Budgeting for Better Operational Performance

An important method of financial control is the comparison of planned income and expenditure with the income received and the expenses incurred. This course looks at budgets, what they are, how they are formulated and how they are used within a business. Different approaches to the budget setting process are examined; also the way that different parts of the same organization look at budgets and its potential for internal conflict unless carefully managed. 

CONTENT

• The purpose of budgeting
• The purpose of different operational budgets – P/L, Cash and Master Budgets
• Producing simple operational budgets
• Comparing budgets with cash flow forecasts
• Fixed and flexible budgets
• Organizational behavioural aspects of budgets 

FOR WHOM:

Budget Managers, Accountants, Auditors, Supervisors, and others who perform related functions.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

DATE:

1ST BATCH:              10th – 12th May, 2021                                              

2ND BATCH:             7th – 10th September, 2021

3RD BATCH:             7th – 10th December, 2021