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.