This course explores the importance of budgeting as a financial translation of business strategy. You will learn about:
- The budgeting process
- The different budgeting methodologies
- The evaluation and adjustment of the budget
Objectives:
- How do I convert a business strategy into an operational plan?
- What is the function of a budget?
- What is the importance of correct and systematic budgeting?
- What are the dangers of budgeting?
- What stages in a budgeting process should we follow?
- What methods exist for budgeting?
- What is a budget approval process like?
- What budgets should we set up and how are they linked?
- What is the point of budgeting and budget control ?
- How do I monitor budgets, critically analyze the numbers found, and apply difference analysis?
- Why is financial reporting so important?
- What is a balanced scorecard ?
- How do we translate a plan into corresponding goals and outcomes?
- What are the pros and cons of a budget?
Language: Dutch
Dates: 7/06/2025 & 15/06/2025
