Damian Tracey

To explore the technique of budgeting and how to expand IT into a more dynamic approach to budgeting which reflect and respond to the volatile business environment. To apply budgeting and operational control techniques within the context of organisational-wide database and information systems. To enhance participants performance in analysing and critically evaluating information to ascertain operational controls, performance measurement and decision making.

WHO SHOULD ATTEND

This practical programme is designed for line managers and supervisors, in particular those personnel whose performance is evaluated against financial criteria.

COURSE PROFILE

• Linking organisation's annual budget and strategic planning
• The role of budgeting and budgetary control

-          Planned revenues, expenses, assets, liabilities and cash flows

-          A control system to achieve desired objectives

• Capital expenditure budgets
• Operational budgeting
• The use of pivot tables and charting templates to:

-          Prepare budgets

-          Perform variance analysis

-          Perform/construct flex budgeting models

-          Charting the results

• Flexible budgeting

-          Recognising different cost behaviour patterns

• Computerised budgeting

-          Case study in budget preparation

• Alternative budgetary techniques
• Advanced costing methods

-          Activity based costing

-          Cost of quality reporting systems

-          Target costing

• Financial performance measurement reports

-          Ratio analysis

-          Residual Income

-          Shareholder value analysis

-          Economic value added

• Performance measurement

-          Benchmarking

-          The Balanced Scorecard

SKILLS ATTAINED

At the end of the course delegates will be able to:

• Create and assess budgets
• Develop activity based budgets
• Identify and establish financial plans
• Develop a capital expenditure budget
• Create financial forecasts
• Apply regression analysis techniques
• Implement zero based budgeting techniques
• Create inventory management procedures
• Identify performance targets and opportunities