Introduction
This course empowers participants to transform budgeting into a dynamic and engaging tool. Attendees will acquire practical skills for evaluating current budgets and costs, identifying organizational inputs and outputs, preparing for potential challenges, and achieving financial goals.
Duration
5 Days
Who Should Attend?
This course is designed for all management employees and their assistants involved in the budgeting process.
Course Objectives
- Understand the principles, techniques, and practices applicable to every business.
- Learn how budgeting principles, techniques, and practices are applied.
- Assess the effectiveness of your budget forms.
Course Content
- Introduction
- Evaluate the organization’s current budget, manager’s budget, budget forms, pre-budgeting activities, and budgeting process.
- Identify inherent challenges in the budgeting process.
- Analyze how budget plans accommodate inherent challenges.
- Identify essential elements of budget planning.
- Review your budget plans.
- Define and identify an organization’s outputs.
- Determine what influences those outputs.
- Recognize the three types of organizational inputs.
- Integrate these inputs specifically into your organization.
- Identify costs and cost drivers.
- Prepare for uncertainties.
- Use assumptions as powerful tools to overcome uncertainties.
- Identify external environmental factors and internal uncontrollable factors.
- Equip participants with tools to effectively communicate opportunities and challenges to superiors, peers, and subordinates.
- Recognize the three sources of budget numbers.
- Identify key questions that must be answered before revenue forecasting.
- Understand the principles of effective cost budgeting.
- Identify different types of capital expenditures.
- Develop a process for obtaining budget approval.
General Notes
- All our courses can be tailored to meet participants’ needs.
- Participants must have a good command of the English language.
- Our training includes well-guided presentations, practical exercises, web-based tutorials, and group work. Our facilitators are experts with over a decade of experience.
- Upon completion of training, participants will receive a certificate from Stepsure Training And Research Institute.
- Training will be conducted at Stepsure Training And Research Institute centers. We also offer in-house and online training according to the client’s schedule.
- Course duration is flexible, and content can be adjusted to fit any number of days.
- The course fee for onsite training includes facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
- Accommodation, pickup services, freight booking, and visa processing arrangements are available upon request at discounted rates.
- Tablets and laptops can be provided to participants at an additional cost.
- One year of free consultation and coaching is provided after the course.
- Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
- Payment should be made before the commencement of the training or as mutually agreed upon, to the Stepsure Training And Research Institute account, to ensure better preparation for you.
- For any inquiries, please reach us at info@stepsureresearchinstitute.org or call us at +254 723 482 495
- Website: stepsureresearchinstitute.org
