IFRS Technicalities and Advanced Budget Presentation, Administration and Management Techniques Course

Budgeting and cost analysis are crucial elements for the management of contemporary organizations. This IFRS Technicalities and Advanced Budget Presentation, Administration, and Management Techniques course is a professional development program designed to provide participants with a comprehensive understanding of International Financial Reporting Standards (IFRS) and advanced techniques for budget presentation, administration, and management. It will also provide participants with the skills and knowledge needed to effectively present, administer, and manage budgets in their organization. Participants will have a deeper understanding of the budgeting process and equip themselves with advanced techniques for budget presentation, administration, and management in their organizations.

Learning Objectives: Upon completing this course in IFRS Technicalities & Advanced Budget Presentation, Administration and Management Techniques, participants will be able to:

• In addition to IFRS technicalities, will learn how to prepare and present budgets that align with organizational goals and objectives. They will also gain skills in monitoring, controlling, and evaluating budgets to ensure effective use of resources and achievement of targets.
• Understand the budgeting process and the importance of budget presentation, administration, and management in organizations.
• Identify key challenges in budget presentation, administration, and management and apply advanced techniques to overcome them.
• Apply advanced budgeting techniques such as zero-based budgeting, activity-based budgeting, performance-based budgeting, rolling budgets, and capital budgeting.
• Develop a budget administration plan and manage the budget process effectively.
• Monitor and control the budget, report on budget variances, and handle budget changes and revisions.
• Analyze financial statements, conduct financial ratio analysis, forecast financial performance, and analyze financial risk for budgeting.
• Align the budget with organizational goals and objectives, conduct a SWOT analysis, develop a strategic plan, and incorporate strategic plans into the budget.
• Demonstrate leadership skills in budgeting, negotiate and resolve budget conflicts, motivate and engage budget teams, and communicate the budget to stakeholders.
• Understand ethical considerations in budgeting, ensure integrity and transparency in the budget process, and prevent fraud and misuse of funds.
• Implement advanced budget presentation, administration, and management techniques effectively in organizations.

The course includes a combination of lectures, discussions, and hands-on exercises to help participants apply the concepts they have learned. The goal of the course is to equip participants with the skills and knowledge they need to effectively present, administer, and manage budgets in their organization.

Course can also be delivered online