Budgeting and Budget Control Training
What is this course ?
All business decision-making involves analyzing situations containing varying degrees of risk. This programme uncovers the essential skills required to understand the processes of budgeting and budget control for better decision-making. From understanding the importance of a well defined budget process through to the importance of how costs behave so that realistic cost cutting and budgeting plans can be produced.
Course Contents
- Introduction to Budgeting and Budget Control
- Purpose of Budgeting
- Management Control System
- Information Technology and Budget
- Cost Control and Budgeting
- Types of Budgeting
- Forecasting Methodologies
- Preparing Budget Manual
- Preparing strategic Budget
- Preparing Annual Budget Guidelines
- Stages / Phases of Budgeting
- Revenue and Cost of Revenue Budget
- Operation Costs and Capital Expenditure
- Preparing the consolidated Annual Budget
- Projected Income Statement and Cash Flow
- Budget Analysis
- Budget Monitoring and Control
- Variance Analysis of Budget
Who can participate ?
Following people can participate in this course
- Budget Officer,
- Head of Department,
- Finance Manager,
- Chief Finance Officer,
- Finance and Account Department Staffs,
- Finance and Account Department Support
Staffs, - Project Manager,
- Accounts Manager,
- Other department heads who want to
gain cross functional knowledge, - Business owners,
Other who wish to sharpen,
broaden, deepen their skills and knowledge of Budgeting