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Fees per delegate

R5 995.00 (excluding VAT)

Included in the fees

• Course material
• Parking
• Refreshments
• Lunch
• Certificate of Attendance

Enquiries

E-mail Hennie or phone him on (011) 726-3040

Payment

Electronic Transfers
Name: Equity Compliance and Solution
Bank: FNB
Branch: Northcliff
Branch Code: 253 705
Account No: 62063883964

Cheques to be made payable to Equity Compliance and Solution.

Please fax a copy of the deposit slip together with the registration form to Hennie on (011) 726 2400.

Please do not mail payments.

Finance and Budgeting
Using Excel
A TWO-DAY PC-BASED EVENT
Understand your organisation's overall budgeting process and how it fits into the organisation's strategic objectives!

FOR A BROCHURE AND REGISTRATION FORM IN PDF ...click here

Overview of the workshop

This highly interactive and innovative workshop will increase your understanding of the overall budgeting process and how it fits in to the strategic objectives of your organisation.

The budget is an extremely powerful tool and can be used for many purposes including motivating staff, setting performance indicators, achieving control over costs, maintaining good cash flow and making correct capital project decisions. However, it is important that all managers in every department understand the budget and appreciate that it is a vital component of managing organisations. To do so, it is imperative to create a culture of performance measurement and spread it throughout your organisation as finance meets the business. 

Objectives of this workshop

• Knowing the importance of linking finance with the business
• Investigating the purpose of budgets and their impact on the organisation
• Appreciating the place of the budget in strategic planning
• Comprehending the motivational effects of budgets
• Understanding how budgets are used both for planning and for control
• Looking into how budgets can be used for responsibility accounting
• Developing a true cost awareness
• Thinking beyond the budget as finance get operationalised 

Who should attend?

• The staff person who will be responsible for the budget system
• Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
• Anyone who wants to understand the basics of budgeting

Competencies emphasised Providing you with the capability to understand a budget and a cost report  Gaining the ability to appreciate the human factors involved in budget setting Understanding the control aspects of budgeting Expanding your skill to interact with operations in financial terms Growing your capacity to introduce advanced techniques in costing and budgeting Increasing your capability to link strategy, budgeting and performance measurement Personal impact Feel more comfortable with terminology Understand the linkages between budgeting & costing Recognise the control aspects of budgeting Appreciate the motivational aspects of budgeting Know how to discuss and communicate in budgeting terms Link financial and non-financial measures Organisational impact Increase financial awareness in your organisation The organisation will be in a better position to develop useable budgets Those attending will be in a position to lead others in budget preparation Motivation will be improved Cost control will be improved Strategy and budgeting will be integrated Financial and non-financial key performance indicators will be identified

Training methodology

The workshop will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Group discussions will form a major part of this seminar. Difficult mathematical concepts are minimized wherever possible and handled in a visual way that is easy to understand with examples demonstrated. 

PROGRAMME

INTRODUCTION AND OVERVIEW

• Effective financial management is an essential tool to ensure that managers meet their objective of quality service delivery

UNDERSTANDING THE BASIC PRINCIPLES OF FINANCIAL STATEMENTS

• Introducing you to the accounting process
• Looking at the management of tangible infrastructure of South African companies
• Understanding the “Accrual versus Cash Accounting” Principle

STRATEGY AND BUDGETING: CREATING A BUSINESS FINANCE CULTURE

• The complexity of managing contemporary organization
• Strategic Plan, Budgeting, Costing and Management Control
• Management Accounting for organizational control systems
• Responsibility accounting and the process-view
• The Budget and its role for achieving organizational targets
• What is it the situation in your organization
• Problems and Examples – Case study illustration

COSTING FOR BUDGETING PURPOSES

• Cost terms and methodologies
• Inventoriable vs. period costs
• Manufacturing vs non-manufacturing costs
• Variable vs. Fixed costs (CVP analysis)
• Direct vs. indirect cost
• Under-costing and Over-costing problems
• Problems and Examples – Case study illustration

TYPES OF COMPETITIVE ADVANTAGE AND SUSTAINABILITY ON YOUR FINANCIAL REPORTING RESPONSIBILITIES

• Linking reward and evaluation systems to business level strategies
• Economies of Scale – do they still matter?
• Importance of strategy implementation support systems

ISSUES OF BUDGETING

• The Budget and its role for achieving organizational targets
• The limits of the budget
• The Master budget and it schedules
• The motivational aspects of budgeting
• The linkages between budgeting and costing
• Cost classifications
• Problems and Examples – Case study illustration

FLEXIBLE BUDGETS AND VARIANCE ANALYSIS

• The budgets and performance measurement as tools for communications
• What is it the situation in your organization? How to improve it?
• The imperative of value-creation: towards value-based budgeting
• Describe the difference between a static budget and a flexible budget
• Compute flexible-budget variances and sales-volume variances
• Integrate continuous improvement into variance analysis
• Cases, problems and exercises

UNDERSTANDING AND INTERPRETING FINANCIAL STATEMENTS

• Appreciating the financial position of your company by showing you how to read and interpret financial statements

ABOUT YOUR EXPERT PRESENTER

Alex Nortje is an experienced facilitator, consultant and financial planner. He holds a degree in accounting (B Comm.), has a master’s degree in Business Leadership (MBL) from Unisa and has obtained a postgraduate diploma in financial planning from the University of the Free State (CFP).

Alex has had considerable experience in IT ( spent 18 years in the IT arena), as well as in the financial environment in marketing and sales management. Alex has spent the last eight years as a lecturer for various institutions, and has been and is currently actively involved with the MBA, MBL, MDP and FMP courses at the Post Graduate School for Business Leadership at Unisa.

 

	ENQUIRIES ABOUT OUR CONSULTING SERVICES E-mail Lungile Nxumalo or phone Lungile on (011) 726-3040
	ENQUIRIES ABOUT OUR WORKSKOPS AND SEMINARS E-mail Hennie Oosthuizen or phone Hennie on (011) 726-3040
	ENQUIRIES ABOUT OUR CONFERENCE CENTRE E-mail Caroline Chamboko or phone Caroline on (011) 726-3040
	ENQUIRIES ABOUT OUR CONFERENCES E-mail Ryan Muller or phone Ryan on (011) 726-3040