Budget Control and Cash Flow Management

Budgets are an essential tool in the management of an organization’s affairs. In order to prepare budgets, a manager must understand precisely what budgets are, how they are prepared and what their applications in the management’s decision process are.

Working with budget training will provide the trainee with basic theories and detailed exercises that are applicable to the day-to-day operations of an enterprise.

Course structure

The certificate course in BUDGET CONTROL AND CASH FLOW MANAGEMENT spent approximately 16 hours OR is offered a 2-day period. The course is based on a participatory, active learning approach, group discussions. An Action Guide for working with Budgets, by Ms. Pich Rathmony. Participants will receive a Certificate of Participation upon successful completion of the course. The maximum number of participants is 25. 

Budget and its advantage 

Steps in preparing budgets

Process to prepare the master budget 

Uses of budgets 

Pich Rathmony

Expert in Business Management Finance, and Associate Trainer

Ms. Rathmony is a specialist in Financial Management and Entrepreneurship Education. She has her Bachelor's Degree in Business Economics from the National University of Management and a Master's Degree in General Management from Charles Sturt University. In addition, she earns an acceptance to provincial Certification Training of Business Edge by Mekong Private Sector Development Facility which is part of World Bank Group.           
Ms. Rathmony has had more than 14 years of experience in consulting and delivering business training to those concerned business owners within the country. She has conducted training in some sectors such as Trade Unions, Multi-National Corporation –Garment factories, NGOs, Government Agencies, and Business corporate companies. Her training expertise is Business Plan Creation, Micro Business, Entrepreneurship, Project Planning, Accounting, and Financial skills.
Currently, Mony is a full-time trainer and consultant specializes in Small and Medium Enterprise (SME) for EDI in assisting clients to design strategic process, managing and reporting by business project and oversee with those projects to ensure that project members understand their jobs and are able to fulfill company’s expectation to achieve their financial goals and objectives.

Upon the completion of this two-day training, participants are expected to benefit:

  • Explain what a budget is
  • Prepare budgets for the enterprises
  • Use the budgets and budgetary control techniques.

Objectives

Working with Budgets training has the following objectives:

  1. Define budgets;
  2. Outline the steps in preparing a budget;
  3. Explain how to use budgets and budgetary control.

 

Application

After gaining a greater understanding of the basic concepts of budgets and budgetary control, the learners will be able to do the following things in their workplace:

  1. If an owner, he/she will make use of the advantages of budgets in order to allocate financial resources, to ensure all expenditures do not exceed budgeted plans, and to maximize the financial resources of the enterprise.
  1. If a manager, he/she will:
    1. Collect information, make appropriate forecasts and participate and/or support the budget team in preparing the budgets;
    2. Use the detailed budgets of various departments to ensure that each one operates within its planned budget;
    3. Report to management all variances between actual performance and forecasts; 
    4. Analyze the causes of variances, suggest and/or implement measures to resolve or improve the situation.

SME Owner, General Manager, Accountant, and Finance Executive, and NGOs

Course Detail

  • Trainer :Pich Rathmony
  • Class Start :26 Dec 2020
  • Class End :27 Dec 2020
  • Seat Availble :25 Seats
  • Time : 08:00 - 05:00
  • Fee :245 $
  • Early Bird : 195 $
  • venue :Hotel
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