Modern businesses are an epitome of uncertainty and complexity. Over the period, this uncertainty and complexity in business has led to the development of various managerial tools, techniques and procedures useful in managing business successfully. Of all these, budgeting is the most common and widely used standard device for planning and control.

This course provides fundamental understanding of budgeting, budgeting process and includes a practical guide for preparing and mastering financial budgets.

On successful completion of this workshop, the participants are expected to be able to:

• Understand the Role and Principles of Budgeting
• Have Confidence in Using Budgeting Tools and Techniques
• Appreciate the Issues and Challenges of Finance Management from both The “Customers” and The Company’s Perspective
• Have the Ability to Analyse and to Challenge Finance and Accounting Information
• Appreciate the Inter-Dependence of Business Functions
• Appreciate Beyond Budgets and Balanced Scorecard in the Budgeting Process

• Managing Directors/ CEO,
• Accountants, Financial Controllers,
• Accounts/ Finance Managers/ Executives,
• Administration Managers/ Executives,
• Personnel Managers/ Executives,
• HR Managers/ Executives,
• Entrepreneurs

2 Days Training

Budgeting and Forecasting in Today’s Environment

• The Key Role of Budgeting and Forecasting in Contemporary Organisations
• How Budgeting Fits Into the Strategic Planning Process
• How are the Strategic Plan and Budget Linked and Communicated In Different Organisations
• The 21st Century Business Imperative: Delivering Value Added (But To Whom?)
• Financial Vs. Managerial Accounting (For Decision Making)
• Understand Your Processes: Integrating Financial And Non-Financial Aspects

The Business Plan

• Developing the Business Plan
• Identification of Key Value Drivers
• Achieving Objectives

The Budgeting Process

• The Key Features of Budgeting
• Advantages and Concerns With Budgeting
• Accountability and Centres of Responsibility
• Incremental Budgeting
• Zero-Based Budgeting
• Kaizen Budgeting
• Budgeting and Cost Control

The Budgeting Pyramid

• The Master Budget and the Budgeting Cycle
• The Principle Budget Factor
• Budget Assumptions
• Forecasting Techniques
• The Cash Budget
• The Revenue and Expense Budget
• The Balance Sheet
• Relevance of the Cash Flow Forecast
• Impact of Budgets on Cash Flow Management
• Variance analysis

Cost Analysis Techniques

• Cost Behaviour and Breakeven Analysis
• Activity Based Costing
• Budgeting for Processes rather than Departments
• Defining Key Cost Drivers
• Defining Key Activities
• Developing the Activity-Based Budget

Capital Budgeting and Project Appraisal

• Identify the various types of capital projects
• The capital project evaluation process
• The impact time has on the value of money
• Using WACC and ROI as benchmarks
• Development of the "Hurdle Rate" for capital projects
• Evaluate capital projects by applying NPV, IRR, ARR Payback model

This workshop’s methodology is a combination of expert input, interactive practical exercises, lots of hands-on role-play, group discussions, sample of real financial statements of existing company's case studies, practical projects, and group presentations.

SUCHITRA MAHENDRARAJ
Chartered Accountant (CA) of the Malaysian Institute of Accountants
Fellow of the Chartered Association of Certified Accountants (FCCA), UK, Associate of the Chartered Institute of Management Accountants (CGMA), UK
Certified trainer by Advanced Training (UK) Ltd
Certified HRD CORP trainer, Malaysia 

Ms Suchitra Mahendraraj is professionally qualified accountant. She is a Finance consultant turned trainer. Working as a consultant in training for the past 16 years, she has contributed to the success of many projects and programmes. 

She is a professionally qualified accountant.  She is also a Fellow of the Chartered Association of Certified Accountants (FCCA), UK, an Associate of the Chartered Institute of Management Accountants (CGMA), UK, and Chartered Accountant (CA) of the Malaysian Institute of Accountants. 

During her working career, she has been involved in areas such as business advisory, audit, human resources, finance and administration and training.  She has wide and extensive knowledge in various industries.Suchitra’s training style is refreshing and energetic, relaxing her audiences whilst inspiring them to take action. She is a lively, energetic & engaging facilitator who will compel you to think of your organisational and personal growth stirring creativity and motivation to act.

She approaches learning from an integrated perspective, dedicates herself to helping organisations manage the human side of change in ways that produce powerful, positive and sustainable results.

She has personally trained many organisations ranging from SMIs to large MNCs covering areas ranging from Finance and Finance related, Leadership, Professional Development and Teambuilding. 

Some of the organisations that she has conducted trainings are:

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We have a faculty of equally talented trainers who can cater to your organisation's specific needs in the event of substitution.

For training and advisory services, feel free to contact us at info@itrainingexpert.com or call us at +603 8082 3707 | +603 8074 9056 | +6012 6869 628 | +6018 2175 123

“Our Finance trainer s a very experienced trainer who can give clear and easy to understand explanations on this complicated subject. He has also given us very relevant and real life examples of Financial Reports of existing company to understand deeper. We really appreciate the trainer’s effort in sharing his knowledge and experience.” – Bandtree Sdn Bhd

“Before the course, I didn’t have sufficient knowledge on cashflow forecasting and or reading financial statements. I’m very happy that learned the techniques to read cashflow and finance reports in this training. It was made very easy to understand and it is definitely very useful for my work.” – Asst Manager, Malaysia Debt Ventures Berhad

“I had very little knowledge on how to read financial statement before attending this course and am happy to say that I now understand a lot more about finances after attending this course. I felt the trainer gave us a very clear explanation about accounting.” – Sapura Industrial Bhd. 

“From this course, I learned so much on Budget, finance terms, decision making on viability of investment / project” – Tech Manager, NASMECH Technology Sdn Bhd.