The public budget is one of the most important financial tools used by governments and organizations to determine spending priorities and allocate resources for various projects and services. Preparing the public budget requires a comprehensive understanding of the economic and financial variables that affect financial decision-making. In this course, the "General Budget, Methods of Preparation and Creation of related Financial Reports" course, offered by the British Academy for Training and Development, you will learn the foundations of preparing the public budget, monitoring it, and generating financial reports related to it. You will also learn how to use modern tools and techniques to ensure transparency and the effective allocation of resources in the public budget. The aim of this course is to equip participants with the knowledge and skills needed to prepare a comprehensive public budget, as well as build financial reports that assist in analyzing financial performance and making sound decisions.

Who Should Attend?

• Financial and accounting managers and specialists.
• Budget officers in public and private institutions.
• Financial planning department employees in companies and government institutions.
• Accountants and financial auditors.
• Students and professionals aspiring to enter the field of public budgeting and financial reporting.
• Financial consultants who wish to expand their skills in the field of budgeting.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Develop participants' skills in preparing the public budget according to best financial practices.
• Teach participants how to allocate resources effectively based on spending priorities.
• Improve participants' ability to prepare financial reports necessary for monitoring financial performance.
• Enable participants to use modern financial tools for planning and implementing budgets.
• Train participants on how to analyze variances between the budget and actual spending and provide accurate reports to officials.
• Enhance participants' understanding of the process of monitoring and evaluating the public budget periodically.

• Definition of the Public Budget

  • The concept and objectives of the public budget
  • The importance of the budget in financial planning and resource management
  • The role of the budget in achieving strategic goals for organizations

• Types of Public Budgets

  • Annual budget vs. multi-year budget
  • Operational budget vs. capital budget
  • The difference between a cash-based budget and an accrual-based budget

• Basic Steps in Preparing the Public Budget

  • Determining spending priorities and resource allocation
  • Collecting financial data from different departments
  • Analyzing data and preparing the necessary financial estimates

• Analysis of Expected Revenues

  • Estimating public revenues (such as taxes, fees, etc.)
  • Forecasting revenues based on historical data and market variables
  • Analyzing the impact of economic changes on expected revenues

• Analysis of Expenditures

  • Classifying government expenditures (public services, defense, health, education)
  • Determining expenditure priorities based on government policies
  • Evaluating the planned expenditure size versus expected revenues

• Preparing the Estimated Budget

  • Preparing budget drafts based on determined revenues and expenditures
  • Allocating resources for each budget item
  • Determining the expected deficit or surplus in the budget

• Monitoring Budget Execution

  • How to track budget implementation during the execution period
  • Tools and techniques to monitor the financial units' compliance with the established plans
  • The role of financial auditing in ensuring budget compliance

• Variance Analysis between the Budget and Actual Spending

  • How to compare financial forecasts with actual performance
  • Interpreting differences between the budget and actual spending
  • Strategies for adjusting the budget based on periodic analysis

• Corrective Actions in the Budget

  • How to identify the reasons behind the variance between the budget and actual spending
  • Making financial decisions necessary to modify the budget
  • Assessing the potential impacts of modifications on projects and programs

• Introduction to Financial Reports for the Budget

  • The importance of financial reports in understanding the financial position of the institution
  • Types of financial reports related to the budget (performance reports, monthly, annual reports)
  • The role of reports in improving financial transparency and accountability

• Preparing Annual Financial Reports

  • How to prepare a comprehensive financial report on budget implementation
  • Including analyses of surpluses or deficits in the financial report
  • Providing future financial forecasts in the report

• Analysis of Financial Report Results

  • How to analyze the results of the financial report
  • Providing recommendations to officials based on data in the reports
  • The importance of following up on financial reports to achieve budget goals

• Internal Control in Budget Preparation

  • The importance of internal control in ensuring the accuracy of budget preparation
  • Internal control tools in monitoring the budget during execution
  • Ensuring that the budget is aligned with public policies

• Financial Auditing and Inspection

  • The difference between financial auditing and external auditing
  • Procedures for auditing the public budget and verifying its validity
  • The importance of auditing in improving financial transparency

• Budget Evaluation and Process Improvement

  • How to evaluate the effectiveness of the budget after its implementation
  • Identifying areas for improvement in preparing future budgets
  • Strategies to reduce discrepancies and maximize the use of resources

• The Role of Technology in Improving Budget Preparation

  • Using specialized software for preparing the budget to facilitate analysis and decision-making
  • Tools and the impact of data analytics in providing precise budget insights
  • The role of digital financial systems in simplifying the data collection and analysis process

• Artificial Intelligence in Monitoring Financial Spending and Variance Analysis

  • Using artificial intelligence to track spending and ensure department compliance with the budget
  • Applying AI techniques to detect variances and predict future changes
  • Enhancing the ability to make financial decisions based on accurate and reliable data using AI

• Big Data Analysis in Improving Public Budget Management

  • The role of big data analysis in improving the accuracy of revenue and expenditure estimates
  • Using technological tools to extract valuable financial insights from large datasets
  • Applying big data to identify spending trends and develop strategies to reduce surpluses or deficits