Course Details
Course Outline
5 days course
- Introduction
- Assess organization existing spending budget, manager ‘s funds, spending budget forms, and pre-budgeting activity
- Recognize natural issues in the process of budgeting
- Evaluate just how budget plans enable the presence of inherent issues
- Recognize the “must” components of preparing a budget
- Evaluate your finances plans
- Identify as well as determine an organization ‘s outputs
- Determine what settings those outputs
- Verify tkinds of the organizational inputs
- Intergrate the inputs especially to your organization
- Identification of costs & cost drivers
- Preparation for uncertainty
- Realizing assumptions as vital tools to overcome uncertainty
- Determine uncontrollable internal factors and outside environmental factors
- Provide individuals with resources to properly communicate problems and opportunities in meaningful terms to employers, subordinates, and peers
- Recognize the sources of budget numbers
- Specify the crucial questions that should be answered prior to revenue forecasting
- Recall the concepts of proper cost budgeting
- Verify the various kinds of capital expenditures
- Formulate procedure for getting budget approval
