CORPORATE BUDGETING FOR MANAGERS COURSE OVERVIEW Many managers, although experts in their own field and skilled at motivating their team to perform, are also required to prepare and report on the annual budget. The problem is not everyone has a financial background and this is an area that leaves many feeling out of their depth and unprepared. But it doesn't have to be this way.  AstroTech can help make next year's budget process, not only much easier, but also a valuable management tool.  To assist busy managers in mastering corporate budgeting, AstroTech is offering a course on "Corporate Budgeting for Managers".

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The course will cover the following key topics:

• Understanding the purpose and objectives of budgeting in organisations

• Understanding Budgeting within a business unit

• Knowing the different types of budgets

• How budgeting impacts the flow and allocation of money in an organisation

• Making sense of budgeting terminology

• Understanding the difference between operational & capital budgeting

• Zero-based and activity based budgeting

• Comparing the budget to actuals and identifying & analyzing discrepancies

• Understanding the difference between positive and negative variances

• Using variances to address performance issues

• Expenditure & Costing

• Fixed & variable costs

• Forecasts & projections based on historical information

• Understanding how budgets fit into cash flow statements

• Constructing, presenting & justifying a budget convincingly

• Accurate budget & expenditure reporting

• Knowing what kind of budget is appropriate for which situation

• Mastering capital budgeting calculations including:

  - Discounted cash flow

  - Future value

  - Present value

  - Net present value

  - Depreciation of capital investments

WHO SHOULD ATTEND

• Managers, directors, professionals and project managers who need to better understand corporate budgeting
• Those involved in the creation and reporting of business budgets
• Project personnel that need to justify project or capital expenditure
• Anyone else required to work with corporate budgets that wants to acquire the necessary skills to better create, analyse and/or report on budgets
  

KEY BENEFITS

• Better understand how a budget impacts both the company and your business unit
• Understand the benefits of a budget
• Be able to better motivate and justify your budget through greater understanding
• Know what variances mean in terms of performance indicators
• Feel in control

GENERAL

Provision of the course by AstroTech includes:

• Professional Presentation of the subject matter
• All course material & tutorials
• Suitable Training Venue
• Lunch & Refreshments

The course is 3 days in duration.

There is a 5 % discount for registrations received two week prior to course commencement.

TERMS AND CONDITIONS

Upon receipt of your enrolment, a tax invoice will be processed and payment is required prior to the start of the scheduled course.

Should course expectations not be met for any reason, delegates are given the opportunity to leave before lunch on the 1st day and receive a full refund of the course fee.

Cancellations

A cancellation can only be confirmed if we are advised in writing at training@astrotech.co.za

For cancellations received more than one week prior to the course:

• 0% cancellation fee will apply.

For cancellations received less than ONE WEEK prior to the course:

• 50% cancellation fee will apply. 

For cancellations received within 24 hours of the course:

• 100% cancellation fee will apply.

Substitutes are welcome at no additional charge at any time prior to the course.

Postponements

Requests to postpone course attendance must be received in writing at least three full working days prior to the course commencement. Should we not receive written confirmation within this period; the postponement will be subject to an additional fee of R 1,270 (excl VAT) per delegate.

All course postponements or programme exchanges need to be utilized within 6 months of the original course booking or the course fee will be forfeited.

Cancellations on postponements or exchanges are subject to the full course fee.

Absent Delegates

In the event that a delegate does not arrive for the course and no written cancellation has been received and confirmed, the full course fee will be payable.

Presenters

Should it be necessary, AstroTech reserves the right to substitute the presenter.

Communication

When a person registers on AstroTech’s website, is registered on an AstroTech course or sends an email to AstroTech, that person consents to receiving communications electronically or otherwise by AstroTech and/or its business partners.

Disclaimer

AstroTech wish to advise that they will not be held responsible for any loss, damage or harm, direct, indirect, consequential or otherwise and howsoever arising that may be caused to any person or property during the providing of any services by AstroTech to the client.

If the course is not held for any reason, AstroTech's liability is limited to the refund of the full course fee.