OBJECIVES By the end of the program, participants will be able to: - See how the budget relates to the two key financial statements: balance sheet and income statement
- Prepare a budget consistent with the organization’s strategic plan
- Use appropriate estimation techniques in the development of revenue and expense budgets
- Identify all the appropriate costs to be included in a capital expenditure proposal
- Analyze management cost reports and take corrective action
COURSE OUTLINE 1. Principles of Budgeting and Cost Control - The Critical Functions of Management
- The Budget as a Key Financial Statement
2. Linking the Tactical Budget to Strategic Objectives - The Strategic Planning Process
- Goals for the Budget Year
3. The Operating Budget - Analysis into Quarters and Months
- Seasonal Factors
4. Expense Budgeting - Zero-based budgeting
- Detail and Completeness
- Allocations from Cost Centers
5. Budgeting and Costing Techniques - Forecasting Methods
- Break-even Analysis
- Use of Standards
- Trend Analysis
- Cost Estimation
6. Project Budgeting - Project Planning
- Direct and Indirect Projects Costs
7. Capital Expenditure Budgeting and Analysis - Accounting Rate of Return
- Payback Period
- Net Present Value
- Internal Rate of Return
- Approval for Expenditure (AFE)
8. Cost Control and Management Budget Reports - Approaches to Cost Control
- Understanding the Need for Timeliness and Precision
- Variance Analysis
COURSE PARTICIPANTS - All managers, supervisor and analysts who prepare and/or use management budgets
- Financial, material, accounts payable and receivable accountant/supervisor.
- Planning and budgeting analyst.
- Other professionals who wish to refresh and extend their skills in operational accounting.
|  |
Instructor
Schedule
| | November 24-26, 2009 | | | 3 days |
Venue
Tuition Fee
| Rp. | 5.250.000,- |
| per participant, excluding accommodation & tax. |
Registration
| | Send by email -or- fax to: | PT. FOCUS TRACO INDONESIA
Wisma Pakuan, Jl. Pakuan 12
BOGOR - 16143
|
