This intensive and practical workshop starts by introducing you to the different types of costs and let you understand how they each behave. Next, the purpose of budgeting is emphasized to see its necessity in the manufacturing business. We then explain what the different types of budgets are and how they are prepared. Finally, participants will see the relationships of the different budgets to the income statement and balance sheet.
Upon completion of this workshop, participants will be able to answer the following questions:
This Course is highly suitable for any managerial or executive staff members in management, marketing, sales, production, administration, and planning who need an overview and a basic understanding of the budgeting process directly or indirectly in the course of their work.
As a prerequisite, participants are expected to have some basic knowledge of financial accounting. In particular, they need to already know the components and structure of the Income Statement and Balance Sheet.
EXCEL™ will be used in a computer lab equipped with desktop PCs to develop the various budgets. Participants just need to know its basic functionality like =SUM(), relative and absolute cell referencing. The necessary formulas for preparing the various budgets will be taught.
Raymond holds a Bachelor of Business Administration degree from the University of Singapore, as well as a Master of Applied Finance degree from Macquarie University, Sydney. He has more than 35 years of working and training experience in the areas of accounting and finance. He will share his past direct experience in the areas of credit and accounts receivable management at a factoring company and financial institutions.
Furthermore, he has conducted numerous training and seminars for training institutions, universities, corporate clients and the public. To make the training interesting, he uses simple daily analogies to explain complex concepts for easy understanding.