This workshop, "Planning, Budgeting, and Cash Budget," spans three days and covers essential financial management topics. Day 1 introduces budgeting fundamentals, including standard costs and planning concepts, while Day 2 delves into master budget development and strategic planning, encompassing various budgets and financial projections. Day 3 emphasizes flexible budgeting, variances analysis, and the application of standard costs in budget development. Through practical exercises and discussions, participants acquire the skills to efficiently plan, budget, and manage cash flow within their organizations.
Describe the concepts of strategic planning, strategic budgeting, and master budget.
Describe the advantages of budgets and benchmarking.
Describe responsibility centers and responsibility accounting
Recognize the human aspects of budgeting
Compute price variances and efficiency variances for direct cost categories
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.