IPA Training is Registered with

Venue Details

Remote Online Training - Public

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

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

FOCUSING ON

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
Module 4: How to Monitor Your Sales, Costs & Collection
Module 5: Managing Costs
Module 6: Strategic Accounting Tools
Module 7: Cost Management (Case Study)
Module 8: Success Story of Cost Reduction (Case Study)

SPECIAL FEATURE: Participants Will Receive a Set of Practical Templates suitable for all sectors.

OVERVIEW

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.

COURSE LEARNING OUTCOMES (CLO)

Describe Your Organization Vision & Mission To Be Relevant In Today’s Competitive Environment
Outline Ways To Achieve Your Budget Targets
Perform Materials, Labour & Overheads Costs Effectively
Identify the Cost Reduction Strategies For Your Organization Costs
Identify Cost Management & Accounting Tools To Improve Financial Perfomance
Plan How To Achieve Optimum Profitability Under Budget Constraints

WHO SHOULD ATTEND

Accountants, Business Managers, Finance Managers, Executives, Supervisors, Managers, Company Secretaries and All Professionals Who Are Interested in Managing Budgeting & Cost Control

METHODOLOGY

Case Study & Group Discussion. Real-current Financial Issues & Cases Will Be Analysed, And Scenario Solutions Will Be Discussed Within The Course.

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.

DAY 1

BUDGETING PROCESS

9:00

MODULE 1: CONVERTING BUSINESS PLAN & KEY PERFORMANCE INDICATORS INTO BUDGETS

CEO Vision & Mission
KPI (Dept & Individual)

10.45

MODULE 2: LINKING THE BUDGET TO MANAGEMENT ACTIONS

What Are Essential Considerations Before Preparing The Budgets
How To Present A More Accurate & Realistic Budget
How To Avoid Unexpected Results Or Uncertainties
How To Measure Performance

1:00

Lunch

2:00	MODULE 3: PROFIT PLANNING AND ACTIVITY- BASED BUDGETING (EXERCISE) Operational Budget Financial Budget

3:45

MODULE 4: HOW TO MONITOR YOUR SALES, COSTS & COLLECTION

Define Your Sales Projection, Factor In Fluctuation (Q1, Q2, Q3 & Q4)
Do Your Monthly Average Sales & Expenses
Used 3 Estimate Techniques (2+10, 5+7, 8+4) And Also Use SMART (Specific, Measurable, Achievable, Realistic & Timebound)
Make Sure Your Budget Is Relevant At All Times During The Year

5:00	End of Day 1

DAY 2

COST CONTROL & MANAGEMENT