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.