Course Description

A good plan should begin with a good forecast, which in turn, may lead to a good budget. A strategy is the long-term plan of what the company is going to do to achieve its policy. The budget is the short-term plan of how strategies may be achieved.

Finance & Budgeting training seminar will enable delegates to develop a framework that links strategies to annual budget and targets and aims for world class levels of management and organizational performance. Budgeting, Forecasting and the Planning Process training course will provide delegates with the skills and forecasting techniques to develop a budget as a plan, and use control budgets and analysis of variances to actual to identify areas in which financial performance may be improved.

Course Objectives:

At the end of this training seminar, delegates will be able to:

• Use best practice to develop operating budgets, capital expenditure budgets, and cash flow budgets and forecasts in line with organizational strategic objectives
• Use forecasting techniques most appropriate to their organization’s strategic planning and budgeting
• Apply the techniques that relate to the key principles of financial management: shareholder wealth maximization; cash flow; time value of money; risk
• Develop strategic thinking, and use the strategic management process to develop missions and objectives and carry out strategic analysis and decision-making
• Demonstrate a sound understanding of the relationship between financial planning, forecasting, and budgeting and integration of the strategic management process with the budgeting cycle

Who Should Attend?

Accountants, Auditors, Financial Controllers, Admin Managers, Planning Managers, Finance Managers and Financial Analysts and others who perform related functions in both public and private sectors.

Delivery Method:

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Venue:  

Fee:  

Duration: 1 Week

Date: March 20th – 24th, 2023