Advanced Budgeting and Financial Control Course

The main aim of this course is to equip the participants with professional skills vital for effective performance of budgeting and budgetary control duties. 

Course Content : 

• The purpose and concept of budgeting.
• The strategic plan and annual budget.
• How to construct a budget: Information gathering, setting standards, limiting factors.
• The role of Senior Management in co-ordinating functional budget
• Using the budget to manage: Variance reporting, budgets and cash flow forecast, zero-based and cost-plus budgeting.
• Capital and revenue expenditure.
• Costing techniques - fixed and variable costs, break-even, marginal and absorption costing.
• Investment decisions.
• People and budgets: The key to success: Effective communication.
• Total Quality Management and effective budgeting.
• Stress management.
• Action plans.

For Whom

Managers and officers with budget responsibilities.

Teaching Methods

Highly participative incorporating short lectures, discussions, case studies.