Lok Jack GSB’s Budgeting Workshop

Overview 

This 3-day workshop encompassing one 2-day core component and one 1-day facilitated strategy and implementation session, is designed to build or strengthen the ability of current or prospective managers in order to allow them to participate fully in developing and overseeing financial/budgeting strategies for the departments for which they are responsible. The workshop will inform participants on the review and analysis of budgets and planning and the skills to understand how their managerial decisions translate into dollars and cents. Participants will gain specific insight into the application of financial/budgeting tools and techniques to ensure that time spent within the budget and planning process is productive and a value added component of year round financial management. Participants will be better prepared to engage, inform and /or interact with the financial data within the organisation and ensure that individual and corporate plans / targets are being met or need to be modified.

Target Audience

This workshop would be beneficial to:

  • Senior management and business unit heads of operational units
  • Key employees and managers responsible for goals and targets
  • Corporate financial staff responsible for coordinating and communicating on budgets and variances
  • Risk managers and management advisors
  • New managers

 

Learning Objectives

Upon completion of this workshop, participants should be able to:

  • Demonstrate an understanding of basic financial indicators and the financial activities within a unit or department
  • Identify and explain the link between department and corporate goals and their measurement
  • Demonstrate an understanding of the purpose and use of a budget
  • Develop a revenue and expenditure budget
  • Develop a capital budget
  • Use budget planning to translate managerial decisions into dollars
  • Set monthly targets and prepare for contingencies
  • Recognise when the numbers are indicating that change is required and how to monitor change within the budget variance process

 

Programme Outline

Topics covered in this workshop include:

  • The role and function of the budget process in the management of company resources
  • The role of the budget variance process as a performance measurement tool
  • Departmental , organisational and product management reporting against targets and plans
  • The use of budgets to manage and measure compliance (OSHA, safety, regulatory, other)
  • Management oversight of the budget support system
  • Preparing budgets and managing budget variances
  • Budgets and the bottom line (profit, asset and liability goals)

 

Facilitator: Mr. Nigel Chinapoo

Mr. Nigel Chinapoo

Details

Date View Event Calendar
Time 8:30 pm – 4:30 pm
Duration 3 Days
Cost TT $4,200.00 (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope

Contact

Tel: 645-6700
Fax: 662-1411

Coordinators:

Brent Cassim - ext. 330
Anastasia Mohammed - ext. 328

E-mail:  openenrolment@lokjackgsb.edu.tt

Certification

Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.

 

  

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