Course overview

Budgeting lies at the heart of business management, yet businesses often encounter financial difficulties as a result of either inadequate planning or errors within the compilation of the budgets.

Course objective

• Adopt the language of accounting and finance.
• Develop a sound understanding of the management reporting
• IFRS and their impact on financial reporting.
• Understand the basic principles of assets, liabilities and owners' equity.
• Prepare a budget consistent with the organization's strategic plan
• Demystify the interpretation of financial statements and reports.

Who should attend?

All managers, supervisors and analysts who prepare and/or use management budgets All managers, supervisors and analysts who prepare and/or use management budgets

Course outline

• Introduction
• Principles of Budgeting
• Types of Budgets
• Project Budgeting
• STRATEGIC PLANNING
• Balance Sheet
• Income Statement
• Statement of Changes in Equity, and Statement of Recognized Income and Expense
• Financial Instruments - Assets
• Liabilities and Revenue Recognition

Training methodology

• Presentation & Slides
• Audio Visual Aids
• Interactive Discussion
• Participatory Exercise
• Action Learning
• Class Activities
• Case Studies
• Workshops
• Games & Role plays