Workshop Overview

Overview :

• Planning and budgeting are must-have skills for all
professionals regardless of their function or
managerial level.
• This workshop covers the concept of budgeting as a
planning tool, a financial device and a control
mechanism. In addition, it provides the necessary
application tools required to making long-term and
short-term planning decisions.

The Learning Journey :

- Defend the importance of linking an organization's budget with its
strategic plan
- Demonstrate how the budget relates to the key financial
statements: balance sheet, income statement, and cash flow
- Prepare the key elements of an operating and capital budget and
evaluate the different budgeting approaches used
- Apply cost control tools, analyze management variance reports
and take proper corrective action
- Utilize cost-volume-profit analysis in making budgeting decisions