Budget and Budgetary Control

This is a two-day course designed to provide delegates with the knowledge and practical application:

• Importance of Qualitative judgments in the Context of decision-making
• Variables, relationships, and trends used in analyzing problems
• Methods and techniques in budgeting and budgetary process
• Inherent limitations in financial data, and how they affect financial analysis

Implications and relative importance of cash flow as distinct from accounting profit

Learning objectives:

Understanding strategic planning and budgeting

Link between finance and operations for budgeting purposes and strategy execution

How to build a comprehensive performance measurement system

Costing and budgeting terminology used in business

Understanding the importance of a well-defined costing and budgeting process

Understanding cost behavior more accurately

Performing and interpreting variance analysis
Key Topics:

• Financial statement- Explanation of basic components of the financial statement
• Understanding the financial reporting framework
• Financial performance and interpretations
• Interest and time value of money concept
• Project appraisal/ capital budgeting technique
•  Data analysis
• Cost analysis for budgeting
• Projection of financial requirements
• Budgeting Framework
• Budget Process and controls