INTRODUCTION

The utilization of a budget as a tool for a business' success is the main topic of this course. The strategies for evaluating current budgets, expenditures, identifying organizational inputs and outputs, preparing for emergencies, and achieving financial goals will all be covered in the course.

COURSE OBJECTIVES

• Recognize the tenets, methods, and procedures used by enterprises
• Recognize how to use budgeting approaches, principles, and procedures.
• Become knowledgeable with budget form evaluation.

DURATION

5 Days

WHO SHOULD ATTEND

All management staff members who are in charge of organizational budgeting, as well as those who support them, will benefit from this course.

COURSE OUTLINE

• Introduction to budgeting
• Organization’s budget, manager budget, budget forms, pre-budgeting activities and budgeting process
• Challenges in the budgeting process
• Contribution of budget plans in budgeting challenges
• Budget planning elements
• Budget plans evaluation
• Organizational outputs
• Output controls
• Organizational inputs
• Integration of inputs in business
• Costs and costs drivers
• Preparation for emergencies
• Assumption in handling emergencies
• Internal and external factors affecting an organization
• Communication tools
• Revenue forecasting
• Principles of cost budgeting
• Types of capital expenditures
• Budget approval

GENERAL NOTES

• Our seasoned instructors, who have years of experience as seasoned professionals in their respective fields of work, will be teaching this course. A combination of practical exercises, theory, group projects, and case studies are used to teach the course.
• The participants receive training manuals and supplementary reading materials.
• Participants who complete this course successfully will receive a certificate.
• We can also create a course specifically for your organization to match your needs. To learn more, get in touch with us at training@dealsontrainers.org.
• The training will take place at DEALSON TRAINERS IN NAIROBI, KENYA in Nairobi, Kenya.
• The training fee includes lunch, course materials, and lodging for the training session. Upon request, we may arrange for our participants' lodging and transportation to the airport.
• Payment must be made to our bank account before the training begins, and documentation of payment should be emailed to training@dealsontrainers.org