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
