Public Sector Budgeting: Preparation, Implementation and Controls

  • Start Date

    17 Jan, 2023

  • End Date

    20 Jan, 2023

  • Price

    ₦200,000

  • WiFi

    Free wifi

Event Details

Participants attending this workshop training course will:

  • Successfully build an integrated planning, budgeting and reporting process
  • Understand costs behavior more accurately
  • Deliver more timely and useful information to decision-makers
  • Understand capital budgeting
  • Identify & manage key financial indicators for the business
  • Be able to use specific cost analysis and performance measurement techniques
  • Be able to understand and implement the Balanced Scorecards
  • Be able to interpret the financial impact of strategic directions
  • Understand the problems of overheads allocation and how Activity-Based Analysis may aid decision-making and pricing strategies
  • Select the performance measurement systems that work
  • Think proactively beyond budgeting

 

CONTENT:

Budgeting & Cost Control in the public sector:  with Strategic Planning

  • Budgeting and the Management System of Contemporary Organizations
  • Strategic Planning, Budgeting and Management Control
  • Strategic Management Accounting – setting goal and objectives
  • From Strategic to Operating Plans – actions and initiatives
  • Measuring and Managing the Performance – KPIs and targets
  • Managerial Accountability  

 

Budgeting: Principles and Key Concepts

  • Understanding the Context for Budgeting
  • The Benefit of Budgeting and its Role for Achieving Organizational Targets
  • Principles of Budgeting
  • Main Issues with Budget Preparation

 

Cost Analysis for Budgetary Purposes

  • Cost Concepts and Terminology
  • Different Costs for Different Purposes
  • Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
  • Contribution Margin Analysis

 

Traditional vs. Advanced Techniques in Cost-Control

  • Under-costing and Over-costing: Understand Allocation Methods
  • How to refine a Costing system?
  • Traditional Cost Allocations Systems vs. Activity-Based Costing (ABC)
  • Cost Hierarchy & Cost Drivers - Linking Resources, Activities and Management
  • Introducing Activity-Based Budgeting (ABB) and Management (ABM)

 

New Integrated Performance Measurement Systems

  • Beyond Budgeting: Integrating Financial and Pre-financial Information
  • The Drivers of Value Creation
  • The Balanced Scorecard
  • Integrated Reporting
  • Connectivity Strategic Goals, Objectives, Actions and Results

 

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: 17th - 20th Jan, 2023   

2ND BATCH: 23rd - 26th May, 2023 

3RD BATCH: 10th - 13th Oct, 2023

Other Dates

Start Date End Date
23 May, 2023 26 May, 2023
Start Date End Date
10 Oct, 2023 13 Oct, 2023
Start Date End Date
17 Jan, 2023 20 Jan, 2023
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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