Course Title – BUDGETING AND BUDGETING CONTROL
Course Fee: N30, 000
JOBSKILLS TRAINING INSTITUTE
www.jobskillstrainers.com
08164085555, 09076777762
enquiry:training@jobskillstrainers.com
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COURSE OUTLINE –
1) Objectives of budgets
 The budget process
 Stages – what is the prime aim of a budget?
 What is forecasting?
 Objectives
­ Planning
­ Implementation
2) Budget and cost control focus
 Choosing objectives
 Links with corporate strategy
 Links with resource management
 Can the accounting systems cope?
3) Traditional budgeting and control
 Benefits and drawbacks
 The process
 Control and feedback
 Reporting – what can be expected?
4) Advanced budgeting and control
 Understanding the business process
 Taking out costs
 Cost awareness
 ZBB – as valid as ever
5) Reports
 Reports for action
 The purpose of a report
 Content – deliverables and feedback
 Culture is so important
6) Budgeting Preparation
 Budgeting: a famous word but what does it mean? Constructing a definition
 Overview of the budget process (procedures,manuals,timelines)
 Case study: reviewing a simple budget scenario
 Being clear about initial assumptions and limiting factors
 Knowing where to find information that might be needed
 Analyzing potential income and expenditure: what events/occurrences do we need to consider? Internal, external, definite/uncertain
 Nature and behavior of costs
 Charging department expenditure to the correct period - accruals, prepayments and depreciation
 Break-even analysis
 Stock forecasting and how to calculate the minimum quantity needed
 Apportioning overheads
Facing the Actual
 What are the variances and why are they important?
 The budget is the plan i.e. understanding the need to proactively work towards budget and adhere to budget.
 Comparing actuals to budgeted monthly
 Comparing actuals to budgeted year to date
 Understanding the significance of changes in variances
 Causes of Budget Variances
 Calculating Variances
 Proper Variance Analysis
 Flexing the budget
The Cash Budget
 Why they are needed? Do high profits necessarily mean everything is going well?
 Case study: Preparing a cash budget
Presenting the Departmental Budget
 Giving clear information
 Presenting the main variables
 Getting agreement
 Putting it clearly onto paper
Reporting on the Budget
 Preparing a report
 Providing the information to make decisions
Personal Development
 Action planning - the essential next steps
 Continuous professional development - what next?

COURSE OBJECTIVE:
This course will help ensure that participants:
 Appreciate the importance of the budgeting process
 Take ownership of it
 Use it as a daily working tool – not an annual exercise – to help run their part of the operation
 Improve their reporting against budget
 Ensure their delivery against budget
 Manage budgets within your department, division, cost or profit centre.
 Develop an understanding of the budgeting process.
 Work more productively with colleagues from the finance department.
 Prepare and monitor a budget.
 Appreciate the importance of reducing unnecessary departmental costs and working towards increased corporate profitability

Benefits of Training
At the end of the training, participants will be given internationally accredited certificate that has helped our past graduates obtain well Paying Jobs and Promotions in Multinational Companies, within and outside Nigeria. This is because our training Certificates have International and Federal Government Approved Accreditation Seals of Regulatory Bodies Such As, But Not Limited To;
1. ISPON – Institute Of Safety Professionals Of Nigeria
2. WSO – World Safety Organization (USA)
3. OGTAN – Oil And Gas Trainers Association Of Nigeria
4. DPR – Department Of Petroleum Resources (DPR)
5. ITF – Industrial Training Fund
6. NRCS – Nigerian Red Cross Society
7. NCMD – Nigerian Council Of Management Development

Training methodology
Our training methodology involves different training methods such as lectures, discussion and interaction with instructor and fellow students, analyses of case studies and role play, use of powerpoint, presentation slides, exercises, videos, videos cds, computer network and e-learning connection (distance learning).
Target Audience– Undergraduates, NYSC, employed and Job Seekers
Payment details
Account name: Jobskills training institute limited
First bank account: 2026111382
Zenith bank account: 1013267587
Payment Must Be Made Before or On the Day of Training and Send Your Teller Number To 08164085555

Training days:
All Saturdays: 8:00am – 4pm
All Sundays: 12- 5pm

Office address:
1. Lagos: 41 ,Isolo way Ajao Estate, By 7 & 8 Junction, Off International Airport Road Isolo, Lagos State
2. Unity House: 1, Lagos Street, Off Old Aba Road, Opposite Rumuomasi Secondary School, Rumuomasi Port - Harcourt, Rivers State
3. Warri: Suite 48, Futeb Plaza, Effurun-Sapele Road, Opposite Shoprite Mall, By Effurun Fly Over Effurun-Warri, Delta State.

** And other states locations in Nigeria.