Budgeting For Managers Workshop

INTRODUCTION

Master the art of budgeting and drive your organization towards financial success with our Budgeting for Managers Workshop. Effective budgeting is essential for organizational growth and sustainability and this comprehensive workshop will equip managers with the essential skills and knowledge to utilize budgeting as a strategic tool. Participants will learn how to assess and develop current budgets, manage costs efficiently, identify and integrate organizational inputs and outputs, prepare for financial emergencies, and meet their organization's financial objectives. Budgeting for Managers Workshop goes beyond the basics, providing in-depth insights into advanced budgeting techniques and strategies that ensure financial efficiency and accountability within the organization. Whether you are new to budgeting or looking to refine your skills, this workshop offers practical, hands-on training that will help you make informed financial decisions, optimize resource allocation, and drive your organization's financial performance. Learn from experienced trainers through a blend of theoretical knowledge, practical activities, group work, and case studies designed to provide you with a robust understanding of the budgeting process.

COURSE OBJECTIVES

By the end of this Budgeting for Managers course, participants will be able to:

• Understand the principles, techniques, and practices of budgeting.
• Apply budgeting principles effectively in a business context.
• Evaluate and utilize different budget forms and tools.

DURATION

5 Days

WHO SHOULD ATTEND

This Budgeting for Managers course is beneficial for all management personnel and their assistants who are responsible for organizational budgeting.

COURSE OUTLINE

• Introduction to Budgeting
• Organization's Budget, Manager Budget, Budget Forms, Pre-Budgeting Activities, and Budgeting Process
• Challenges in the Budgeting Process
• Contribution of Budget Plans in Budgeting Challenges
• Budget Planning Elements
• Budget Plans Evaluation
• Organizational Outputs
• Output Controls
• Organizational Inputs
• Integration of Inputs in Business
• Costs and Cost Drivers
• Preparation for Emergencies
• Assumptions in Handling Emergencies
• Internal and External Factors Affecting an Organization
• Communication Tools
• Revenue Forecasting
• Principles of Cost Budgeting
• Types of Capital Expenditures
• Budget Approval

GENERAL NOTES

• This course is delivered by seasoned trainers with extensive professional experience.
• Training includes a mix of practical activities, theoretical knowledge, group work, and case studies.
• Participants receive comprehensive training manuals and additional reference materials.
• A certificate is awarded upon successful course completion.
• Tailor-made courses to meet specific organizational needs are available. Contact us at training@skillsforafrica.org for more information.
• The training will be conducted at the Skills for Africa Training Institute in Nairobi, Kenya.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfer can be arranged upon request.
• Payment should be made to our bank account before the training starts, and proof of payment sent to: training@skillsforafrica.org.