In this workshop, participants from different departments will get to know how to manage their cost and expenses and take important financial decision that will impact the whole organization’s financial acumen. Participants will be aware of Financial Decision-Making Tools Differential analysis (also called incremental analysis) is a management accounting technique in which we examine only the changes in revenues, costs and profits that result from a business decision instead of creating complete income statements for each alternative. Moreover, knowing capital budgeting techniques, Forecasting department activities During this workshop, participants shall be equipped with plug-and-play templates covering the different skills and concepts and turn it into applicable tools.
Understand the principles behind best practice financial management
Explain the importance of budgeting within a strategic framework
Build a robust budgeting process within their departments
Know when and where to use various budgeting approaches
Forecast future performance by better analyzing revenue and cost drivers
Budgeting
All employees interested in enhancing their ability to manage departmental finance
