BUDEGETING, FORECASTING, THE PLANNING PROCESS AND CONTROL

Content

The Budgeting Process

• The Key Features of Budgeting
• Advantages and Concerns with Budgeting
• Accountability and Centers of Responsibility
• Zero-Based Budgeting
• Budgeting and Cost Control
• People and Budget

Cost Analysis

• Different Costs for different Purposes
• Fixed Variable Costs
• The Cost-Volume-Profit Analysis Model
• Contribution Margin Analysis
• Strategic Decision Making
• How to Cut Costs Strategically

Financial Strategy and Planning

• Key Drivers of Cash Flow
• Capital Investment Decision and Appraisal Tools
• Choosing the Right Source of Finance
• The Constraints on Financial Strategy

Forecasting Tools and Applications

• The Forecasting Process and Its Applications
• Basic Forecasting Techniques
• Projecting Sales Revenues and Value Based Pricing
• Identifying Key Business Drivers
• Common Problems to Improve Forecasts
• Variance Analysis

Beyond the Budgets: Balanced Scorecards and Six Sigma

• Performance Measurement Systems
• Integrating Financial and Non-Financial Issues
• Balanced Scorecard
• Strategy Maps
• Six-Sigma

FOR WHOM: Budget Managers, Heads of Departments, Supervisors, Managers, Human Resources Managers, Accountants, Auditors, Financial Planning and Control Staff, Management Accountants

DATE:                    25th – 27th June, 2025

                               17th – 19th December, 2025