Budgeting for Efficient Economic Management Training
There is a need for this professional short course in Budgeting for Efficient Economic Management to enable the organizations management. All organizations need to manage performance so that their financial and strategic objectives are achieved and management and financial stakeholders can be confident in the associated control processes. The proper construction and control of budgets is central to this, to safeguard the organization’s viability and the effective delivery of its objectives. This requires a comprehensive financial planning and approval framework; consistent and rigorous processes for constructing budgets, both capital and revenue; sound methodologies for assessing the financial impact of proposed expenditure; compatibility with other management and performance data, and a control system that sets clear responsibilities and produces prompt and accurate monitoring information on performance against budgets. This course is designed to equip all Staff involved in the budgeting and forecasting process, and their supervisors and managers. This program will benefit professionals who want who want to round out their professional education as they take on more management responsibility.
Who should attend?
This course will benefit:
• Finance Managers
• Planning/Budget Controllers
• Cost Controllers
• Middle Management officers in Planning /Budgeting
• Financial and Product Control
• Finance Business Partners
• Management, Statutory and Regulatory Reporting
• Auditors and Internal Control
• Accountants and Consultants.
Training Outcomes.
After completing this course you will be conversant with
✓ Accounting fundamental’s
✓ International financial reporting standards
✓ Key accounting terms
✓ Accounting cycle
✓ Basics of the accounting cycle
✓ Analyze, record, and post transactions
✓ Trial Balance
✓ Income Statement
✓ Prepare and interpret an Income Statement
✓ Balance Sheet
✓ Prepare Balance Sheets
✓ Interpret Balance Sheets
✓ Other financial statements
✓ Cash Flow Statement
✓ Statement of Stockholders’ Equity
✓ Budgeting
✓ Analyze financial statements
✓ Set objectives
✓ Monitor performance
✓ Cash management
✓ Fundamentals of cash
✓ Bank reconciliation
✓ Maintaining control of cash
✓ Financial Risk Analysis Techniques
✓ Risk assessment
✓ Risks, consequences and sustainability
✓ Analysis of financial statements
✓ Importance of analyzing statements
✓ Ratio analysis of a Balance Sheet
✓ Analysis of Income Statements
✓ Profitability from Income Statements
✓ Comparative and percentage analyses
✓ Inventory and depreciation
✓ Basics of inventory and depreciation
✓ Inventory costing methods
✓ Depreciation methods
✓ Application of accounting methods
✓ Calculating depreciation
✓ Computer applications in Accounting
Way forward After the Training
Participants will develop a work plan through the help of facilitators that stipulates application of skills
acquired in improving their organizations. ASPM will continuously monitor implementation progress after the training.
Training Evaluation:
Participants will undertake a simple assessment before the training to gauge knowledge & skills and
another assessment will be done after the training in-order to monitor skills gained through the training.