AFE BUDGET PREPARATION

ACARA

20 – 23 April 2020 | Rp 8.750.000/ peserta di Jakarta
04 – 07 Mei 2020 | Rp 8.750.000/ peserta di Jakarta
22 – 25 Juni 2020 | Rp 8.750.000/ peserta di Jakarta

Jadwal Training 2020 Selanjutnya …

INTRODUCTION

The Cource focuses on the internal view of an organization: planning, cost, and control systems, risk management in project appraisal, and integrated planning and control systems. Successful firms plan their future. This course will facilitate your understanding of the planning process with budgeting woven in followed by those very important control mechanisms to enhance performance.

OBJECTIVES:

1. Determine full costs of outputs for the goods and services provided
2. Conduct a Cost Volume Analysis (CVA), applying it to multiple cost drivers to make recommendations for program management
3. Apply Variance Analysis as a management tool to analyze performance-based budgets and determine where you stand in achieving your performance goals
4. The purpose of budgets
5. Types of budget
6. Stages of preparation
7. Cash budgets — cash flow forecasts
8. Master budgets and Balance Sheet
9. Initial steps in constructing a spreadsheet model
10. Relevant costs
11. Overheads
12. Allocation
13. Appointment
14. Basic contribution analysis
15. Break even analysis
16. Marginal revenue and Marginal Cost

COURCE  BENEFIT

Company / Organisational Impact

1. The organization will be in a better position to develop useable budgets
2. Those attending will be in a position to lead others in budget preparation
3. Learning will be enhanced
4. Wasted time will be reduced
5. Strategy & budgeting will be integrated

Personal Impact

1. Delegates will feel more comfortable with terminology
2. They will understand the budgeting methods most useful to them
3. They will understand how to construct a relevant and efficient budget from raw data
4. The delegates will learn to evaluate the usefulness of costing techniques in accurately calculating and ensuring profitability
5. They will appreciate the factors which affect the reliability of accounting information

WHO SHOULD ATTEND?

• Project Manager
• Project Engineering
• Project Planning & Cost Engineer
• Cost Engineer & Estimator
• Disciplines Engineering Leader
• Finance Project Executive
• Cost Accounting
• The staff person who will be responsible for entering data into the budget system or training others how to enter information
• Al executives involved in technical projects Budeting & Cost Control

RECOMMENDATION:

Please bring Laptop & Calculator to Class to follow practical case studies ……!!!

AFE BUDGET PREPARATION TRAINING MATERIAL OUTLINE

1. BUDGETING & MANAGEMENT PROCESS
2. What is a budget
3. Why create budgets
4. Strategy – direction and vision
5. Implementing strategy – the operational planning process
6. Budgets – the financial expression of the operating plan
7. The purpose of budgets – control
8. The human side of budgeting
9. Case study, part 1- roles and responsibilities of the team
10. THE FRAMEWORK FOR BUDGETING
11. Elements of the budget framework
12. The financial statements
13. Advantages and limitations of budgets
14. Reporting – The key control
15. Developing the Revenue Budget

• Operating versus non-Operating revenue
• Revenue recognition versus sales
• Sales forecasting
• Profitable growth and the cost of capital
• Pricing consideration

Case study, part 2- the sales forecast & preparation of financial statement

1. BUDGETING COSTS AND EXPENSES
2. Cost, profit, volume relationships
3. Cost of service provided
4. Operating expenses – selling, G/A, R/D
5. Directly variable expenses
6. Fixed expenses
7. The allocation problem
8. Assignable and non-assignable expenses
9. EBIT, EBITDA

Case study, part 3- budgeting operating profit

1. ACCOUNTABILITY FOR RESULTS
2. The business unit statement
3. Variance analysis
4. Priorities
5. Long term versus short-term results
6. Contingency plans
7. How not to cut a budget

Case study, part 4- the profit center statement

1. BUILDING THE BALANCE SHEET
2. Key financial ratios
3. The capital budget
4. NPV
5. IRR
6. PI
7. The cost of capital and hurdle rate
8. CASH FLOW

• Budgeting cash requirements
• Developing a cash flow forecast
• The three sources of cash
• Free cash flow
• The completed budget

Case study, part 5- investment decision – lease or buy, make or buy

INSTRUCTOR :   Pulung Susilo Rahardjo

VENUE :  Jakarta (Maxone Hotel Menteng, Balairung Hotel Matraman, Sentral Hotel, Haris Tebet, Gd Muamalat Institute, Ibis Manggadua, Little Amaroossa Residence, Cosmo Amaroossa, Zodiak MT. Haryono, Grand Tjokro)

DURATION :   4 days

JADWAL TRAINING 2020

1. 20 Apr 2020-23 Apr 2020
2. 04 Mei 2020-07 Mei 2020
3. 22 Jun 2020-25 Jun 2020
4. 20 Jul 2020-23 Jul 2020
5. 24 Agust 2020-27 Agust 2020
6. 21 Sep 2020-24 Sep 2020
7. 26 Okt 2020-29 Okt 2020
8. 23 Nop 2020-26 Nop 2020
9. 21 Des 2020-24 Des 2020

INVESTMENT/PERSON :

1. 8.750.000/person (full fare) or
2. 8.500.000/person (early bird, payment 1 week before training) or
3. 8.250.000/person (if there are 3 persons or more from the same company)

FACILITIES FOR PARTICIPANTS :

1. Training Module
2. Flash Disk contains training material
3. Certificate
4. Stationeries: NoteBook and Ballpoint
5. T-Shirt
6. Backpack
7. Training Photo
8. Training room with full AC facilities and multimedia
9. Lunch and twice coffeebreak everyday of training
10. Qualified instructor

AFE BUDGET PREPARATION SKILLS OF OIL & GAS PROJECTS

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