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COMPREHENSIVE BUDGET MANAGEMENT AND CONTROL

Formulating budgets in line with corporate business objectives is an indispensable management method for enterprises. In corporate management, budgeting is critical for goal-oriented motivation, process control, and an effective rewarding system.
Through abundant case-study illustrations and exercises, the trainer will demonstrate a systematic and rational budget management system. They will help trainees understand methodologies on developing a rational budget, effective implementation of the budget and supervision of the overall operations of the company with budgeting instruments.

Training Objectives

Understand the importance of a budget for company operation and management
Know how to draft a budget
Understand and construct a proper budget management system for your company
Coordinate conflicts between demand and resources
Master the effective ways to track the budget performance
Learn to monitor and evaluate corporate operation effectively through budget management.
Increase the company’s benefit through budget management

Training Attendees

Staff and management responsible for budget drafting and control.


	Training Outline

	Why should a company implement master budgeting management and control?
	What is effective control?
	What benefits will master budgeting management bring to enterprises?
	- Budget in corporate operation
	- The change of a famous enterprise before and after budget management
	What is an effective budgeting control system?
	From a traditional financial budget to master budgeting management
	All staff participating in budget management
	How to draft a budget?
	Drafting logic and frame/flow
	Preparation for a budget drafting guide
	Specific way for budget drafting
	- Methods of revenue forecast and sales expenses budgeting
	- Essentials of production budget drafting
	- Essentials of purchase budget drafting
	- Essentials of management budget drafting
	- Essentials of cash budget drafting
	Start from demand analysis: Zero-based budgets
	Effect of budget drafting
	Principals and flexibility of a budget
	- Static budget
	- Flexible budget
	- Rolling budget
	- How to adjust a budget when an uncontrollable factor occurs
	- Principle for setting the budget variance
	Management of budget drafting
	What is the most suitable type of budget for your enterprise?

	Project management within a budget—how to manage
	Staff role orientation from each department—Division of Responsibility
	Communication and coordination between and within different departments.
	Analysis of the most frequently encountered problems during budget drafting.
	How to effectively implement the budget
	Why budgeting disconnects from implementation
	How to draft a budget to ensure effective implementation
	How to restrain the off-budget project by system and flow management
	Budget information system management
	Key points of making use of a budget in cost control
	Analysis of common actions in the budget implementation
	Budget tracking
	Budget review meeting
	Analysis and investigation of budget implementation, including:
	- Key points and methods for differential analysis
	- How to use an instrument panel to track the timely implementation of a budget
	How to set up an effective budget tracking system
	Automatic tracking sheet of revenue and cost budgets
	Budget evaluation