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Vienna

The Essentials of Budgeting & Business Finance

ID  327

Finance and Accounting Training Courses

Course: The Essentials of Budgeting & Business Finance

Vienna

Hotel Name
Hotel Meeting Room

02 Aug 2027 : 06 Aug  2027

25 Hours

Training Language : English

5450 USD

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About

Training Methodology

Introduction

The Seminar focuses on the internal view of an organization: strategic decision making, budgeting and cost control. The program will increase your understanding of the overall budgeting process and how it fits in to the strategic objectives of your organisation.

It is important that all professionals in every department understand the budget its linkage to the strategic objectives of the business and appreciate that it is a vital component of managing organizations. The budgeting process helps to create a culture of performance measurement and spread it throughout the organization in order to help the business meet its objectives.

The budget is an extremely powerful tool in:

  • Setting performance indicators

  • Achieving control over costs

  • Maintaining good cash flow

  • Making correct capital project decisions.

  • Motivating staff

 

Seminar Objectives

  • Understand the importance of linking finance with the business

  • Understand the purpose of budgets and their impact on the organisation.

  • Appreciate the place of the budget in strategic planning

  • Understand the motivational effects of budgets

  • Understand how budgets are used both for planning and for control

  • Understand how budget variance analysis can provide insight into the day to day operations of a business

 

Training Methodology

The seminar will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of  some of the budgeting concepts in an operations environment. Group discussions will form a major part of this seminar. Difficult mathematical concepts are minimized wherever possible and handled in a visual way that is easy to understand with examples demonstrated.

 

 

Organisational Impact

  • Increase financial awareness in the organization

  • The organization will be in a better position to develop useable budgets

  • Those attending will be in a position to lead others in budget preparation

  • Motivation will be improved

  • Cost control will be improved

  • Strategy & budgeting will be integrated

  • Financial and non-financial key performance indicators will be identified

 

Personal Impact

  • Delegates will feel more comfortable with terminology.

  • They will understand the linkages between budgeting & costing

  • The delegates will understand the control aspects of budgeting

  • The delegates will appreciate the motivational aspects of budgeting

  • They will understand how to discuss and communicate in budgeting terms

  • Delegates will understand how to link financial and non-financial measures

 

Who Should Attend?

  • The staff person who will be responsible for the budget system

  • Those who want to gain control of the firm’s financial standing and obtain a firm grasp on the numbers side of their job.

  • Anyone who wants to understand the basics of budgeting

  • Anyone who has the responsibility for   controlling  a budget and delivering performance targets

 

 Programme Outline

Day 1 – Strategy & Budgeting: Creating a “Business Finance” Culture

  • The difference between Managerial accounting and financial accounting

  • The key financial statements

    • Income statement

    • Balance sheet

    • Cash flow forecast

  • The complexity of managing contemporary organization

  • Strategic Plan, Budgeting, Costing and Management Control

  • Management Accounting for organizational control systems

  • Responsibility accounting and the process-view

  • The Budget and its role for achieving organizational targets

  • What is it the situation in your organization

  • Problems and Examples – Case study illustration

 

Day 2 – Issues of Budgeting

  • The Budget and its role for achieving organizational targets

  • The limits of the budget

  • The Master budget and it schedules

  • The motivational aspects of budgeting

  • The linkages between budgeting and costing

  • Cost classifications

  • Problems and Examples – Case study illustration

 

Day 3 – Costing for Budgeting Purposes

  • Cost terms and methodologies

  • Inventoriable vs. period costs

  • Manufacturing vs non-manufacturing costs

  • Variable vs. Fixed costs (CVP analysis)

  • The concept of Break Even and contribution analysis

  • Direct vs. indirect cost

  • Under-costing and Over-costing problems

  • Problems and Examples – Case study illustration

 

Day 4 – Flexible Budgets & Variance Analysis

  • The budgets and performance measurement as tools for communications

  • What is it the situation in your organization? How to improve it?

  • The imperative of value-creation: towards value-based budgeting

  • Describe the difference between a static budget and a flexible budget

  • Compute flexible-budget variances and sales-volume variances

  • Integrate continuous improvement into variance analysis

  • Cases, problems and exercises

 

Day 5 – Balanced Scorecards: Tools To Bring Finance In The Business

  • Bringing Finance in the Business by making the strategy visible

  • The balanced scorecard and its four perspective

  • Implementing the balanced scorecard

  • Setting Objectives and KPIs

  • Developing the Strategy Maps

  • Develop a Balanced Scorecard for your organization

  • Exercises and Case study

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:
    • ​ Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.
  • Scientific Assessment:
    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.
  • Brainstorming and Role-playing:
    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.
  • Practical Cases:
    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.
  • Final Evaluation and Certificates:
    • ​ A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality Training and Management Consultancy , provided they have completed at least 80% of the program days.
  • Training Materials:
    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.
  • Post-Training Follow-up:
    • European Quality Training and Management Consultancy provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.
  • Customized Training Programs:
    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.
  • Utilizing Technology:
    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.
  • Specialized Trainers:
    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.
  • Encouraging Participation:
    • ​ European Quality Training and Management Consultancy encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.
  • Focus on Personal Transformation:
    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.
  • Continuous Assessment:
    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.
  • Terms and Conditions:
    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.
  • Prices and Discounts:
    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality Training and Management Consultancy of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality Training and Management Consultancy is certified

