This short course seeks to explain the link between an organisation’s budget and its strategic plan, advise managers of the overall organisational goal, project organisational and department-specific volumes, recognise the relationship between volume, revenue and expenses, and set organisational and department-specific budgetary goals using peer benchmarks.

Key Learning Objectives/ Benefits

• Knowledge of the common accounting tools companies use for planning and controlling what to do for customer satisfaction and market place success.
• Provision of a measure of the financial results a company expects from its planned activities.
• Ability to anticipate potential problems and how to avoid them.

Programme Curriculum

• 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