Please bring your laptop for the seminar
At the end of the workshop, participants shall be able to
introduction: why budget?
Evaluate performance and review plans
Financial planning
Revenue budgets
capital budgets - strategic investment
Product costings and pricing strategies
Limiting factor
Planning for profits - cost volume profit analysis
Financing costs
Planning for cash - cash flow
Project and evaluate the outcome
the budget process
Setting the budget
Monitoring and controlling the budget
Understand the variances
authorisation of expenditure
Cost volume profit analysis : to determine the size of business with the basic strategic price, volume and costs strategies. Relate the size with the targeted market.
Working Capital : From the market size, the amount of working capital required is calculated. The amount is greatly influenced by the trading strategies.
Fixed capital ; Amount of assets used in the business which may come in many forms. Some are rented or lease or some are owned by bank borrowings. Capacity must be adequate to meet the size of business.
Sources of finance : These could be either equity or loans. We should try to balance the types of fund used so to ensure market creditability. In additon, we should not lose company controls by issuing loans. The costs of funds are taken into consideration.
Ensure healthy Cash Flows and liquity by proper cash flow management. Borrowings and timing of funds are considered. The borrowing repayments are shown in the cash flows too.
Finally, insert all the above into the ROE model to arrive at the ROE return. All the strategies are coordinated in this model to ensure maximum return.
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FAQs
Bring your note book and calculatlator
Parking is plentiful in excel college at the basement.
MRT station is Asia Jaya behind the Millenneum Square.
Certificate shall be issued.
Snacks and drinks shall be provided at breaks.