ISO 9001-2015

Course Options

Training other dates & Locations
90
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Dublin
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Washington
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02 Nov 2026   :  06 Nov 2026
London
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Cyprus (Larnaka)
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09 Nov 2026   :  13 Nov 2026
Madrid
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Barcelona
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15 Nov 2026   :  19 Nov 2026
Kuwait
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Marrakech
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Beijing
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Amman
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27 Dec 2026   :  31 Dec 2026
Salalah
3450$
28 Dec 2026   :  01 Jan 2027
Boston
7450$
28 Dec 2026   :  01 Jan 2027
Moscow
5950$
03 Jan 2027   :  07 Jan 2027
Dubai
3250$
04 Jan 2027   :  08 Jan 2027
Roma
5450$
04 Jan 2027   :  08 Jan 2027
San Francisco
7450$
04 Jan 2027   :  08 Jan 2027
Zurich
5450$
11 Jan 2027   :  15 Jan 2027
Brussels
5450$
11 Jan 2027   :  15 Jan 2027
Prague
5450$
18 Jan 2027   :  22 Jan 2027
Dublin
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24 Jan 2027   :  28 Jan 2027
Dubai
3250$
25 Jan 2027   :  29 Jan 2027
Athens
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25 Jan 2027   :  29 Jan 2027
Milan
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California
7450$
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Washington
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07 Feb 2027   :  11 Feb 2027
Dubai
3250$
08 Feb 2027   :  12 Feb 2027
Berlin
5450$
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Hong Kong
5950$
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Copenhagen
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Beirut
2950$
22 Feb 2027   :  26 Feb 2027
Warsaw
4950$
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Dubai
3250$
01 Mar 2027   :  05 Mar 2027
Los Angeles
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Stockholm
5450$
11 Apr 2027   :  15 Apr 2027
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3250$
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Singapore
5950$
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Lisbon
5450$
26 Apr 2027   :  30 Apr 2027
Sydney
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3250$
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Cairo
2750$
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Riyadh
3450$
17 May 2027   :  21 May 2027
Madrid
5450$
24 May 2027   :  28 May 2027
London
5450$
30 May 2027   :  03 Jun 2027
Doha
3650$
31 May 2027   :  04 Jun 2027
Kuala Lumpur
4450$
06 Jun 2027   :  10 Jun 2027
Dubai
3250$
07 Jun 2027   :  11 Jun 2027
Tbilisi
4950$
07 Jun 2027   :  11 Jun 2027
Beijing
6450$
13 Jun 2027   :  17 Jun 2027
Amman
2950$
13 Jun 2027   :  17 Jun 2027
ON LINE
1750$
13 Jun 2027   :  17 Jun 2027
Kuwait
3650$
20 Jun 2027   :  24 Jun 2027
Dubai
3250$
21 Jun 2027   :  25 Jun 2027
Jakarta
4450$
27 Jun 2027   :  01 Jul 2027
Jeddah
3250$
27 Jun 2027   :  01 Jul 2027
Sharm El Sheikh
3250$
04 Jul 2027   :  08 Jul 2027
Dubai
3250$
05 Jul 2027   :  09 Jul 2027
Amsterdam
5450$
11 Jul 2027   :  15 Jul 2027
Casablanca
4450$
19 Jul 2027   :  23 Jul 2027
Florida
7450$
19 Jul 2027   :  23 Jul 2027
Paris
5450$
25 Jul 2027   :  29 Jul 2027
Dubai
3250$
26 Jul 2027   :  30 Jul 2027
Geneva
5450$
02 Aug 2027   :  06 Aug 2027
Vienna
5450$
08 Aug 2027   :  12 Aug 2027
Dubai
3250$
09 Aug 2027   :  13 Aug 2027
Munich
5450$
16 Aug 2027   :  20 Aug 2027
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22 Aug 2027   :  26 Aug 2027
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Result

+10 Courses

A

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ID 49

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ID 50

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ID 51

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ID 53

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At European Quality Training and Management Consultancy, we provide high-quality training and consultancy services to develop future leaders. With a team of skilled experts, we tailor programs to meet the needs of public and private sectors, grounded in quality, ethics, and social responsibility. Our client-focused approach ensures professionalism and sustainable outcomes.

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