- Review of budgeting Terms and Concepts
- Analysing financial statements and setting a viable department budget
- Forecasting a cash flow model from a budgeted income statement
- Selecting the most profitable project(s) using different financial parameters
- Examining alternative outcomes arising from using different costing techniques
- Understanding the wide range of risk variables affecting a project
- Overall departmental budgeting preparation exercises is the main objective.
- Measurement Tools
- The basic concepts of budgetary control
- The process of budgetary control
- Budgetary variance
- Budgeting and management control systems
- The strategic planning process and the budget as a plan
- Aligning the budget with the organization’s strategy
- Integrating strategic and financial planning with operational management
- Budget as a control tool
- Reviewing and measuring progress with proper variance analysis
- Turnaround and corrective measures
- Managing implementation as a continuous process
- How to improve the process in your organization.
