Course Overview
Budgeting is an important management tool that every manager must be acquainted with. It is a tool which is required in day-to- day operations of an enterprise, department, section or unit. This course is designed to enable participants understand how to prepare budgets and use them effectively in managing their enterprises or organisations
Target group:
Lecturers, Managers, Officers, Trainers, Human Resource Development Managers, Heads of Department and training managers in co-operate entities
Duration – 1 week
Objectives:
Participants will be able to:
- Improve skills in financial planning and budgeting
- Acquire new techniques, steps and processes required for developing sound realistic plans and budgets
- Appraise investment opportunities for better decision making
- Use budgets as tools of control of expenditure and costs
- Prepare accountability reports related to budgets
- Use budgets to motivate the employees of their organisations
Content:
- Nature, scope and objectives of planning and budgeting
- Relationship between financial planning & financial management
- Budget organisation and administration
- Managing & controlling working capital
- Forecasting
- The budget preparation process
- Types of budgets
- Budgetary implementation & control
- Capital budgeting
- Current trends/challenges inplanning and budgeting
Training on project financial management for non-financial professionals’ course is delivered by our seasoned trainers who have vast experience as expert professionals in financial management. The course is taught through a mix of practical activities, theory, group works and case studies.
Training manuals and additional reference materials are provided to the participants.
Certification
Upon successful completion of this course, participants will be issued with a certificate on project financial management.
Tailor-Made Course
We can also do this as tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.
