Workshop Overview

Overview : 

• Planning and budgeting are must-have skills for all professionals regardless of their function or
managerial level.
• This workshop covers the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to making long-term and short-term planning decisions.

The Learning Objectives : 

 Defend the importance of linking an organization's budget with its
strategic plan
 Demonstrate how the budget relates to the key financial
statements: balance sheet, income statement, and cash flow
 Prepare the key elements of an operating and capital budget and
evaluate the different budgeting approaches used
 Apply cost control tools, analyze management variance reports
and take proper corrective action
 Utilize cost-volume-profit analysis in making budgeting decisions