This workshop, "Planning, Budgeting, and Cash Budget," spans three days and covers essential financial management topics. Day 1 introduces budgeting fundamentals, including standard costs and planning concepts, while Day 2 delves into master budget development and strategic planning, encompassing various budgets and financial projections. Day 3 emphasizes flexible budgeting, variances analysis, and the application of standard costs in budget development. Through practical exercises and discussions, participants acquire the skills to efficiently plan, budget, and manage cash flow within their organizations.
Describe the concepts of strategic planning, strategic budgeting, and master budget.
Describe the advantages of budgets and benchmarking.
Describe responsibility centers and responsibility accounting
Recognize the human aspects of budgeting
Compute price variances and efficiency variances for direct cost categories
Understand how managers use variances
Financial Managers=Accountants=Sales Managers=HR Managers=Supply Chain Managers=Consultants=Business Owners
