
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