Budgeting, Forecast and Control

The needs to link the budget to the organization’s strategic plan, advise the managers of the overall organization goals, project organizational and department-specific volumes, recognize the relationship between volume and revenue, between volume and expenses, and set many of the organizational and department-specific budgetary goals using peer benchmarks; are the issues discussed in this seminar. We also discuss how to prepare various Budgets including Cash budgets.

• Financial Planning and Control
• Budgets and Strategic Planning and Implementation
• Steps in Developing an Operating Budget Cash
• Budget, Budgeted Income Statement, and Balance Sheet
• Budget Preparation Case Study
• Budgeting, Responsibility Accounting and Human Aspects of Budgeting
• Capital Budgeting
• Sensitivity Analysis in Budgeting
• Cash Budgeting
• Budgeting and IT (1)
• Budgeting and IT (2)
• Interpreting Budget Reports (Variances) – General Session
• Interpreting Budget Reports (Variances) – Work in Teams

The program is designed to benefit Managers, Executives, and Company Directors/Owmers without accounting/finance skills or knowledge but keen on translating their strategies into financials.

• Knowledge of the common accounting tools companies use for planning and controlling what they must do to satisfy their customers and succeed in the marketplace.
• Provision of a measure of the financial results companies expect from their planned activities.
• Knowledge of how to anticipate potential problems and avoid them.
• Instead of subsequently facing problems, managers can focus their energies on exploiting opportunities

DATE:

CGFL06,Ground Floor Cancer Block, Eleganza Building 1, Commercial Road, Apapa Lagos.