Participants will gain a comprehensive understanding of UAE Financial & Strategic Planning. This is covered in our weekly webinar, held every Friday for one hour.
13th June 2025 | Friday | 5:00 pm - 6:00 pm GST | ZOOM
Budgeting & MIS Reporting with latest updates.
Overview:
In this insightful session, CA Ashit Sanghvi, Vice President – Finance at Goodrich Maritime LLC, shares practical insights on Budgetary Control and Financial MIS Reporting tailored for finance professionals in the UAE and beyond. The presentation bridges strategic planning and operational execution using real-world examples and industry best practices.
Key Topics Covered:
Budgetary Control System:
* Defined as a procedural framework to align revenue and expenses with financial plans.
* Differentiates from financial planning (long-term) and forecasting (goal tracking).
* Emphasizes strategic CAPEX allocation for core competencies.
Benefits of Budgeting:
* Drives long-term strategy, resource allocation, cost reduction, tax planning, and better investor communication.
Challenges in Budgeting:*
* Time-intensive, assumption-dependent, often outdated or padded.
* Misallocation risks when budgets aren’t linked to strategic goals.
Types of Budgets:
* Incremental, Rolling Forecast, Activity-Based, Zero-Based, Just-in-Time, Capital Budgets.
Effective Budget Construction:
* Starts with forecasted sales.
* Uses CVP analysis, zero-based thinking, bottleneck identification.
* Links fixed costs to business cycles and promotes outsourcing non-core activities.
MIS (Management Information System) Reporting:
Best Practices:
* Monthly financial closures with consolidation challenges addressed.
* MIS must include P\&L, balance sheet, cash flow, ratios, and ageing reports.
* Emphasize storytelling, recommendations, accountability, and graphical presentation.
Industry-Specific MIS:
*Retail: Brand-wise, showroom-wise P&L, sales per sq.ft., footfall, and campaign analysis.
*Manufacturing: Production loss, maintenance, batch costing, asset verification.
*Construction: Labour hours, project-level P&L, bid success rates.
*Logistics: Product-wise, route-wise P&L, fleet/container utilization.
Technology & Future-Readiness:
* Importance of data-driven decisions and real-time reporting.
* Role of AI in automating MIS, tracking trends, optimizing supply chains.
* MIS must evolve to be predictive, prescriptive, and diagnostic.
* Align MIS with long-term strategy and ESG reporting requirements.
WhatsApp: +971 52 680 2631
Email: connect@fintedu.com
LinkedIn: @FintEdu
About the Trainer
CA Ashit Sanghvi, Working as Vice President Finance at Goodrich Maritime LLC. He is a Chartered Accountant with 26 years of diversified experience in Strategic, Financial, Supply Chain and People Management, having worked across multiple industries and managed Finance operations of Entity across multiple geographies
