The needs to link the budget to the organization’s strategic plan, advise the managers of the overall organization goals, project organizational and department-specific volumes, recognize the relationship between volume and revenue, between volume and expenses, and set many of the organizational and department specific budgetary goals using peer benchmarks; are the issues discussed in this seminar. We also discuss the how of preparing various Budgets including Cash Budgets.

Key Learning Objectives/ Benefits

• Knowledge of the common accounting tools companies use for planning and controlling what they must do to satisfy their customers and succeed in the market place.
• Provision of 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

Programmer Details

• Financial Planning and Control
• Budgets and Strategic Planning and Implementation
• Steps in Developing an Operating Budget, Cash
• Budget, Budgeted Income Statement and the Balance Sheet
• Budget Preparation Case Study
• Budgeting, Responsibility Accounting and Human Aspects of Budgeting
• Capital Budgeting
• Sensitivity Analysis in Budgeting
• Cash Budgeting
• Budgeting and IT (1)
• Budgeting and IT (2)
• Interpreting Budget Reports (Variances) – General Session
• Interpreting Budget Reports (Variances) – Work in Teams