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Budgeting, Forecasting and Budgetary Control

By: Tom Associates Training  

Lagos State, Nigeria

21 - 24 Jun, 2022  4 days

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NGN 175,000

Venue: 5/7, Alade Lawal Street, Opposite Anthony Police Station, Idi-Iroko, Anthony Village, Lagos - Nigeria.

Other Dates

Venue Date Fee  
5/7, Alade Lawal Street, Opposite Anthony Police Station, Idi-Iroko, Anthony Village, Lagos - Nigeria., Lagos State, Nigeria 18 - 21 Oct, 2022 NGN175000

The programme is designed to equip Managers and Heads of departments entrusted with departmental or organisational budgets with knowledge and skills necessary to enable them effectively manage and monitor the budgets implementation on a day to day basis. This course also equips managers with skills to put in place corrective budgetary actions. Managers who go through this course are better positioned to deliver on their budgets - they own their budgets, explain variances when they occur and take corrective remedial actions in good time.

Course Contents

Day One

  • What is a budget?
  • Why Budget?
  • The main characteristics of budgeting
  • Types of budget
  • Outline of the budgetary process
  • Budget preparation with a typical practical illustration of a budget
  • Implementing the budget – key success factors
  • Benchmarking for performance management
  • Advantages of budgets to a business organisations

Day Two

  • Alternative budgeting methods
  • Budget organisation and administration
  • How those roles may conflict with each other
  • Ways by which the management may resolve the conflict
  • Stages in the budgetary process
  • Relevance of strategic planning and forecasting

Day Three

  • Creating master budget forecasts using Advanced Excel technique
  • Mastering Excel formulas and techniques for building budget
  • Excel formulas for budget model Custom formatting numbers
  • Formula Debugging & auditing techniques
  • Data validation
  • Consolidating and linking Excel Workbooks
  • Grouping and Outlines.                                                                      

Day Four

  • What is budgetary control?
  • The steps for installing an effective system of budgetary control
  • Management action and cost control
  • Importance of budgetary control in project management
  • Measuring performance
  • Analysing budget variances
  • Actions to take after analysis.

Note: Available as Classroom Training as Well as Online Training

5/7, Alade Lawal Street, Opposite Anthony Police Station, Idi-Iroko, Anthony Village, Lagos - Nigeria. Jun 21 - 24 Jun, 2022
5/7, Alade Lawal Street, Opposite Anthony Police Station, Idi-Iroko, Anthony Village, Lagos - Nigeria., Lagos State, Nigeria 18 - 21 Oct, 2022

Registration: 08:30:am - 03:30:am

NGN 175,000.00(VAT Inclusive)
(Convert Currency)

MR ABIODUN TOKI 08033019120

LIVE-ONLINE: N155,000 CLASSROOM: N175,000 3 – 4 participants: 5% discount 5 or more participants: 10% discount

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