Why Attend
Planning and budgeting are must-have skills for all professionals, regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device, and a control mechanism. In addition, it provides the necessary application tools required to make long-term and short-term planning decisions.
Course Methodology
This course focuses on exercises, case studies, and individual and group presentations.
Course Objectives
By the end of the course, participants will be able to:
- Defend the importance of linking an organization's budget with its strategic plan
- Demonstrate how the budget relates to the balance sheet, income statement, and cash flow statement
- Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
- Apply cost control tools, analyze management variance reports, and take proper corrective action
- Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
- Utilize cost-volume-profit analysis in making budgeting decisions
Target Audience
All managers, supervisors and analysts who prepare or use management budgets.
Target Competencies
- Interpreting financial statements
- Planning and budgeting
- Cost control
- Capital budgeting
- Applying cost-volume-profit analysis
- Utilizing breakeven analysis
