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
-
Reviewing budgeting
in present global business environment for a clear and updated understanding of
today’s budgeting processes
-
Improving budgets
and tactical planning to ensure the budget is aligned into your
organisation's planning processes
-
Exploiting capital
budgeting concepts to ensure more efficiency in the allocation of minimal
resources in your organisation
-
Conducting accurate
forecasting processes to establish measurements to guide management, facilitate
planning and goal-setting
-
Calculating means of
consolidating the completed budget into financial statements in excel to
increase transparency and business performance
-
Calculating
and
analysing commonly used financial ratios to test your budget prior to
approval
-
Projecting expenses
with the use of Activity Based Costing (ABC) and Activity Based Budgeting (ABB)
-
Computing variance
analysis using excel
-
Assessing and evaluating
risk and uncertainty associated with budgeting, forecasting and cost control in
your organisation
Key
Features
-
Exploring budgeting
as a competitive advantage for your organisation
-
Optimising
the
organisation's budgeting ability to anticipate possible changes in revenues and
return in times of fluctuation due to climate, seasonal, political and
financial factors
-
Understanding and responding
quickly to the impact of competitive forces and rapid changes in your
environment
-
Conducting
accurate
forecasting processes to establish measurements to guide management, facilitate
planning and goal-setting
-
Consolidating completed
budget into financial statements in excel to increase transparency and business
performance
-
Designing ABC
systems into your already existing systems in your organisation
-
Projecting
expenses
with the use of Activity Based Costing (ABC) and Activity Based Budgeting (ABB)
-
Framing and analysing
variances to support management decision-making
-
Assessing
and
evaluating risk and uncertainty associated with budgeting, forecasting and
cost control in your organisation
