Budgeting
Discover the importance of budgeting in providing financial information to managers in decision-making, planning, control and performance measurement.
Location:
Grimbergen
Duration:
2 full days – 6/06 & 13/06/2025
Price:
€1500 excl. VAT
About this training
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: 6/06 & 13/06/2025
Who it’s for
For anyone looking to be more than just a “number cruncher.”
Program
Concrete aspects of budgeting
- Planning and budgeting
- What is a budget ?
- Bottleneck factors
- Why budgeting?
- Legal requirements
- Prerequisites for a good budget
- Hazards
The budgeting process
- Stages of the process
- The technique of budgeting
- Different budgeting methods
- Budget approval
Types of budgets
- According to company
- Functional layout
- In relation to volume
- The master budget
The budget as a policy tool
- Features
- Results measurement and follow-up
- Financial management report
- Balanced scorecard
- Difference Analysis
Conclusion
Ready to take your expertise to the next level?
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