About Workshop
This training is designed to introduce participants to core budgeting principles and techniques:
After completion of the training participants would be able to:
- Follow-up and actively contribute in organizational budgetary process
- Formulate divisional budgets in a timely and accurate manner
- Evaluate business results in a budgetary context
- Apply sound financial management practices in running their business / divisions
Workshop topics to be covered:
1. How a rightly formulated budget helps in achieving departmental targets
2. What items in a budget are controllable and what are not; treatment of uncontrollable costs
3. How to set targets that are challenging and achievable
4. Essential financial measures for budgeting
5. Cutting edge budgeting: applying zero based budgeting in competitive contexts
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