Workshop Description:

Most executives and managers feel that traditional budgeting is a non-value added process which takes too long and cost to much.  This workshop will cover the most advanced topics in budgeting such as Activity-Based Budgeting (ABB), Performance-Based Budgeting (PBB), Kaizen Budgeting (KB) …

Workshop Goal:

To enhance the participants’ knowledge, abilities and skills necessary to understand and use the new aspects in budgeting

Workshop Objectives:

By the end of the workshop the participant will be able to:

1. Engage everyone in thinking about how they can better create value for the organization
2. Link planning and new aspects in budgeting
3. Identify waste and non-value in the budget and create action plans to eliminate it

Workshop Outline:

• Cost Terminology
• Budget and Budgeting: An Overview

1. Advantages of Budgets
2. Definition of Budget
3. Budgeting Cycle
4. Time Coverage of Budgets
5. Types of Budgets
6. The Principal Steps in Preparing a Master Budget.

• Activity-Based Budgeting

1. What is Activity-Based Management?
2. What is Activity-Based Costing?
3. What is Activity-Based Budgeting?
4. Performance-Based Budgeting
5. What is the Performance Management?
6. What is the Performance-Based Budgeting
7. What are Benefits of Performance- Based Budgeting
8. What is the role of PBB in the process of monitoring, evaluating reporting results

• Kaizen Budgeting (KB)

1. Kaizen: What does it mean?
2. The Role of Kaizen Standards
3. Kaizen Budgeting & Learning Curves
4. Kaizen as a budgetary approach

• Zero Based Budgeting (ZBB)
• Modified ZBB
• Rolling Budgets and Forecasts
• Strategic Budgeting (SB)

1. Definition of SB
2. Implication of Strategic Budgeting
3. The Implementation Process
4. Benefits of SB
5. Strengths of SB
6. Concerns and Cautions

Who Can Benefit?

Controllers, senior finance managers, executives and every one with budget responsibilities