Budgeting For Managers Workshop

INTRODUCTION

This course focuses on the use of a budget as a tool for the success of a business. The course will cover the methods of assessing current budgets, costs, identification of organizational inputs and outputs, preparation for emergencies and meeting the financial objectives. 

COURSE OBJECTIVES

·       Understand the principles, techniques, and practices of businesses

·       Understand the application of budgeting principles, techniques, and practices

·       Learn the evaluation of budget forms

DURATION

5 Days

WHO SHOULD ATTEND

This course will be beneficial to all management personnel and their assistance 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 costs drivers

·       Preparation for emergencies

·       Assumption 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 our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

·       Training manuals and additional reference materials are provided to the participants.

·       Upon successful completion of this course, participants will be issued with a certificate.

·       We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more: training@skillsforafrica.org

·        The training will be conducted at SKILLS FOR AFRICA TRAINING INSTITUTE IN NAIROBI KENYA.

·       The training fee covers tuition fees, training materials, lunch and training venue. Accommodation and airport transfer are arranged for our participants upon request.

·       Payment should be sent to our bank account before start of training and proof of payment sent to: training@skillsforafrica.org