From Planning to Profit: Effective Budgeting

Participants will demonstrate the ability to apply best budgeting practices and strategies in real-world scenarios, fostering better financial decision-making within their organizations.

These outcomes will ensure participants gain both foundational knowledge and practical skills in budgeting, preparing them to effectively manage financial resources.Participation in this program will yield numerous benefits for corporate clients and managers, entrepreneurs, which include:

• Define budgeting concepts and objectives.

• Ability to analyse financial statements to inform budgeting decisions.

• Ability to develop a budget using provided data, identifying revenue sources and expense categories.

• Participants will gain insights into how to conduct variance analysis to compare actual performance to budgeted figures.

• Participants will improve their skills in presenting budgeting information clearly and effectively to stakeholders.

Target Audience

The course is designed for business managers, marketers, HR practitioners, project managers, and entrepreneurs who want to enhance their financial literacy.

Learning Objectives

• Interpret and analyse financial statements to inform budgeting decisions.

• Develop effective budgeting and forecasting skills.

• Conduct variance analysis to compare actual performance to budgeted figures.

• Use of a budget as a performance management tool.