Advanced Budgeting

Overview:

This course will help those involved in financial decision-making to master advanced budgeting techniques and streamline their budgeting process. You will use budgets to link strategy to planning, and highlight operational inefficiencies and set targets.

Contents:

- How budgeting fits into the strategic planning process?
- Why do we budget?
- What’s wrong with how we budget?
- Beyond budgeting
- The forecasting process – A step beyond mere budgeting
- Balanced Scorecard
- Reviewing data gathering techniques and cost structures for budget optimization and best performance
- New techniques in budgeting
- Cash budgeting
- Budgeting for capital expenditure
- Consolidating the detailed budget into financial statements
- Budget reporting tools and techniques
- Performance management, reporting and control

Benefits Of Attending

- Understand why the traditional budget planning process, preparation, review and control are seen by most top companies to be out of date and a consideration of the alternatives
- Discover and leverage on the different types of budgeting techniques and finance management tools that can be used in organizations
- Insights into defining the “uncertainties” that affect companies’ ability to produce accurate budgets, and quantify this with stress testing, what-if and scenario analysis techniques
- Streamline budget model building by applying best practice functions, tools and techniques
- Understand how to build budgets for the “real world”, allowing for flexibility, performance measurement and future change

Who Should Attend:

- Cost driver managers, accountants, administrative staffs involved in budgeting.
- Treasury managers and staffs managing cash-flow on a day to day basis or involved in planning cash-flow budgets.
- Business Analysts and Business Unit Managers