Business and Management

Effective Budgeting Workshop

This workshop helps organizations manage the way they spend their income and use available money effectively. It will develop the understanding of participants in the latest tools, techniques and methodologies of the financial planning process, tackling long-term financial plans, budgets, and financial controls standards. It will provide participants with tools and best practices allowing them to find available and practical solutions to their problems without making matters worse

hours

12

language

English

Summary

This workshop helps organizations manage the way they spend their income and use available money effectively. It will develop the understanding of participants in the latest tools, techniques and methodologies of the financial planning process, tackling long-term financial plans, budgets, and financial controls standards. It will provide participants with tools and best practices allowing them to find available and practical solutions to their problems without making matters worse

Target Audience

This course will appeal to a wide range of audiences and is intended for Business Professionals who intend to earn budgeting skills.

Skills Gained

Upon completion of workshop participants will be able to:

  • Prepare a budget
  • Identify what/who is involved in preparing a budget
  • Understand the different types of budgets
  • Recognize the approaches to budgeting
  • Understand capital budgets
  • Familiarize themselves with cost control and management of a budget

Topics Covered

  • Master budget
  • Operating and Financial Budgets
  • Cash Budget
  • Capital Budgets

  • Incremental Budgeting
  • Zero-Based Budgeting
  • Fixed Budgeting and Flexible Budgeting

  • Process
  • Projects interaction
  • Time Value of Money
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Payback Period (PBP)
  • Discounted Payback Period
  • Average Accounting Rate of Return (AAR)
  • Profitability Index (PI)
  • Key Concepts
  • Relation between NPV and Stock Price

  • Budget as cost control
  • Budgeting and costing techniques
  • Break-even Analysis

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