Planning & Budgeting (Case Study Approach)

21 Oct, 2021, Virtual Classroom Training

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DR STEVEN LIEW is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 28 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years’ period. Steven has successfully developed Budgeting & Cost control model and are now actively imparting his skills.


He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad).


Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis, Proton Edar Malaysia, Brunei Investment Agency, Small Medium Industries Development Corporation, Ministry of Development, Brunei, BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance.


He is currently providing management consultancy and training specializing in Sales & Marketing, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Virtual Classroom Training

Contact us

M - 012 2281 247

M - 019 363 7822 

M - 012 201 1247

A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur

  • Module 1: Converting Business Plan & Key Performance Indicators into Budgets
  • Module 2: Linking the Budget to Management Actions
  • Module 3: Profit Planning and Activity-Based Budgeting (Case Study)
  • Module 4: Improve Cash Flow & Profitability Position (Practical Case Study)
  • Module 5: Project Based Budgets (Case Study)
  • Module 6: How to Achieve the Budget Target (Case Study)
  • Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors.
Is your organization budget still valid & reliable? This practical budgeting course will assist you to revisit the way budgeting is being done and ways to improve and create values for your organization. Many budgeting case studies will be used to highlight the importance of using your financial statement to achieve your budget target. In order to reduce cost effectively, you need to have the heart of an entrepreneur. By creating value for your organization, you will be amazed at the speed of career advancement.
  1. Revisiting your organization vision & mission to be relevant in today’s competitive environment.
  2. Devising ways to achieve your budget targets.
  3. Planning how to achieve optimum profitability under budget constraints.
  4. Consider the basis for deciding whether to proceed or reject the project proposal.
  5. Implementing strategies to Improve Debt Collection & Cash Flow
  6. Formulating the Cost Reduction Strategies for Your Organization Costs
Accountants, CFO, Business Managers, Finance Managers, Supervisors, Managers and All Professionals Who Are Interested in Managing Budgeting & Cost control

Case Study & Group Discussion. Real-current financial issues & cases will be analyzed and scenario solutions will be discussed within the workshop.

Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;

  • Ease in planning, reporting & decision-making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements

“What I enjoyed from this cost reduction program is Dr Liew sharing on his real experience; planning budget; Cost saving method & Case Study.”
HR Manager, Hock Seng Lee Concrete


“Thank you Dr liew for guiding us in cost reduction on how to look out for budgeting; cost reduction areas and the approach to implementation.”
Assistant General Manager; Sarawak Produces Industry Co


“I really appreciated Mr Liew imparting his Real-life story of actual application of budgeting & cost reduction strategies & many case studies.”
Plant Controller; Ceramica Indah Sdn Bhd


“The case studies and exercises that are most practical & relevant to me are story of Automobile cost reduction; Cost Reduction/Turnaround case studies; Johnson- Relates to Speaker Personal experience – Soft landing skill.”
Purchasing Executive; Ceramica Indah Sdn Bhd


Module 1: Converting Business Plan & Key Performance Indicators into Budgets
Objective: Define Vision, Mission, KPI & its relationship to budget planning

  • CEO Vision & Mission
  • KPI (Dept & Individual)

Module 2: Linking the Budget to Management Actions
Objective: set the stage for budgeting planning considering all essential factors

  • What are Essential Considerations Before Preparing the Budgets
  • How to Present a More Accurate & Realistic Budget
  • How to Get Cooperation from Operating Units
  • How to Convince or Find Out Easier Solution for Other Staffs to Understand /Follow on Budget Being Prepared
  • How to Avoid Unexpected Results or Uncertainties
  • How to Measure Performance
  • Discuss the Planning Budgeting Strategies for Management

Module 3: Profit Planning and Activity-Based Budgeting (Case Study)
Objective: set sales, cost of sales, GP, operational profit & cash flow target

  • Operational Budget
  • Financial Budget
  • Rolling Budget
12:00 Module 4: Improve Cash Flow & Profitability Position (Practical Case Study)
Objective: Use financial tools of goal seek & solver to meet management target of sales, profit & cash flow position
  • Applying what if analysis (goal seek & solver)
  • Applying profitability strategy management framework
    - Formulation stage
    - Execution stage
    - Evaluation stage
1:00 Lunch
2:00 Module 5: Project Based Budgets (Case Study)
Objective: laid out the factors for consideration in project budgeting
  • Calculation of operating cash flow
  • Calculation of Project payback period, profitability index, IRR & NPV of the project?
  • Basis for decision on proceeding or rejecting the project proposal

Module 6: How to Achieve the Budget Target (Case Study)
Objective: Using the Key result areas to turnaround the companies

  • Asset conversion
  • Collection
  • Cost reduction
  • Revenues
  • Purchasing policy
5:00 End of Course