FULL BUDGETING & COST CONTROL TRAINING - NOVEMBER 16TH & 17TH 2017

From - November 16th 2017      To - November 18th 2017
Venue - VILLA ROSA KEMPINSKI NAIROBI

Program Overview

Annual Budgeting, if applied effectively, is a powerful Strategy Implementation tool. Furthermore, effective management of budgets to manage and control operational cost and cash flows is a key aspect in leading and managing successful organizations. Effective Budgeting skills are therefore important for all managers regardless of their function or managerial level- Skills that all Managers, HODS, Section Heads, etc. must get to ensure that they Own and Deliver on their Budgets and that they are central in achieving of organization short-term and long term goals.

Course Objectives

By the end of the course, participants will:

  • Gain insights on how to link an organization's Budget with its Strategic plan.
  • Understand the various types of Budgeting Approaches and Identify the most appropriate
  • Appreciate in detail how to do Activity Based Budgets
  • Prepare Operational, Capital and Cash flow Budgets for their areas of operations
  • Embed the concept of Keizen and Continuous Improvement in the Budgets
  • Apply cost control tools, analyze management variance reports and take proper corrective action
  • Get Practical Insights on Linking the Budgets with the Organizations Performance Measurement
  • Get fully involved in the Organizations Budgeting Process and thereby be central in organization attaining short term and long term objectives.
  • Budget Ownership by HODs and Functional Managers.
  • Embed a strong Budgeting Culture in the Organization.

Who Should Participate

All involved in Planning, Strategy and Budgeting Process, ie- CEOs, HODs, Strategy, Planning & Budgeting Staff, Heads of Sections, All Managers, Supervisors, All Budget Holders, Finance and Accounts Staff, Planning & Budgeting Accountants, Reporting Accountants.

Note

  1. Cost includes Facilitation, Training Materials, Lunches, Teas, Refreshments, Certificates.
  2. Organizations sponsoring more than 3 participants get the 4th to attend free.
  3. Participants are issued with a certificate of participation. ICPAK Members get CPD Hours in accordance with ICPAK rules. IHRM Members can claim CPD Points.
  4. This program is approved by NITA (National Industrial Training Authority). Participating organizations are eligible to claim refund of training cost in accordance with NITA rules

 

Detailed Coverage

  1. Annual Budgets as a Strategy Implementation Tool
  2. Linking Annual Budgets to Organizational Strategic Plan
  3. Budgeting Approaches
  4. Activity Based Budgeting
  5. Budgets as a Tool For Cost Control
  6. Managing Cash flows using the Budgeting Process
  7. Budget Implementation, Monitoring & Control
  8. Variance Analysis- Functional Managers Roles
  9. Taking Corrective Action
  10. Getting Ownership & Buy In
  11. Embedding KPIs and the Balanced Scorecard in the Budgeting Process. 
Finance, HODS and OPERATIONAL MANAGERS

Fees : Ksh 45000 plus VAT

Select number of attendees

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