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BUDGETING AND BUDGETARY CONTROL WORKSHOP

Budgeting is a core planning function. The budget is a tool that helps managers to direct effort, streamline, control and evaluate activities.  The budget is used to drive operations and is needed for organizational effectiveness and service delivery. All managers have to participate in budget preparation but it is the responsibility of finance and accounting officers to provide the template for budget preparation and to coordinate the budgeting exercise. Budget preparation and budgetary control call for appropriate skills, techniques and competencies.

This workshop is designed to equip participants with the competencies required to effectively carry out budgeting and budgetary control functions in organizations.

At the end of the workshop, participants will be able to:

         use the budget as a tool for control;

         identify the various budgeting techniques;

         evaluate the role of budgeting in decision-making process;

         identify the challenges of budgeting; and

         prepare master budgets.

Content

         Overview of Budgeting and Budgetary Control

         The Role of Budgeting in Decision Making

         Types and Techniques of Budgeting

         Budget Preparation Process

         Cash Budget Preparation

         Preparation of Master Budgets

         Budgetary Control and Responsibility Accounting

         Capital Budgeting Techniques

         Conditions for Successful Budgeting

         Budgeting Transparency and Accountability

         Budget Monitoring and Evaluation

Target Group

Heads of Finance Department, Division and Unit; Budget Controllers; Budget and Accounts Officers and Budget Analysts/Consultants.

Duration: Three (3) Days

Training Fee: Ninety Five Thousand Naira (N95,000) Only.