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THE FUNDAMENTALS OF BUDGETING: THE CORNERSTONE OF EFFECTIVE FINANCIAL MANAGEMENT

VENUE: ETOP HOTEL, UYO, AKWA IBOM STATE, NIGERIA

 

DATE: MONDAY 26TH TO WEDNESDAY 28TH AUGUST, 2019

COURSE FEE: N80, 000

 

RATIONALE

Today, more than ever before, the ability to handle ” the numbers” is one of the most important business sills employees can possess. Crunching numbers and coming up with a budget can be very challenging. When you’re running a business, it is easy to get bogged down in day to day expenditure and forget the bigger financial plans.

However, successful business invest time to time to create and manage budgets, prepare and review business plans and regular monitor finance and performance. Every employee must understand how the strategy and planning advantages of a well – put- together budget can benefit your organization. Once your business is operational, it is essential to plan and tightly manage its financial performance. Creating a budgeting process is the most effective way to keep your business and its finances on track. Being responsible for the budgeting means you are playing a vital role in your organization’s future.

A budget enables one to pinpoint critical variables that impact profit thereby enabling a company successfully pursue business goals and create value. Therefore, this workshop will help its participants cut through layers of complex theory and confusing financial jargon and provide the “nuts and bolts” skills and techniques necessary to really understand budgeting process.

 

LEARNING OBJECTIVES:

At the end of the course, participants in addition, will be able to:

  • Learn the difference between a budget and a forecast
  • Learn the various steps of creating a budget
  • Understand the different approaches to budgeting
  • Understand the basics of production and raw materials budgeting
  • Learn how to budget for payroll
  • Understand how capital budgeting is different to other budgeting
  • Learn about return on investment (ROI) in order to make good decisions about capital budgets
  • Use variance analysis to assess performance against budget
  • Learn about budgeting for projects.

 

COURSE CONTENT

  • Basics and benefits of budgeting
  • Difference between a Budget and a Forecast
  • Different Budget approaches
  • Components of a master budget
  • Sales budget
  • Budgeting for a new business
  • Budget templates for unit managers
  • Budgeting for fixed and variable expenses
  • Budgeting for production and raw materials
  • Payroll and headcount budget
  • Budgeting for contingencies
  • Steps to creating a budget
  • Cash budgets
  • Budget review and variance analysis
  • Capital budgeting
  • Investment appraisal techniques
  • Budgeting for project

 

WHO TO ATTEND

  • Directors of finance/ Accounts/Budget
  • Head of accounts & Audits
  • Accountants & Auditors
  • Bursars
  • Budget Officers
  • Treasurers
  • Project Accountants/ Programme Manager
  • Finance & Budget Appropriate Officers
  • Strategic Financial Officers
  • Planning, Research and statistical desk officer

COURSE METHODOLOGY

Our programmes is practical in design orientation and utilizes up-till- date learning delivery methods including: syndicate work, group discussions, real – life case studies and lectures. The uniqueness of this programme is the strong emphasis on individual active participation and sharing of professional experiences. At Leading Edge Academy, we provide much –too- rare opportunity for our programmes participants to interact and mingle in an apex social setting exceptionally unique for peer- to – peer networking

We shall be deploying wide screen projectors to enable wide view thereby helping trainees to gain quick overviews of icons and their functionalities. trainees will receive courseware to guide them in subsequent practices and provide off – the – training references for practical adaptations. Our IT training gadgets including interactive devices that enable demonstrations. With the best hands, the training exercises have been adapted to suit adult learning experience.

COURSE FEE:

The course fee of N80, 000 (Eighty Thousand Naira) covers:

  • Tuition fee
  • Personal Assessment Test
  • Course materials
  • Writing materials and workshop bag
  • Daily buffet, lunch and double tea – breaks
  • Electronic documentation and online network access
  • Report of the course
  • Executive certificate

Participants should pay in through the account below:

Account Name:          Leading Edge Academy

Bank Name:                Access Bank Plc

Account No:               0060293978 (Naira)

                                      0016819814 (Domiciliary Account)

Sort Code:                  070080173

 

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