Effective Budget Forecasting - Raising the challenge of the 21st century by implementing a dynamic a (Finance Budgeting)

Venue: Prince Hotel

Location: Kuala Lumpur, Federal Territory, Malaysia

Event Date/Time: Dec 08, 2009 End Date/Time: Dec 10, 2009
Registration Date: Nov 25, 2009
Early Registration Date: Nov 01, 2009
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Financial Planning is a continuous process that flows with strategic decision-making. The Operating Plan and the
Financial Plan will both support the Strategic Plan. The best place to start in preparing a budget is with sales since
this is a driving force behind much of our financial activity. However, we have to take into account numerous factors
before we can finalize our budgets.


Prince Hotel
Jalan Conlay
Kuala Lumpur

Additional Information

As businesses began to turn their attention from implementing their 2009 plans to formulating new ones for 2010 especially when the global financial turbulence has prolonged the recovery mode for all businesses across the region. Due to an increasingly competitive and volatile environment, many businesses recognise that it is common to face the financial stumbling blocks at some point particularly when budget is the biggest constraint. Therefore it is crucial that they make use of effective financial tools, techniques and approaches to deliver cost-effective solutions. Of all these, an efficient and effective budgeting systems are the most common and widely used management tool for planning and control. However, many businesses suffer from poorly constructed budgeting and financial processes that stifle achievement and result in frustration or discouragement. Some companies also acknowledge that their budgets are too rigid, unresponsive, bureaucratic and add little value to their performance. This highly interactive course is designed to teach you how to create a more meaningful budget, and how to use this budget to more effectively make important business decisions. Throughout the programme, you will identify effective methods for translating your organisation’s strategic initiatives into measurable financial performance. Now that you are in charge – what’s next? Are you 100% clear about the strategic direction of your department / organisation (and your target companies)? How and where is it going?