Budgeting and Budgetary Control

Overview:
Budgeting is the common accounting tool companies use for planning and controlling what they must do to satisfy their customers and succeed in the marketplace. Budgets provide a measure of the financial results a company expects from its planned activities. By planning for the future, managers learn to anticipate potential problems and how to avoid them. Instead of subsequently facing problems, managers can focus their energies on exploiting opportunities. Remember that, "few businesses plan to fail, but many of those that flop, failed to plan".

Programme:

• Budgets and the budgeting cycle
• The role of budgets in: strategic planning and implementation; performance measurement; employee motivation and coordination
• Steps in developing an operating budget
• Computer-based financial planning models
• Kaizen budgeting
• Activity-based budgeting
• Budgeting and responsibility accounting
• Human aspects of budgeting
• Preparation of budgets: the cash budget, the budgeted income statement and the budgeted balance sheet
• Sensitivity analysis and cash flows

For:    
Managers, executives and company directors / owner-managers without accounting/finance skills or knowledge but keen on translating their strategies into financials.

Date: 28-30 August 2012
Fee: N 210,000

Click here to register for the Budgeting and Budgetary Control Programme