Certified Advanced Budgeting and cost Control Professional

NAME OF THE COURSE
Advanced Budgeting and cost Control
 
CERTIFICATION
Certified Advanced Budgeting and cost Control Professional
 
COURSE OVERVIEW
Financial terms and budgeting tools will be explained in a way that a non-financial manager will understand and relate to in their own line of work. The budgeting and forecasting training course will help demystify the world of budgeting and provide participants with the techniques and confidence to manage and control their budget effectively. Traditional budgets are created based on requests from competing stakeholders, each justifying their projected expenditures based on their departmental needs rather than the overall goals of the organization. This method ultimately breaks down, resulting in an extended arbitrary decision-making process that cannot be objectively supported or justified. In other words, when the “best player wins” approach is taken, everyone loses. A performance-based evaluation framework helps establish concrete targets and priorities based on this year’s strategic goals, and communicate those targets to all stakeholders involved in the budget process
 
TRAINING DURATION
Total Training Hours: 22 Hours
Training Duration: 1 Week
Total Training Days: 4-5 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions: 4 – 6 Hrs Per day (9 am to 2 pm or 3.00 pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9 am to 5 pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBILITY
Directors, senior managers, heads of departments, credit managers, sales and marketing professionals, HR professionals, legal professionals, bankers, entrepreneurs, investors, supervisory and regulatory officers, operations managers and executives who need to use financial statements for better decision making and to read in-between the lines for greater insights to accounting numbers.
 
COURSE BENEFITS
  • Learn to prepare and review a budget
  • Understand the role of forecasting
  • Be familiar with cost types and behaviours
  • Gain confidence using budgets including variance analysis and other month-end issues
 
COURSE OUTLINE
Introduction to budgeting & forecasting 
 
Budgeting essentials 
 
  • Budget techniques
  • Phasing your budget
  • Timing of revenues and costs
  • Cost behaviour
  • Impact of changing volumes and prices
 
The Budgeting Pyramid: cash budgeting – Revenue budgeting- Capital budgeting 
 
Preparing budgets 
 
  • How to prepare your budget
  • How to review your budget
 
Using budgets 
 
  • Comparing actuals to budget
  • Month-end issues
  • Balance Sheet: how to interpret financial strength
  • Profit and Loss Statement: how to analyse financial performance
  • Cash Flow Statement: how to interpret financial health
  • Statement of Changes in Equity: how to use it
  • Why can a profitable company still go bust and how to prevent it
  • What is working capital and why is it important
  • Working capital management strategies
  • Demystify confusing accounting jargon once and for all
  • How to use an annual report
  • How does accounting policies affect a company’s profit or loss
  • Group accounts: subsidiaries, associates and investments
  • Group accounts: goodwill, amortisation and minority interests
 
Relating the budgets to the Balance Sheet and the P & L: 
 
  • The stakeholders
  • The Balance Sheet and P & L
  • Introducing key financial ratios
  • Facilitator presentation and group exercise: ‘Reading’ the Balance Sheet
 
Forecasting 
 
  • Why forecast?
  • The forecasting processes
 
Using reports 
 
  • Typical reports – month, year to date and full year
  • Putting it all together Ongoing credit risk management
REGISTER