Includes
Customer Support
BUDEGETING, FORECASTING, THE PLANNING PROCESS AND CONTROL
Date: 3 days, Jun.25 - Jun.27, 2025
Workshop Fee:
205000
Location: 13, John Olugbo Street, Off Toyin Street, Ikeja - Lagos, NG
Website: http://www.avantgardenigeria.com
Avant-Garde Resources Center (ARC)
Course Description:
Objective
The effective management of budgets and operational cost is a key aspect in leading and managing organizations. Nowadays, if contemporary organizations want to stay competitive, they are urged to think, plan and act in terms of value added to customers and shareholders. Along this line, budgeting, as well as tracking, controlling and reducing cost represent essential activities to be performed and monitored as strategies get executed.
In addressing these issues, this workshop is relevant for those professional and analysts facing the difficult challenges of improving performance while reducing costs of those processes for which there are accountable.
Content
The Budgeting Process
· The Key Features of Budgeting
· Advantages and Concerns with Budgeting
· Accountability and Centers of Responsibility
· Zero-Based Budgeting
· Budgeting and Cost Control
· People and Budget
Cost Analysis
· Different Costs for different Purposes
· Fixed vs. Variable Costs
· The Cost-Volume-Profit Analysis Model
· Contribution Margin Analysis
· Strategic Decision Making
· How to Cut Costs Strategically
Financial Strategy and Planning
· Key Drivers of Cash Flow
· Capital Investment Decision and Appraisal Tools
· Choosing the Right Source of Finance
· The Constraints on Financial Strategy
Forecasting Tools and Applications
· The Forecasting Process and Its Applications
· Basic Forecasting Techniques
· Projecting Sales Revenues and Value Based Pricing
· Identifying Key Business Drivers
· Common Problems to Improve Forecasts
· Variance Analysis
Beyond the Budgets: Balanced Scorecards and Six Sigma
· Performance Measurement Systems
· Integrating Financial and Non-Financial Issues
· Balanced Scorecard
· Strategy Maps
· Six-Sigma
FOR WHOM: Budget Managers, Heads of Departments, Supervisors, Managers, Human Resources Managers, Accountants, Auditors, Financial Planning and Control Staff, Management Accountants