Description
Implementing a high-value management control system requires a thorough mastery of the entire budgeting process. Through a rigorous methodology and adapted budgeting techniques, this training will enable each participant, in close collaboration with operational teams, to organize and coordinate the budgeting process within their company. It also aims to provide effective support to operational managers during budget preparation, while ensuring budget monitoring and performance analysis to optimize business management.
Who is this training for ?
For whom ?
- Budget controller.
- Management controller overseeing the preparation, development and monitoring of the budget.
- Accounting executive or financial manager involved in budget development.
- None.
Training objectives
Training program
- Before the face-to-face
- A self-diagnosis.
- Manage the Budgeting Process
- Understand the steps, organization, and assumptions of the budgeting procedure.
- Master the coordination of the different budgets.
- Integrate the connection between budgeting and strategic planning.
- Conduct a self-assessment of the budgeting procedure.
- Develop the Sales and Production Budgets
- Sales budget: forecast sales and define the commercial action plan.
- Production budget: size and value necessary resources, establish standard costs.
- Prepare Other Essential Budgets
- Overhead budget: apply contributions from B.B.Z.
- Payroll budget.
- Investment budget.
- Organize Budget Consolidation and Modeling
- Simulate cash flows.
- Prepare the cash budget.
- Model the different budgets for a consolidated view.
- Measure and Analyze Budget Variances
- Build a flexible budget and perform variance analysis.
- Conduct budget reforecasting and manage the budget closing process.
