This Financial Planning, Budgeting, Projection, and Cost Control workshop will allow the participant to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.
Exercising the best practices in budgeting & the strategic role of cost concepts .
Exercising the role of the budget in the management process.
Explaining the concepts of the cost to the use of cost information for management control.
Identifying the importance of strategy and its role in the master budget.
Be familiar with the master budget and explain the interrelationships among its supporting schedule.
Gathering and Interpreting Information
Who uses financial information and why?
The flow of information in a company
The critical functions of management
Challenges in Information
Gathering and Interpretation
Aligning the budget with the strategy of the organization
Strategic Planning Framework (Road map to strategy)
Budget as a planning tool (Control: the missing link)
Organizational Structure Culture
Stakeholders and Business Partners
Measuring Organizational
Performance Sources of Organizational Information
Industry Attributes Industry
Benchmarks Industry
Uncertainty Sources of Industry Information
Macroenvironment Forces Metrics
Macroenvironment Sources of Macroenvironment Information
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.