Compliment: A complete set of Budgeting Templates will be provided. Highly valuable. Workshop Format
[01] INTRODUCTION
The success of a company is determined by its profitability and financial stability. In this case, planning ahead with sound annual budget is a key component. Budgeting is a financial plan that details out a company’s expectations for a period of time (normally a year) to be achieved and not as commonly mistaken to be a plan to spend money. Budgeting is a serious undertaking, understanding and commitment to the process by management and staff are crucial to the process from formulation to oversight or control.
This seminar intends to give the participants a working understanding of cost concepts, costing methodologies, and the entire budgeting process through the 4 stages in the budget cycle. Participants will then go through a process of building up the entire system of budgets from the Sales Budget all the way to the 2 Master Budgets.
[02] LEARNING OUTCOME
- Learn the definition of a profitable and financial stable company
- Analyze the 3 financial statements using financial ratios to identify the strengths & weaknesses of a company
- Understand how cost concepts and costing methodologies influence the working of the budgeting process and their application
- Recognize the links between strategic planning, budget setting, and the financial outcomes
- Exposed to budgeting process through the framework and the 4 stages of the cycle, widely used methods
- Experiencing building up functional budgets and link them to the master budgets
- Understand variance analysis in the oversight of the budget
- Addressing the variances between ‘budget and actual’ for better control and co-ordination of the business
[03] WHO SHOULD ATTEND
- Business owners and entrepreneurs
- Company directors
- Finance Managers and executives
- Accountants and Accounts Executives
- Business managers / executives from all departments
- Anyone who wishes to learn budgeting and control
[04] DATE/ TIME/ FEE
- Date: 7-8 March 2024 (Thu-Fri)
- Time: 9.00am - 5.00pm
- Venue: CPD Academy, RIO Puchong
- CPD: 14 Hours
- Level: Intermediate
Fee: [HRD Corp Claimable]
- Early Bird Offer (before 18 Feb 2024) - RM1550
- Special Offer (before 2 Mac 2024) - RM1620
- Normal Fee - RM1700
- Fee includes Course Notes & Certificate of Completion and 8% Service Tax
** OFFER **
- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.
HRDCorp Claimable Course:
Trainer MyCoiD: 429594X
Course Scheme: HRDCorp Claimable Course
Course Type: Public
Course Code: 10001245331
[05] COURSE OUTLINE
Day 1
[01] Understanding Business Success
- Value creation and profitability
- Financial stability and cash flow
- An overview of financial statements
[02] Cost and Costing for Budgetary Purposes
- Cost Definitions, Concepts and Behaviors
- Cost Allocation, Apportionment and Absorption
- Marginal Costing vs Full Costing
- Activity Based Costing (ABC)
- Standard Costing
[03] Budgeting Framework & Process
- Introduction to Planning & Budgeting
- Budgeting System and Pre-requisites
- Hierarchy of Budgets and Key Factors
Day 2
[04] Budgeting & Planning in Action
- Budget Planning
- Structure of Principal Budgets
- Construction of Key Budgets
[05] Case Study / Project
- Budgeting exercise - From departmental budget to Master Budget
[06] Budgetary Control and Variance Analysis
- Understanding Budgeting Control and Variance Concept
- Variance Analysis as a Management Tool
- Variance Reporting
[06] TRAINER PROFILE
WINSON HAN
Chartered Accountant, Consultant, HRDF Certified Trainer
CA (M) CA (ANZ) B COM
Winson is a Chartered Accountant by profession and has over 30 years of experience having served in various roles as practicing accountant, company secretary, financial controller and management consultant. He presently consults and advises companies to better manage their businesses through an integrated process covering strategic planning; tactical design, planning (financial and otherwise) and implementation; and monitoring, review and analysis. A key focus of his consultancy is to help clients to better manage and utilize their cash resources and to restore a financially sickened company to good health.
Besides consulting, Mr. Han is also actively involved in conducting public and in-house seminars targeting the non-financial audience in financial management and analysis, financial planning & budgeting, cost management, SST/GST and credit and cash flow management.
He is a PSMB (HRDF) certified trainer and holds a degree in commerce from New Zealand and is a member of the newly merged institute known as “Chartered Accountants Australia and New Zealand” and Malaysian Institute of Accountants.
[07] ENQUIRY/ REGISTRATION
Email： yes@sst2u.com
Contact:
- General (03 - 8604 7270)
- Teo (011 - 3178 9203)
- Logesh (012 - 503 0346)
- Siti (012 - 383 8603)
- Han (019 - 323 0507)