Budget Preparation

Participants will gain a clear understanding of the budgeting process – from forecasting and cost estimation to analysis and reporting. Through real-world examples and practical exercises, this course will enhance financial decision making capabilities and improve organizational efficiency.

This training is suitable for finance officers, department heads, supervisors, and any personnel involved in budget planning, cost control, or financial monitoring.

COURSE OBJECTIVES

By the end of this program, you will be able to:

• Understand the principles and importance of budget preparation
• Identify the components of an effective budget
• Develop operational and capital budgets
• Align budgets with strategic business goals
• Analyze variances and monitor budget performance
• Improve accuracy in forecasting and cost estimation
• Communicate financial plans effectively to stakeholders
• Apply cost control techniques within budget constraints
• Use budgeting as a tool for decision-making and performance evaluation
• Prepare comprehensive budget reports for management review

TARGET AUDIENCE

Department heads, finance executives, project managers, team leaders, and individuals involved in budgeting or financial planning.

TRAINING METHODOLOGY

• Instructor-led presentations
• Real-world case studies
• Interactive group activities
• Practical budgeting exercises
• Budget simulation sessions
• Open discussions and Q&A

COURSE DURATION

2 Days

COURSE DATE

TBA

NUMBER OF PARTICIPANTS

PACKAGE

CERTIFICATION

Upon successful completion of the course, participants will receive a Certificate of Attendance.

COURSE OUTLINE

Day 1

MODULE 1: Introduction to Budgeting
MODULE 2: Budgeting in Strategic Planning
MODULE 3: Budgeting Methods & Techniques
MODULE 4: Revenue & Expense Forecasting
MODULE 5: Building Departmental Budgets

Day 2

MODULE 6: Capital vs. Operating Budgets
MODULE 7: Managing Budget Variances
MODULE 8: Budget Review & Approval Process
MODULE 9: Compliance & Audit Considerations
MODULE 10: Budget Presentation & Reporting