Every organization needs to have a budget, but a budget will only be a benefit to an organization if they are managed effectively. A well-managed budget allows for continued smooth operations and growth as organizations determine how they use revenue and expenses. This 5 day training on budget presentation, administration and management will help participants to learn the rudiments of preparing a realistic and effective budget, administer the budget and strategically manage revenue and expenditures.

Learning Objectives:

 At the end of this 5 days intensive programme, participants will be equipped with knowledge and skills on:

• Importance of budgets in organizations
• The tools and techniques required for effective budget and budgeting
• The different types of budgets
• How to plan and develop effective budgets
• Budget presentation skills
• Methods to monitor budget and adjust when necessary
• Cost Control measures
• Five common mistakes in managing budgets
• And much more

Course Content:

• The critical functions of management
• Management functions in budgeting
• Fundamentals of budgeting
• Benefits/Importance of budget/budgeting
• Types of budgets
• Budgeting and planning process
• Qualities of a good budget process
• Characteristics of an effective budget
• The Budgeting Cycle and Budgetary Control
• Budget Formats
• Application of Budget
• Budget Components
• Effective Communication tools
• Budget presentation tools and techniques
• Budgeting, monitoring and feedback systems
• Budget as a management tool
• Preparation of budgets
• The cash budget
• Fixed and Variable Overheads
• Cost attribution and control measures
• Break even analysis
• Expenditure control and techniques
• Strategic cost management
• Aligning the budget with the strategy of the organization
• Problems in budgeting

The Role of Budgets in:

• Strategic Planning and Implementation
• Performance Measurement
• Employee motivation and coordination