Budgeting and Budgetary Control (14 hrs)

Course Code: FI-BABC-02

This 2-Day course is specifically designed for non-finance professionals to learn about the importance of budgeting in planning, control, decision making, and performance measurement. It allows them to acquire the various capital budgeting techniques to make investment decisions.

  • Understand the purpose and process of budgeting
  • Preparing the functional budgets and master budget (including cash budget)
  • Understand flexible budget and how it can be used for sensitivity analysis
  • Understand alternatives to traditional budgeting
  • Understand behavioural aspects of budgeting
  • Use of variance analysis for control and decision making
  • Evaluate capital budgeting decision using discounted cash flow analysis
  • Understand the impact of taxation and inflation on capital budgeting
  • Understand and compute the cost of capital for capital budgeting

Budgeting fundamentals

  • Purpose of budgeting
  • The budgeting process
  • Functional budgets vs. master budget (including cash budget)
  • Incremental budgeting vs zero-based budgeting
  • Flexible budgeting and rolling budgets
  • Behavioral aspects of budgeting

Variance analysis

  • Sales and cost variances
  • Reasons for variances
  • Managerial control and decision making

Capital budgeting

  • Characteristics of capital budgeting
  • Capital budgeting techniques: non-discounted cash flow vs discounted cash flow
  • Sensitivity analysis
  • Impact of taxation and inflation on capital budgeting
  • Risk and uncertainty
  • Cost of capital

Participants will undergo experiential learning through hands-on exercises and worksheets to understand and apply the concepts learned during the course.

This course is suitable for non-finance managers, senior officers, directors, project managers, marketing managers, and head of department.

Duration : 2 days (14 hrs)
Time : 9:00am – 5:00pm

Course Fee : $700.00
Nett Fee Incl. 7% GST : $749.00

Key Benefits
  • Understand the purpose and process of budgeting
  • Preparing the functional budgets and master budget (including cash budget)
  • Understand flexible budget and how it can be used for sensitivity analysis
  • Understand alternatives to traditional budgeting
  • Understand behavioural aspects of budgeting
  • Use of variance analysis for control and decision making
  • Evaluate capital budgeting decision using discounted cash flow analysis
  • Understand the impact of taxation and inflation on capital budgeting
  • Understand and compute the cost of capital for capital budgeting
Course Contents

Budgeting fundamentals

  • Purpose of budgeting
  • The budgeting process
  • Functional budgets vs. master budget (including cash budget)
  • Incremental budgeting vs zero-based budgeting
  • Flexible budgeting and rolling budgets
  • Behavioral aspects of budgeting

Variance analysis

  • Sales and cost variances
  • Reasons for variances
  • Managerial control and decision making

Capital budgeting

  • Characteristics of capital budgeting
  • Capital budgeting techniques: non-discounted cash flow vs discounted cash flow
  • Sensitivity analysis
  • Impact of taxation and inflation on capital budgeting
  • Risk and uncertainty
  • Cost of capital
Learning Methodology

Participants will undergo experiential learning through hands-on exercises and worksheets to understand and apply the concepts learned during the course.

Who Should Attend

This course is suitable for non-finance managers, senior officers, directors, project managers, marketing managers, and head of department.

Course Details

Duration : 2 days (14 hrs)
Time : 9:00am – 5:00pm

Course Fee : $700.00
Nett Fee Incl. 7% GST : $749.00

Course Application

Details Registration
February 17, 2020 - February 18, 2020 (9:00 am - 5:00 pm) Closed
August 17, 2020 - August 18, 2020 (9:00 am - 5:00 pm) Register Now
November 23, 2020 - November 24, 2020 (9:00 am - 5:00 pm) Register Now