Advanced Budget Presentation, Administration & Management Techniques

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 10 day training on Advanced budget presentation, administration and management techniques 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