Budgeting Workshop


budgeting-workshopThis 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 Objective

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

Designed to run over a 3-day period, the workshop will cover specific deliverables on:

  • 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. Ian Chinapoo

Currently Managing Director, Trinidad & Tobago and Regional Investment Banking at First Caribbean International Bank Limited, Ian is in his eighth year with FirstCaribbean and has 15 years overall in Banking. Ian first served at First Caribbean as Director of Origination for the Southern Caribbean where he was responsible for the development and origination activities for Capital Markets products. In 2005, he went on to head the regional Capital Markets business.

In his Investment Banking role, Ian leads a regional team operating in 17 jurisdictions and comprising the Directors of Origination and Capital Markets Products, Institutional Relations, Syndications and Deals Management. In his operating company role, he is responsible for overview and management of FirstCaribbean's franchise in Trinidad and Tobago.

Prior to joining FirstCaribbean International Bank, Ian worked as Vice-President, Business Head (CGIB) - Citibank NA, Bahamas, where he was responsible for the operations of Citigroup's Global Corporate and Investment Bank. He was also part of Citigroup's team based in Miami in his role as Vice-President – Senior Transactor- Andean, Caribbean and Central America.

From 1995 to 1997, he tutored in the undergraduate Accounting programmes at the Faculty of Social Sciences, St. Augustine Campus, University of the West Indies and from 1996 to 2000, he lectured at the Institute of Business (now Arthur Lok Jack Graduate School of Business) in the Post Graduate Diploma in Human Resources (now Masters in Human Resources), the International MBA and Executive MBA programmes. From 2008, upon returning to Trinidad & Tobago, he resumed lecturing in the MBA and MSc International Finance programmes. Working with the school, he has also designed and delivered several professional development workshops for companies and targeted public audiences over the years from 1995.

Ian holds a B.Sc in Accounting with First Class Honours from The University of the West Indies. He is a graduate of the Executive Leadership Programme from The Wharton School of Business, University of Pennsylvania. He is a member of the Board of Directors of FirstCaribbean International Bank (Trinidad and Tobago) Ltd, as well as FirstCaribbean Trust and Merchant Bank (Barbados) Ltd. From September 2009 to December 2010, he was also Vice Chairman of the Board of Directors of the National ICT Company Limited ("iGovTT") and Chairman of iGovTT's Finance Committee.


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


Tel: 645-6700
Fax: 662-1411


Christa Sankarsingh - ext. 307
Naiee Persad-Singh - ext. 310

E-mail:  openenrolment@lokjackgsb.edu.tt


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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