Annual Budgeting Fundamentals for Any Professionals and Any Organizations

Businesses and organizations face budgeting issues on annual basis. Well-planned budget that well-aligned with the strategic objectives of the organization will definitely be vital for any organization’s well-being and even sustainability in the market. This process involves all key stakeholders in the organization to have a good and solid background in developing the next year’s budget requirements. From lower level to the highest level of the organization.

Yet proper and adequate budgeting skills for managers, team leaders, and key team members has always been a challenge for some organizations. Some non-financial-background teams or newly promoted unit-leaders usually dread this process. And failure in performing this basic necessity in annual planning process will lead to bigger problems for organizations. Miscalculations, declining competitiveness, failed product/services, low morale, and so on.

Budgeting Skill for Professionals program is aimed to help professionals and organizations in understanding and exercising basic but necessary aspects in developing their unit budget all the way up to the corporate level. Improving and empowering them in getting the budgeting process and result right. Making them and the organization powered up for the next year’s programs.

Truly, this budgeting skill is one of the most important business skills that every organization’s leaders at all levels must start acquiring. Having this skill will enable them to perform well in any of their works and assignments, and will definitely be reflected in their organization bottom line.

Start preparing your corporate budget process now and better execute your next year’s programs.

Outline

• What is Budgeting? Corporate Budgeting?
• Fundamental of Budgeting
• Budgeting Objective
• Forecasting Process
• Budget Cycle
• Budget Method and Analysis
  • Horizontal Analysis
  • Vertical Analysis
  • Trend Analysis
  • Ratio Analysis
• Financial Ratio & Analysis used in Budgeting
  • Liquidity Ratio
  • Activity Ratio
  • Profitability Ratio
  • Leverage Ratio
• Monitor Budget Performance
• Projected Financial Statement
• AFN (Additional Fund Needed)
• Introduction to Capital Budgeting
  • Payback Period (PP)
  • Net Present Value (NPV)
  • Profitability Index (PI)
  • Internal Rate of Return (IRR)

Recommended Participants

This program is recommended for any new or non-financial professionals, supervisors, or managers who are responsible in developing their unit or corporate budget.