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The managers most likely to succeed in today’s business environment are those who understand how to use budgets as business tools for departmental and personal success. This course is an exposition in the budgeting process, from preparing a forecast to monitoring variances and making adjustments. You will learn the essential skills needed to produce accurate and useful budgets, including an understanding of the budgeting cycle—preparing, writing, and monitoring. You will also learn how to create a personalized budgeting system, anticipate revenues and estimate expenditures, correct errors, and motivate self and staff to achieve financial targets.
Topics Covered
- Why budget?
- Budgeting and business strategy
- Managing the budgeting process
- Identifying and recognizing potential problems
- Tailoring a budget
- Standardizing a budget
- Anticipating revenues
- Estimating expenditure
- Consolidating budget
- Monitoring variances
- Making adjustments
- Recognizing behavioral problems
- Building on budgeting
For more information or to enquire about a customized ifocus workshop, please phone +234 803 213 4350
or email info@skoptimalsolutions.com.