COURSE OVERVIEW

 

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using “MS-Excel” application. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Budget Preparation Skills. It covers the importance and key terminologies of costing and budgeting in business; the types of budgets covering fixed budgets, flexible budgets, zero-based budgets and activity-based budgeting (ABB); the cost allocation techniques and budgeting objectives, organizational alignment and stages of the budgeting process; the zero-based budgeting (ZBB) and activity-based budgeting (ABB); the revenue forecasting techniques; and the differences between operating and capital budgets. 

 

During this interactive course, participants will learn the corrective actions based on variance analysis and the advanced budgeting models; the organizational resources and costs and revenue stream analysis and cost-revenue analysis reports; the operating budgets, optimize budgeting processes and proper budgeting for decision making; linking budgets to strategic goals, setting up monitoring frameworks and performance evaluation using budgets; the risk management, risk mitigation strategies and scenario analysis; and the future trends in budgeting.