STRATEGIC BUDGET SIMPLIFIED : outcome and zero base approach*

STRATEGIC BUDGET SIMPLIFIED : outcome and zero base approach*
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From Mon 6 April 2020 to Tue 7 April 2020
From Monday 6 April 2020 to Tuesday 7 April 2020
9:00 AM - 5:00 PM
Ended

STRATEGIC BUDGET SIMPLIFIED : Zero and outcome based budgeting




A two day intensive session


Please bring your laptop for the seminar

Course objective

At the end of the workshop, participants shall be able to

  1. prepare, plan and review the business budgets
  2. Conduct SWOT analysis
  3. Learn concepts and key steps in business planning
  4. Harmonise the plans to meet the demand for growth
  5. Understand business and its strategic decisions
  6. Appreciate for the need to have a toal business planning system


Methodology

  1. Power point presentation
  2. Case study
  3. Excek templates and models

simplifiedbudgeting.jpg

TOPICS / CONTENTS

  1. introduction: why budget?

  2. Evaluate performance and review plans

  3. Financial planning

  4. Revenue budgets

  5. capital budgets - strategic investment

  6. Product costings and pricing strategies

  7. Limiting factor

  8. Planning for profits - cost volume profit analysis

  9. Financing costs

  10. Planning for cash - cash flow

  11. Project and evaluate the outcome

  12. the budget process

  13. Setting the budget

  14. Monitoring and controlling the budget

  15. Understand the variances

  16. authorisation of expenditure

Systematic steps in budgeting

  1. 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.

  2. Working Capital  :  From the market size, the amount of working capital required is calculated.  The amount is greatly influenced by the trading strategies.

  3. 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. 

  4. 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.

  5. 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.

  6. 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.

  7. strategicbusinessplans.jpg

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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.

 

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Excel College
No. 98 Jalan 14/1, Petaling Jaya, 46100, Selangor, MY
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No. 98 Jalan 14/1, Petaling Jaya, 46100, Selangor, MY
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