Understanding Budgeting and the Budget Process

Introduction

We cannot overemphasize the importance of a realistic budget in an organization. As developing the strategic plan has become imperative, translating the said plan into a budget becomes critical. The management of a business cannot achieve the goals and objectives without linking them with the budget.

This masterclass provides the foundational topics in budgeting as an area of managing a business organization. It covers the nature, characteristics, roles, and types of budget. It details the approaches, techniques, and processes in budgeting. It allows the participants to understand the contents of the various types of budgets, specifically the operational budget, financial budget, cash budget, and capital expenditure budget.

The special learning session will enhance the competencies of those who are responsible for preparing the organizational budget. At the same time, it will provide a strong foundation for those using their company’s budgets as part of the work.

 

 

Topics

• Top 10 reasons why budget and planning stakeholders hate the process
• Common challenges in planning and budgeting
• Tracing the plan-budget linkage
• Nature and roles of a budget
• Types of budget

• Budgeting approaches
• Budgeting techniques
• Budgeting process
• Other considerations in budgeting

 

• Operational budget: sales budget, production budget, direct material purchase budget, direct labor budget, manufacturing overhead budget, cost of sales budget operating expense budget, budgeted income statement.
• Financial budget: cash budget, cash receipts schedule, cash disbursements schedule, budgeted balance sheet.

 

 

 

Resource Speaker

Dr. Rufo R. Mendoza, CPA
Former Vice-Chair of Regulatory Board of Accountancy

Click here for his profile.

 

 

Training Investment

REGULAR RATE
Php 1,899.00 + VAT

EARLY BIRD RATE
Php 1,499.00 + VAT until July 18, 2025

GROUP RATE
Php 1,399.00 + VAT per pax for 5 – 14 pax

SUPER GROUP RATE
Php 1,199.00 + VAT per pax for 15 or more pax

BIRTHDAY MONTH PROMO – FREE SEAT
Register within Your Birthday Month with at least 2 Paid Pax @Php1,899.00+ VAT per pax (Must present proof of date of birth)

JOIN NOW PAY LATER PROMO
Pay After 30 Days from the date of the Masterclass @ Php2,099.00+ VAT per pax

Presentation Materials and the Digital Certificate will be provided

 

 

In-House Training

Looking for customized in-house training in HR, Labor Law, Taxation, Accounting, Supply Chain Management, Soft Skills, or similar areas?

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Thank you and enjoy!

Keep safe and God Bless!