This program at the British Academy for Training and Development will focus on enhancing the efficiency of employees in financial control units and improving their professional performance. Participants will learn essential supervisory and financial skills based on program budgeting and performance evaluation. The training will cover financial control skills centered on assessing administrative and financial performance, and participants will practice skills related to financial indicators and quantitative measures within strategic plans.

Additionally, skills in cost-benefit analysis and expenditure feasibility will be developed. Participants will also study real-world cases related to financial control based on return and cost. The program will introduce the overall framework of budgeting, including its concepts, importance, economic, social, financial, and regulatory dimensions, along with preparation methods. They will learn to estimate budget components, such as revenues and expenses, following the governing rules for preparation and estimation.

Moreover, participants will acquire skills in classifying budgets based on various categorization principles. To maximize benefits, they will also be taught budget analysis skills using several techniques and models aimed at achieving effective control, performance evaluation, and analyzing budget efficiency and effectiveness, ultimately working towards public expenditure rationalization and enhancing operational efficiency while reducing budget deficits.

Target Audience:

• Senior Maintenance Engineers
• Senior Management in Maintenance Companies
• Executives in Maintenance Companies
• Engineers and Workers in the Field of Maintenance and Operations

Training Objectives:

• Understand the concept of budgeting, its functions, and the principles of preparing budgets specific to maintenance and operations.
• Familiarize with the regulatory and internal control systems related to maintenance and operations.
• Learn the role of analytical inspection and financial analysis in budget analysis.
• Discover the latest methods for creating maintenance budgets based on modern systems used in global maintenance companies.

Training Content Included in the Program:

• Budgeting in Maintenance and Operations: Its concept, functions, and principles of preparation.
• Internal Control Systems in Maintenance and Operations.
• Budget Auditing and Inspection Programs.
• Expenditure and Revenue Auditing Programs.
• Cash Operations Auditing Programs and Treasury Control.
• Auditing of Advances.
• Procurement Auditing Programs and Inventory Control.
• Trust Accounts and Custodial Accounts Auditing.
• Models for Monitoring the Implementation of Maintenance Plans.

Nature of Budgets:

• Concept and Importance of Budgets.
• Rules and Procedures for Budget Preparation.
• General Principles for Preparing and Using Budgets.
• Steps for Budget Preparation.
• Criteria for Classifying Budget Items.
• Modern Trends in Budget Preparation.
• Program and Performance Budgeting.
• Planning and Programming Budgeting.
• Zero-Based Budgeting.

Nature of Budget Inspection:

• Concept and Nature of Inspection.
• Comparison between Inspection and Auditing.
• Purposes of Inspection.
• Who Inspects Budgets and Final Accounts.
• Types of Inspection Operations.
• Steps for Inspecting Budgets and Final Accounts.
• Key Analytical Elements Involved in Budget and Final Account Inspection.
• Various Practical Cases.

Role of Analytical Inspection and Financial Analysis in Budget Analysis:

• Analytical Inspection of Budgets.
• Nature of Analytical Inspection Procedures for Budgets.
• Objectives and Timing of Analytical Inspection Procedures.
• Planning for Analytical Inspection Procedures.
• Extent of Reliance on Analytical Inspection Procedures for Budgets.
• Financial Analysis of Budgets.
• Concept and Importance of Financial Analysis.
• Uses of Financial Analysis.
• Methods of Financial Analysis for Budgets.
• Various Practical Cases.
• Modern Trends in Budget Analysis (Workshop).
• Program Effectiveness Analysis.
• Program Efficiency Analysis.
• Economic Analysis.
• Equity Analysis.
• Various Practical Cases.
• Evaluating the Efficiency and Effectiveness of Budgets.
• Concept of Budget Efficiency and Effectiveness.
• Types of Efficiency and Effectiveness.
• Requirements for Evaluating Efficiency and Effectiveness.
• Steps for Evaluating Efficiency and Effectiveness.
• Indicators for Measuring Efficiency and Effectiveness.
• Various Practical Cases.