Best Practices in Financial and Operational Budgeting



Training investment is inclusive of an e-certificate and a printed learning material

P 4,880.00 / person - when you register and pay on or before August 17

P 5,880.00 / person - Regular Rate

*Optional:
Add ₱450 to avail a printed copy and delivery of a certificate of attendance


 TUESDAY & WEDNESDAY, SEPTEMBER 17 & 18, 2024 * 1:30PM TO 4:45PM VIA ZOOM


Budgeting plays a very critical role in the Planning-Budgeting-Strategy Execution cycle.  You ready, aim, but cannot fire to its target without the right ammunition. After your organization develops it plan, it’s important to link it to a realistic budget.

This two-session webinar will provide participants the necessary skills to develop the master budget for an organization. Attendees will get a detailed tour on the approaches, processes, and contents of the various types of budgets. It will illustrate the whole budget process and prepare the various components of the master budget: operational budget, cash budget, financial budget, and capital expenditure budget.  You will learn how to apply the budgeting tools and techniques in specific business situations.

This training is applicable to all types of industries. Attend and learn budgeting best practices for the benefit of your organization! 



Course Director & Lecturer



Mr. Rufo R. Mendoza PhD., CPA


He was the Chairman of Finance and Accounting Department and Program Director of the Master in Development Management in Public Finance at the Asian Institute of Management. He was the Vice Chair of the Professional Regulatory Board of Accountancy and the Chair of Continuing Professional Development Council for Accountancy.

His current affiliations include Asian Development Bank as its National Capacity Development Expert in Public Financial Management and First Asia Institute of Technology and Humanities as its Dean of School of Graduate Studies.

His consulting experiences consist of engagements with The World Bank, Australian Agency for International Development, United States Agency for International Development, United Nations Development Programme, and European Commission.

He has written 4 books, 4 book chapters and over 50 research and technical papers.

Who Should Attend?


  • Chairman of the Board

  • Board Directors

  • President/ CEOs

  • Treasurers/ CFOs

  • Entrepreneurs & Managers

  • Accountants

  • Everyone interested in professionalizing the budget process in their organization.

Course Outline


Overview of the Seminar

The importance of a realistic budget cannot be overemphasized. As developing the strategic plan of a business has become imperative, the need to translate the plan into budget becomes critical. Clearly, strategies have to be linked with the budget and targets.

This two-session webinar will provide you with the necessary skills to develop the master budget of an organization. It details the approaches, processes, and contents of the various types of budgets. By and large, the seminar highlights the need to link the budget with performance measurement and explores methods to analyze the variances.


Objectives

At the end of the seminar, the participants will be able to:


       a. Explain the relationship between a plan, the strategies, the budget, and performance measurement
       b. Describe the modern roles of financial management and the essential attributes of the finance managers
       c. Illustrate the whole budget process and prepare the various components of the master budget: operational budget, cash budget, financial budget, and capital expenditure budget
       d. Analyze variances and interpret their causes
       e. Apply budgeting tools and techniques in specific business situations


Course Contents

       1. Plan-Budget Linkage
           Why plan requires budget?
           Translating Strategy Into Targets and Budgets
           Aligning Budget with strategic Plan
           Using Budget to Measure Performance
           Behavioral Considerations in Budgeting

       2. Financial Management in Business Organizations
           Finance Function Transformation
           Finance Function Migration
           Four Faces of the CFO
           Six Key Attributes that Set Leaders Apart
           How Finance Leaders Boost Performance

       3. The Budget Process
           Types of Budgets
           Benefits of Budgeting
           Approaches in Budgeting
           Contents of a Budget
           Forecasting Methods
           The Master Budget

       4. The Cash Budget
           Cash Receipts Budget
           Cash Disbursements Budget
           Interpreting the Cash Budget
           Operating Cycle

       5. The Operational Budget
           Sales Budget
           Production Budget
           Selling and Administrative Budget
           Budgeted Income Statement

       6. The Financial Budget
           Cash Budget
           Budgeted Balance Sheet

       7. The Capital Expenditure Budget
           Nature of Capital Expenditures
           Determining the Cost and Returns of Capital Expenditures
           Evaluating the Capital Expenditures

       8. Variance Analysis as a Budgetary Control
           Analyzing Budget Performance
           Identifying Causes of variances
           Interpreting Variances

       9. Budgeting Applications
           Scenario Analysis
           Scenario Analysis


Who Must Attend:

Business Owners, Entrepreneurs, Chairmen of the Board, Board Directors, CEOs, CFOs, Finance Directors and Managers, Budget Officers, Credit Analysts, Accountants, Financial Analysts, Planning officers, Business Consultants, Budget Analysts, Budget Preparers such as accounting clerks, and assistants.

Anyone interested in professionalizing their budgeting processes are invited. This is open to the General Public.



Attendees from the government are exempted from the P2,000.00 limit set by COA for attending training provided by the private sector based on Department of Budget and Management Circular No. 563 dated April 22, 2016.

Attending this training is not covered by Philippine Procurement Law or RA 9184 based on its Revised IRR’s Section 4.5-b. which classifies training continuing education, conferences and similar activities as "non-procurement activities that shall be governed by applicable COA, CSC, and DBM rules".
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Contact Details

Contact Person: Camille Joyce Jonas
Mobile Number 09399148689
Telefax: (+632) 8842-7148 or 59
Email: camille.cgbp@yahoo.com

Account Name: Center for Global Best Practices Foundation, Inc.

Metrobank: 495-3-495-504-418
Unionbank: 0013-3002-7702
PNB: 1477-7000-0961
Landbank: 3832-1015-82

Address

Unit 905 Richville Corporate Tower
1107 Alabang-Zapote Road
Madrigal Business Park
Muntinlupa City, 1780, Philippines

Contact Us

(+63 2) 8556-8968 (+63 2) 8556-8969 (+63 2) 8842-7148 (+63 2) 8425-9752 (+63 2) 8842-7159 cgbp.info@gmail.com

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