Course Overview
Budgeting lies at the heart of business management, yet businesses often encounter financial difficulties as a result of either inadequate planning or errors within the compilation of the budgets.
Course Objective
- Adopt the language of accounting and finance.
- Develop a sound understanding of the management reporting
- IFRS and their impact on financial reporting.
- Understand the basic principles of assets, liabilities and owners' equity.
- Prepare a budget consistent with the organization's strategic plan
- Demystify the interpretation of financial statements and reports.
Who Should Attend??
All managers, supervisors and analysts who prepare and/or use management budgets All managers, supervisors and analysts who prepare and/or use management budgets
Course Outline
- Introduction
- Principles of Budgeting
- Types of Budgets
- Project Budgeting
- STRATEGIC PLANNING
- Balance Sheet
- Income Statement
- Statement of Changes in Equity, and Statement of Recognized Income and Expense
- Financial Instruments - Assets
- Liabilities and Revenue Recognition
Training Methodology
- Presentation & Slides
- Audio Visual Aids
- Interactive Discussion
- Participatory Exercise
- Action Learning
- Class Activities
- Case Studies
- Workshops
- Simulation