About the Special Executive Masters Programme

The MSBM Special Executive Masters Programme is short certificate modules designed for anyone who would benefit from more in-depth business knowledge delivered in a short and intensive programme. This programme is suitable for successful professionals or specialist in the private, public or non-profit making sectors that have new management responsibilities and need to quickly expand their management knowledge.

The (SEMP) programme serves as a refresher course for those who have had their Masters a long time ago and need a quick reminder or as an academic update while it serves as a crash programme for those very experienced professionals who never made time out for their masters yet they require the academic and practical relevance of this masters’ experience. It is a good programme for individuals who are newly promoted to the managerial post, the program enables them to acclimatise to the new position as well as help them intake the right decisions.


Objectives

• Acquire best practices in budgeting
• Understand the strategic role of cost concepts
• Explain the cost concepts to the use of cost information for management control
• Describe the role of budgets in the management process
• Discuss the importance of strategy and its role in the master budget
• Prepare a master budget and explain the interrelationships among its supporting schedule
• Understand zero-base, activity-based, and kaizen approaches to budgeting
• Explain the essence of control systems
• Develop flexible budgets for evaluating short-term financial performance
• Identify different cost control measures
• Measure and evaluate the performance

Who Should Attend

All levels of Management, Executives and Team Leaders, who manage work teams or employees and who are responsible for creating a conducive work environment infused with positive culture to engage employees.

Modules

Day 1

• Project management methods
• Budgeting Overview
• The budgeting process
• How and whom to engage
• Budgetary statements
• Budgeting Methods
• Top-down & bottom-up budgeting
• Zero-based versus activity-based budgeting

 

Day 2

• Types of Budgets
• Departmental budgets
• Cash budgets
• Capital and operating budgets
• Master budgets

 

Day 3

• Types of Costs
• Fixed & variable costs
• Controllable & uncontrollable costs
• Budgeting and Forecasting
• Creating a forecast for revenue and expenditure
• Rolling forecast as a catalyst for change

 

Day 4

• Variance reporting template
• Reporting template
• Financial and non-financial (KPIs)
• Annual Budget and Forecasting Cycle
• Budget and forecasting timetable

 

Day 5

• The different types of reports and their use
• Risk Management
• Risk management in corporate governance
• Finance’ role in supporting risk management
• Cost Control and how to reduce costs
• Cost management and motivation
• Embedding cost control in the business

The content of this course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines.

There is no strict Academic Requirement for this Programme as it is a Non-Credit Bearing Programme. However, Students are expected to have working experience as a Team Lead, Supervisor or Manager.

UAE VISA

Please check with your Country’s Ministry of Foreign Affair to know if you require a UAE VISA to come into the country. 

If you do require a UAE Visa, kindly send down the following documents:

- Editable application form including DOB, Email ID, contact no, home address & signature.
- Scanned copy of your International Passport Data Page.
- E-copy of your Passport Photograph.

Your Visa and Hotel Confirmation Slip, (if handled by us) along with your Joining Instructions would be sent to you before the program commences.

UK VISA

Please check with your Country’s Ministry of Foreign Affair to know if you require a UK VISA to come into the country. 

If you do require a UK Visa, kindly note that you are required to handle this on your own without any recourse to us.

We advise that Delegates already hold a UK Visa with at least 3 months' validity before registering for the Programme.

Your Hotel Confirmation Slip, (if handled by us) along with your Joining Instructions would be sent to you before the program commences.