Budgeting For Managers Workshop

This course focuses on the use of a budget as a tool for the success of a business. The course will cover the methods of assessing current budgets, costs, identification of organizational inputs and outputs, preparation for emergencies and meeting the financial objectives. 

COURSE OBJECTIVES

·Understand the principles, techniques, and practices of businesses

·Understand the application of budgeting principles, techniques, and practices

·Learn the evaluation of budget forms

DURATION

5 Days

WHO SHOULD ATTEND

This course will be beneficial to all management personnel and their assistance who are responsible for organizational budgeting.

COURSE OUTLINE

·Introduction to budgeting

·Organization’s budget, manager budget, budget forms, pre-budgeting activities and budgeting process

·Challenges in the budgeting process

·Contribution of budget plans in budgeting challenges

·Budget planning elements

·Budget plans evaluation

·Organizational outputs

·Output controls

·Organizational inputs

·Integration of inputs in business

·Costs and costs drivers

·Preparation for emergencies

·Assumption in handling emergencies

·Internal and external factors affecting an organization

·Communication tools

·Revenue forecasting

·Principles of cost budgeting

·Types of capital expenditures

·Budget approval

GENERAL NOTES

·This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

·Training manuals and additional reference materials are provided to the participants.

·Upon successful completion of this course, participants will be issued with a certificate.