Programme Objective To provide finance and non-finance professionals with practical and effective skills and knowledge for effective management and control of budgets and forecasts.Effectively managing the business' finances is critical to its long term success and are the responsibilities of every manager and executive. These essential skills can be learned in this easy to understand and highly interactive workshop. Participants will acquire practical budgeting and financial forecasting tools, concepts and techniques that can help to control any business' financial health.By the end of the workshop participants will: appreciate the strategic planning process and how these are translated into financial plans and budgetsunderstand the basic principles of budget preparation and control and its importance in planning and monitoringbe able to prepare various types of budgets and implement budgetary controls by reviewing , reacting and revising the budgetunderstand the importance of coordination in the budget processappreciate why budgets fail and learn the best practices in budgeting be able to communicate with management and the finance function more effectively and confidently
Morning session Understanding the strategic planning process and how it links to financial planning & budgetingCost-Volume-Profit-AnalysisKey essentials of Budgeting & ForecastingDifferences between Budgets and ForecastsPreparing the budgets – Group activity 1Best practices in budgeting Why budgeting fails Top 10 questions that need to be asked Afternoon session Recap QuizIntroducing capital budgeting techniquesMake or Buy – Group activity 2Managing your stakeholders and speaking their “language”Putting it all together – Group activity 3Sum up - How to make budgeting a valuable tool for driving your organization’s future and achieving your management goals Training MethodologyLearning is achieved via real life examples, which reinforces the theory, and a topic-related internationally acclaimed video which successfully simplifies budgeting for the non-financial person. This will be an interactive workshop where there will be group activities and discussions, quizzes and games. Participants will receive a certificate of attendance at the end of the workshop.Closing Date for Registration1 week before programme or until full enrolment
Finance and non-financial managers and professionals who wish to improve on their planning, controlling and decision -making ability such as Executives, Company Administrators & Secretaries, Legal Practitioners, Managers and Company Directors as well as Finance Managers and Finance Officers/Executives.
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