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The Essentials of Budgeting

The Essentials of Budgeting


The Essentials of Budgeting


Like it or not, the budget is the yardstick that top management uses to measure your actual performance. And in today’s tight economy, the manager who knows budget planning and how to apply it effectively wins hands down over the one who doesn’t.

So, if you’re a new manager who’s “just a little nervous” about budget planning...or an experienced one who wants to get a lot more out of the yearly chore...or if you just want to “hold your own” with financial managers, this seminar is for you.


By the end of the program, participants will be able to:

  • Define Planning and Its Purpose within Your Organization
  • Describe the Planning and Budgeting Cycle
  • Explain the Strategic Planning Process
  • Perform a Strategic Analysis of Your External and Internal Environment
  • Explain the Different Types of Budget Preparation Methods and Identify the Most Appropriate One for Your Organization
  • Describe and Perform the Basic Steps in Preparing an Operating Budget
  • Prepare a Departmental Spending Budget
  • Identify Opportunities for Cost Reduction
  • Manage Departmental Performance against Your Budget


Understanding the Planning and Budgeting Cycle

  • Define Planning and Its Relationship to the Budgeting Process
  • Explain Why Companies Budget
  • Describe the Planning Cycle in a Typical Organization

Tying Strategic Planning to the Budgeting Process

  • Explain the Strategic Planning Process
  • Explain How Strategic Analysis Is Related to the Planning and Budgeting Process
  • Perform a Strategic Analysis of the Internal and External Environment

Understanding the Budget Preparation Process

  • Describe the Typical Flow of the Budgeting Cycle in an organization
  • Identify the Major Contents of the Annual Business Plan
  • Explain the Different Types of Budgets, Their Purpose, and Limitations
  • Explain the Relationship between Budgets and Forecasts
  • Identify Ways to Improve the Budgeting Process in Your Organization

How to Prepare an Operating Budget

  • Explain the Sequence of Steps in Preparing an Operating Budget
  • Prepare a Sales and Cost-of-Sales Budget
  • Calculate Labor Hours Available and Use This Figure to Plan Headcount
  • Calculate Budgeted Overhead Rates
  • Budget Labor, Materials, and Overhead Costs in Total and Per Unit

Measuring Performance against the Budget

  • Identify Significant Variances
  • Analyze Budget Variances
  • Describe the Characteristics of a Good Budget Reporting System
  • Determine When a Budget Should Be Revised during the Year

Who Should Attend?

Every manager with budget responsibilities who is interested in developing or improving their budget planning skills.

Kuala Lumpur

# Price ($) From
To Action
1 2,750 05-02-2018 09-02-2018 Enquire
Course Code:2421
2 2,750 02-04-2018 06-04-2018 Enquire
Course Code:2422
3 2,750 04-06-2018 08-06-2018 Enquire
Course Code:2423
4 2,750 06-08-2018 10-08-2018 Enquire
Course Code:2424
5 2,750 01-10-2018 05-10-2018 Enquire
Course Code:2425
6 2,750 03-12-2018 07-12-2018 Enquire
Course Code:2426


# Price ($) From
To Action
1 3,250 23-12-2018 27-12-2018 Enquire
Course Code:2577
2 3,250 25-02-2018 01-03-2018 Enquire
Course Code:2578
3 3,250 29-04-2018 03-05-2018 Enquire
Course Code:2579
4 3,250 24-06-2018 28-06-2018 Enquire
Course Code:2580
5 3,250 26-08-2018 30-08-2018 Enquire
Course Code:2581
6 3,250 28-10-2018 01-11-2018 Enquire
Course Code:2582


# Price ($) From
To Action
1 4,250 24-12-2018 28-12-2018 Enquire
Course Code:4276
2 4,250 26-02-2018 02-03-2018 Enquire
Course Code:4277
3 4,250 30-04-2018 04-05-2018 Enquire
Course Code:4278
4 4,250 25-06-2018 29-06-2018 Enquire
Course Code:4279
5 4,250 27-08-2018 31-08-2018 Enquire
Course Code:4280
6 4,250 29-10-2018 02-11-2018 Enquire
Course Code:4281