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Budgeting for Managers Course

INTRODUCTION

This course teach the participant how to make budgeting a powerful, interesting tool. Participants will learn practical skills for assessing the current budget and costs, identifying organizational inputs and outputs, preparing for problems, and achieving financial objectives.

DURATION

5 Days

WHO SHOULD ATTEND?

All management employees and their assistants who are involved in the budgeting process

 LEARNING OBJECTIVES

At the end of this IRES training course, you will learn:

  • Recognize the principles, techniques and practices applicable to every business
  • Identify how budgeting principles, techniques and practices apply
  • Evaluate the use of your budget forms

TOPICS TO BE COVERED              

Module 1

  • Introduction
  • Assess organization  present budget, manager's budget, budget forms, pre-budgeting activity and budgeting process
  • Recognize inherent problems in the budgeting process
  • Evaluate how budget plans allow for the occurrence of inherent problem

Module 2

  • Distinguish the “must” elements of planning a budget
  • Evaluate your budget plans
  • Identify and define an organization's outputs
  • Determine what controls those outputs

Module 3

  • Verify the three kinds of organizational inputs
  • Integrate these inputs specifically to your organization
  • Identify costs and cost drivers
  • Prepare for uncertainty

Module 4

  • Recognize assumptions as powerful tools in overcoming uncertainty
  • Determine outside environmental factors and internal uncontrollable factors
  • Provide participants with tools to effectively communicate opportunities and problems in meaningful terms to bosses, peers and subordinates
  • Recognize the three sources of budget numbers

Module 5

  • Specify the key questions that must be answered before revenue forecasting
  • Recall the principles of effective cost budgeting
  • Verify the different types of capital expenditures
  • Formulate process for obtaining budget approval

 

 

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817,+254 (020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B 26th August 2019.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 02-09-2019
Event End Date 06-09-2019
Cut off date 26-08-2019
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
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