Effective Budgeting & Forecasting, Planning & Execution
This programme is designed to equip managers in drawing up achievable budgets. In a perfect competition market, the major decisions to increasing profit of the business are reducing cost and increasing revenue/sales. In a perfect competition market increasing sales becomes very difficult since there is closed substitute available. Therefore, drawing a budget and instituting cost control measures are seen as a vital business process for the success of every organisation. The effectiveness and interactive nature of this course will help participants with the budgeting techniques and practical tools in managing and controlling cost to achieve better financial performance.
The course will enhance the knowledge of participants in the budgeting process at every stage in the organization, give participants practical knowledge and skills to take back to the workplace and enhance company’s value and profitability.
Key Topics
- Financial Planning
- Budgeting Techniques and Processes Target and performance measurement as part of budgeting.
- Cost accounting principles and techniques. Forecasting of financial Statement Techniques
- The use of “What-if Analysis and Scenario Budgeting” Techniques
- Capital Budgeting and Investment Decisions
Course Objectives
At the end of this Quartsons training course participants/delegates should be able to:
Course Details
Planning & Execution