Budget Preparation and Financial Planning Techniques Training
A budget is a business plan in which the results of all managerial, operational and financial activities projected for a specific future period of a company are calculated and balanced in an interactive and detailed manner. Grupas' Budget Preparation and Financial Planning Techniques training is designed to enhance organizations' financial planning competencies, optimize budgeting processes and spread the management-by-objectives approach across the entire organization.
The program consists of two parts: the definition of the budget, main budget components, budget types, preparatory work, its relationship with financial planning, fixed & variable concepts, traditional and zero-based budgeting and the formation of budget assumptions; followed by advanced budgeting topics such as economic indicators, revenue & expense analysis, activity-based costing, cost reduction strategies and budget consolidation.
Benefits for Your Organization
- Understanding the management-by-objectives approach and spreading it throughout the entire organization through budgeting techniques
- Clarifying corporate goals and objectives, and quantitatively planning the resources required to achieve them
- A holistic planning culture that addresses both the financial and non-financial perspectives of the budget together
- Interpreting the relationship between historical data and forward-looking indicators from a budgeting perspective
- Reducing financial risks through effective cash flow planning
- Increased efficiency and profitability through activity-based costing and cost reduction strategies
- Clarified roles and responsibilities in the budgeting process and accelerated consolidation processes
- Accurate and effective measurement of corporate performance
Who Should Attend?
Senior executives, process managers, finance managers and finance department employees.
Duration: 1 day of classroom training, attendance is limited to a maximum of 15 participants. A Certificate of Attendance is presented to all participants who successfully complete the training.
We are ready for enthusiastic collaborations — Grupas | people | process | technology
