In the present conditions that face management today, budgeting and accurate forecasts need to be embarked on. Thorough effective planning, recognising the effects of the internal and external environment, inclusiveness of all stakeholders , fairness, transparency, realistic forecasts and cost conscious decisions can only the possibility of well structured budgets and forecasts be evident.

The thriving business environment in the East Africa has undoubtedly earned increased profits and impressive revenues over the years. However, keeping in mind of high costs incurred due to logistics, unexpected expenditures and the external environment, the challenge is maintaining a budget management that has a strong balance in allocating resources, drive and track revenues and project accurate cash flows. More importantly, by implementing a clear cost control structure, cash crunch situations can be diffused. Forecasting tools then comes into play to seal the deal, further setting an organisation in a class of its own.

At the effective forecasting, budgeting and cost control trainings for finance and non finance, the executive delegations will understand the full spectrum of crucial techniques in various segments across all industries. The executive delegation will also receive vital inputs on best practices used to improve on the overall budgeting system.

Key Topics

- Aligning organisational goals with budget objectives to ensure budgets reflect them

- Revealing the core principles of priority based budgeting

- Understanding the different ranges of practical budgetary techniques

- Discovering various forecasting techniques that will provide correct estimations for sales, expenses and other budgeted items

- Employing budgets as a performance management tool

- Managing an existing budget to reduce budget deviations

- Discovering the pertinent skills necessary to implement effective budgets

- Examining budgeting based on activity based costing

- Analysing and controlling costs through use of modern and relevant budget techniques

Key Features

- Incorporating budgeting best practices to improve accuracy

- Learning best processes for optimising budgeting and forecasting processes

- Discovering the pertinent skills necessary to implement effective budgets

- Ensuring your budgets are in line with the fiscal reality of your organisations environment

- Overcoming forecasting challenges and avoiding the variances on the reporting

- Analysing the impact of budgets on organisational performance and the bottom line

- Understanding the differences between ABC and standard costing techniques