SMART Financial Budgeting and Control

SMART Financial Budgeting and Control is a two-day workshop where learners will be able to grasp in-depth understanding of Budgeting Concepts and Methodology surrounding cost management and budgeting. This cost is designed to help learners identify various types of budgets and provide learners the insights of an effective business unit’s operational budgets and its budget control system.

Objective

By the end of the course, learners will be able to:

• Understand the purpose and flow of budget preparation process
• Prepare various types of budgets, seek approval, and implement budgetary control
• Analyse business strategies and objectives and gain insights of cost behaviour
• Perform financial analysis to interpret business performance and highlight discrepancies
• Use budget as a regular working tool to manage the business performance
• Perform financial control to ensure compliance
• Use and appreciate a cloud-based accounting software to prepare financial budget

Outline

1. Introduction

• What is Budget?

2. The Basics of Budgeting

• Define the Importance of Budget
• Types of Budgets
• Understand where your budget fits in

3. The Fundamentals of Finance

• General Accepted Accounting Principles

4. The Budgeting Preparation Process
5. Monitoring and Managing Budgets

• Budget Control Plan

6. Budget Analysis

• Compare Budget with Forecast and Actual
• Financial Analysis

7. Getting Your Budget Approved

• Budget Approval Process
• Stakeholder Precautions

8. Comparing Investment Opportunities

• Payback Period,
• Break-Even Point
• Cost-Benefit Analysis
• Return of Investment

9. Case Study

• Preparing a financial budget
• Make decision based on different case study scenarios

10. Cloud-Based Accounting Software for Budgeting

Course Duration

2 days

Who Should Attend

Finance and Non-Finance Professional including Finance & Accounting Executives, Accountants, Heads of Department, Business Heads, GMs, and Entrepreneurs

Methodology

This course will be conducted where quizzes and group work will be used to reinforce learning. Illustrations and real-world examples from the trainer and participants experiences will be shared during the course. Case Studies, Discussion and Scenario-play and accounting software will be used to facilitate practical learning.

For Self Sponsored Participants:
SkillsFuture Credit is applicable for Singapore Citizens aged 25 years old and above only

COURSE SCHEDULE DETAILS ARE AS FOLLOWS:

FULL TIME COURSE FEE :  $600/-

Registration, material, & refreshment fees @ $50/-

TOTAL fees:$650/-

Students will receive the SMART  Financial Budgeting And Control,  upon completion of the course (subject to conditions).

NEXT INTAKES TARGET DATE:

FULL TIME: 1) Weekday/Weekend  (2 days from  9am to 5pm)

                               a) Oct 29 – 30 2024, 9am to 5pm

                               b) Nov 27 – 28 2024,  9am to 5pm

Minimum of 10 pax to commence and status will be updated, one week before the start date.      

***COMPLIMENTARY SUPPORT AFTER CLASSROOM HRS

SPECIAL FULL TIME for weekday or weekend : 

We offer customized class to meet the skills needs for you and organization.

Minimum of 4 pax to commence and status will be updated, one week before the start date.

PRIVATE COURSE (one to one learning – subject to availability of Trainer), can be arranged.   

Call 63362470(O) or 91008556(Maria) to find out more or to register for the forthcoming Intake.