THE ESSENTIAL OF BUDGETING PREPARATION AND CASH FLOW FORECASTING (1 DAY)
By Mr. Kenneth Tam
1 November 2019, 9:00 am to 5:00 pm
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
OBJECTIVES

Budgeting and cash flow forecasting are the two most important activities in every organization. Top management are increasing seeing the importance of accurate and efficient budgeting technique in shaping a more successful and prosperous organization overall.

This program introduces the budgeting framework to account and budget preparer from scratch. Individual departments within an organization are also required to provide their inputs before a budget can be constructed.

The workshop will provide a good understanding of budgeting process at an overall company level as well as departmental level. Having a good budget and cash flow planning strategy will help you set cost priorities and keep your organizational and administrative expenses under control

WHO SHOULD ATTEND

Head Of Department And Staff Who Are Involved In The Preparation Of Budget, Accountant, Business Planners, Operation Staff, Corporate Secretaries, Business Owners, Finance Executive And Supervisors.

METHODOLOGY
  • Lectures
  • Exercises facilitated by the trainer
  • Discussion of issues
Course Outlines :-
  1. MODULE 1 - APPROACH OF BUDGET PREPARATION
    • Purposes of budgeting
    • Develop budget guideline and time-table
    • Develop budget format and activity report
    • Develop realistic and budget assumption
    • Determine production volume, exchange rate, sales price and volume
    • Allocate responsibility for budget development and setting KPI
  2. MODULE 2 - HOW TO DEVELOP FUNCTIONAL BUDGET
    • Preparing the revenue budget based on sales forecasting techniques
    • Human resources budget and manpower requirement
    • Production budget in volume and value
    • Inventory requirement
    • Material usage and purchasing budget
    • Marketing and general administrative budget
  3. MODULE 3 - HOW TO PREPARE MASTER BUDGET
    • Budgeted Income Statement
    • Budgeted balance Sheet
    • Budgeted cash flow statement
    • Extracting key financial ratio from the master budget
  4. MODULE 4 - TYPES OF BUDGETING SYSTEM
    • Fixed and flexible budget
    • Rolling budget
    • Incremental Budget
    • Zero based budgeting
    • Supplementary budget
  5. MODULE 5 - CASH FLOW FORECASTING AND PLANNING
    • Identify cash inflow and outflow
    • Budgeted receivable and payable based on budgeted accounting ratio
    • Schedule payment of corporate tax and GST
    • Financial obligation on loan interest and repayment
    • Capital expenditure payment schedule
Your Trainer

Mr. Kenneth Tam is a trainer cum consultant. He has over 30 years of corporate experience in the field of financial management, financial accounting , tax , business planning and budgeting .He had wide , extensive and hand-on experience in various industries which include oil and gas( upstream and downstream) , manufacturing, trading ,project management and education. From 1980 to 2008 he held various managerial positions in a Global oil and gas group of companies, one of the Fortune 500 companies.

Kenneth Tam is a Fellow member of the Association of Certified Chartered Accountants UK (FCCA), Associate member of the Chartered Institute of Management Accountants UK (ACMA), member of the Charted Global Management Accountant (CGMA), a member of the Malaysian Institute of Accountants (MIA). He also obtained a certificate IV in assessment and workplace training from Australia and approved certified trainer from PSMB.

Course Fee
(Course fee is inclusive of 2 tea breaks, lunch, course material,Certificate of Attendance)
1 person ~ RM 848/ pax
2 persons or more ~ RM 742 / pax
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance and 6 % Service Tax )
Terms & Conditions:
1. Registration & Fees Policy
Registration is confirmed once registration form is received via fax/email/mail. All Payments/Undertaking Letters/Local Order (LO)/Letter of Approval must be made available and presented prior to the course.
2. Cancellation Policy
Any cancellation must be received in writing within 5 working days prior to the event else 30% payment will be imposed. Any no-show by registered delegates will be liable for full payment of the program fees.
3. Disclaimer & Program Changes Policy
Scientia Training Sdn Bhd reserves the right to amend or cancel the event due to circumstances beyond its control. We reserved the right to modify the advertised topics or course timing whenever necessary.
Registration:
1. Fax 03-6207 6727
       OR
3. Payment shall be made payable to SCIENTIA TRAINING SDN BHD
Contact Us:
Scientia Training Sdn. Bhd. (1001247-U)
SST No. B16-1902-32000126
Tel: 03 7732 0477     Fax: 03-6207 6727     
Info    019 335 1111     info@scientia.com.my
Sara    019 335 1111     sara@scientia.com.my
Nonie    019 327 1111     nonie@scientia.com.my
Max    012 375 2003     max@scientia.com.my
For Customised In-House Training:
Ronny     012 223 6666     ronny@scientia.com.my
Office Hour: Monday ~ Friday 9.00 am~6.00 pm
Click here to request for a Brochure
Copyright (c) 2015 by Scientia Training Sdn Bhd