The Effective Budgeting, Performance Management and Cost Control Strategies in Banks Course will cover the following topics and more:

Fundamentals of budgeting and financial planning in Banks

• Types of Budgets.
• Methods of preparing budgets.
• Budget assumptions.
• Internal factors affecting budget.
• Developing proper budgeting attitude.
• Roles and functions of management in budgeting
• Budgeting as a management tool
• Budgetary control objective

Best practice budgetary process

• Analysis of operating financial and economic environment
• Choosing suitable types of budget for your bank.
• Developing and issuing guidelines and circulars.
• Budget committee meetings and budget defence.
• Preparing the master budget and its components.
• Obtaining executive approval and communicating same to business units.
• Budgeting implementation and monitoring.
• Budgeting control and the feedback loop
• Issues in budget discipline

Variance analysis for Improved performance

• Information to variance analysis.
• Types of variances; income, expenses, cash, etc,
• Causes of variance and their identification
• Calculation of various types of variances.
• Follow-up action and management reporting.
• Variance analysis as a performance improvement tool.
• Emerging trends and future challenges.

Capital budgeting strategies

• Discounted Cash Flow (DCF).
• Future values and present value
• Annuities and perpetuities.
• Methods of evaluating capital investment decisions.
• Accounting rate of return (ARR) and payback.
• Net present value (NPV) versus internal rate of return.
• Equivalent annual cost (EAC) method
• Capital asset pricing model.

Profitability planning: strategic aspects of assets and liability management

• Role of forecasting in banks.
• Assets and liability management (ALM) techniques
• Framework for ALM
• Organizational framework.
• Operational framework.
• Analytical framework.
• Information reporting framework.
• Performance measurement framework.
• Regulatory compliance framework.
• Control framework.

Performance analysis and reporting for cost control and monitoring: process and procedure

• Organize data to determine full costs of offering services.
• Calculate the cost of quality, measure cycle time efficiency and identifying non-value added key processes.
• Profitability - types and balance score card
• Cost centres and cost management
• Essentials of an efficient cost management.
• Strategies of efficient cost management.
• Efficiency improvement programmes
• Strategies for achieving survival, growth and development.​

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