Budget Preparation Skills

Budget Preparation Skills

KTI BUDGET

Introduction

Modern businesses are an epitome of uncertainty and complication. Over the period,
this uncertainty and complexity in business has led to the development of various
managerial tools, techniques and procedures useful in managing business successfully.
Of all these, budgeting is the most common and widely used standard device for
planning and control. This course provides fundamental understanding of budgeting,
budgeting process and includes a practical guide for preparing and mastering financial
budgets. The Budget Preparation Skills again focuses on the essential skills required to
understand the processes of costing and budgeting within organisations.

Who Should Attend?
- The staff person who will be responsible for entering data into the budget system
or training others how to enter information
- Every professional involved in the global financial services industry.

Upon completion, participants will be able to;
- Learn costing and budgeting terminology used in business
- Understand the importance of a well-defined costing and budgeting process
- Determine full costs of outputs for the goods and services provided
- Master traditional techniques and recent best practices
- Link finance and operation for budgeting purposes and strategy execution
- Learn how to build a comprehensive performance measurement system

Learning Outcomes
- Identify the key factors required to understand business processes
- Develop proper system of cost analysis for budgeting purposes
- Master the budgeting and financial skills required for better decision-making
- Identify sources of financial and operational data to support the budgeting
process
- Learn new best practices to manage organisational performance

COURSE OUTLINE

MODULE 1: Budgeting
MODULE 2: TYPES OF BUDGETS
MODULE 3: APPROACHES TO BUDGETING/VARIANCES
MODULE 4: PREPARING A BUDGET

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