Budget Preparation Skills

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This course examines how to benefit from Budget Preparation Skills. Budget Preparation Skills Training Course is now recognised as an exciting programme that will bring you up to date on the latest techniques and approaches that are appropriate in Budget Preparation Skills.

By the end of this course participants will be able to:

• Understand the objectives and goals of Budget Preparation Skills.
• Know the budgeting and its role within the management process
• Know the framework for budgeting
• Identifying costs analysis for budgetary purposes
• Know the flexible budgets and variance analysis
• Know how to broaden performance measurement systems.
• Know the Case study illustration and discussion.

Methodology of Training
Effective presentations for each of the topics together with interactive trainer lead sessions of discussion. There will also be practical sessions and the participants have the opportunity to practice and experience. Role-plays, case studies, DVD's, videos, small group work, exercises and feedback will be used to facilitate learning.

The Organisational Impact
• Participants will be able to work successfully in this course.
• Participants will be able to describe the role of the Budget Preparation Skills.
• Improve the framework for budgeting.
• Participants are encouraged to know the behavioural implications of budgeting
• Participants will be able to know the Costs analysis for budgetary purposes
• Participants will be able to make Flexible budgets and variance analysis

This course is designed for :
• The staff person who will be responsible for entering data into the budget system or training others how to enter information.
• Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job.
• Financial Professional, Professional R&D, Sales/Marketing Professional, General Accounting Professional, Business Unit Professional.
• Anyone who wants to understand the basics of budgeting and costing.



9-13January 2012

16-20 January 2012

12-16 December 2011

19-23 December 2011

26-30 December 2011

2-6 January 2012
















Additional Info

  • Day 1:

    Budgeting and its role within the management process
    •    The role of budgeting within management accounting
    •    Linking costing and budgeting to strategy and performance measurement
    •    Budgets - the financial expression of the operating plan
    •    Linking financial and operational issues
    •    The process of value creation: implications for budgeting
    •    What is a budget and why costing is fundamental
    •    Behavioural implications of budgeting
    •    Case discussion and examples

  • Day 2:

    The Framework for Budgeting
    •    Elements of the budgetary framework
    •    Balance sheet, Income statement and cash-flow statement
    •     Introducing cost analysis for decision making
    •    The importance of understanding full costs
    •    Key concepts and terminology
    •    Advantages and disadvantages: critical issues to be discussed
    •    Overview on the financial statements
    •    Case discussion and examples

  • Day 3:

    Costs analysis for budgetary purposes
    •    Costing for budgeting: Why?
    •    Cost terms and purposes
    •    Direct and indirect cost – the avocation problem
    •    Traditional methods vs. Activity-based costing
    •    Fixed and Variable costs
    •    Cost, profit and volume relationships
    •    The key concept of contribution margin
    •    Case discussion and examples

  • Day 4:

    Flexible budgets and variance analysis
    •    Budgeting for management control purposes
    •    How to interpret variance analysis
    •    Integrate continuous improvement into variance analysis
    •    Describe the difference between a static budget and a flexible budget
    •    Compute flexible-budget variances and sales-volume variances
    •    Explain why standard costs are often used in variance analysis
    •    Case discussion and examples
    •    Is budgeting enough?

  • Day 5:

    Beyond budgeting: broadening performance measurement systems
    •    Shortcomings of traditional approaches to budgeting and measurement
    •    Linking financial to operational issues
    •    Internal Business Process perspective, Learning and growth perspective
    •    Developing and adapting the scorecard
    •    The Balanced Scorecard and Six-sigma
    •    Linking Strategy execution to Performance Measurement
    •    Financial perspective, Customer perspective
    •    Case study illustration and discussion

  • Period: 5 Hours
  • Duration: 5 Days
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