Chrome Consultants

Effective Budgeting & Budgetary Control Strategies

Programme description & objectives

Programme description & objectives Aside from playing a vital role in creating and achieving a sound business strategy, this course shows how budgets can increase your everyday effectiveness. In particular, the course is structured to deliver on-the-job budgeting and regulatory control tools to participants. The program will also provide participants with techniques for preparing more accurate, realistic, and reliable estimates. Participants will develop higher skills in control and variance analysis devices that signal revenue, cost, and operations thresholds, pricing guidelines for products and services, planning and scheduling production and related costs, profit planning and the identification of looming problems. This seminar will enable delegates to: - Develop effective corporate financial plans aimed at maximising return and minimising risk - Evaluate the various methods of finance and make successful capital investment decisions - Prepare, manage and control budgets to support the corporate financial plans - Identify and manage financial risk effectively - Measure and manage performance effectively - Create opportunities for your personal development and increased financial awareness

Venues, Dates & Cost

VenuesDublinLondonDubaiEdmontonLagos/Abuja
DatesTBDTBDTBDTBDTBD
Cost$3,900 per participant (USD)(=N=)

For Whom

  • Finance Managers
  • Accountants in treasury functions
  • Officers responsible for cash management
  • Financial Analysis and Budgeting Managers and Supervisors

Snapshot of Course Content

Snapshot of Course Content

  • The what and why of budgeting: An Introduction
  • Strategic Planning and Budgeting: Process, Preparation and Control
  • Administering the Budget: Reports, Analyses, and Evaluations
  • Break-Even and Contribution Margin Analysis: Profit, Cost, and Volume Changes
  • Profit Planning: Targeting and Reaching Achievable Goals
  • Master Budget: Genesis of Forecasting and Profit Planning
  • Evaluating Performance: The Use of Variance Analysis
  • Manufacturing Costs: Sales Forecasts and Realistic Budgets
  • Marketing: Budgeting for Sales, Advertising, and Distribution
  • Research and Development: Budgets for a Long-term Plan
  • General and Administrative Costs: Budgets for Maximum Productivity
  • Capital Expenditures: Assets to be Bought, Sold, and Discarded
  • Forecasting and Planning: Reducing Risk in Decision Making
  • Moving Averages and Smoothing Techniques: Quantitative Forecasting
  • Regression Analysis: Popular Sales Forecast System
  • Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods
  • Financial Modeling: Tools for Budgeting and Profit Planning
  • Capital Budgeting: Selecting the Optimum Long-term Investment
  • Managers’ Performance: Evaluation on the Division Level