Effective Budget & Budgetary Control

Instructor

M A Wahab

Categories

Finance and Accounting

Please fill following information

Effective-Budget-&-Budgetary-Control_WEB_Feb_2022

Overview
Instructor

1. Budget, it’s meaning, and objects of budget, utilities, etc.

Action Plan
Comparing The Results
Providing Guidance (Revenue & Expense growth)
Forecasting And Decision Making

2. Types of Budget:

(a) Types based on Fund/source of finance:

(i) balanced budget

(ii) surplus budget and

(iii) deficit budget.

(b) Types based on ownership:

(i) Govt. budget

(ii) Business budget

(iii) Personal budget

(c) Types based on longevity:

(i) Revenue budget

(ii) Capital budget, Flexible Budget, Master Budget, Fixed Budget, etc.

3. Comparison among Government budget, Personal budget & Business budget

Principle of “Cut your coat according to cloth” and vice versa

4. Budget and growth analysis, comparison with actual; Threats in preparing budget and how to overcome it?

5. Variance analysis and taking remedial action for negative/adverse variance

6. Guidelines for preparing an effective Business Budget:

(i) Use of statistical facts (Both previous & present)

(ii) Coordination with Management

(iii) Team involvement

(iv) Budget preparation meeting

(v) Informing the team of the management guideline (Income and expenses growth, incentive plan, etc)

7. Why budgeting is so important?

8. Budgetary control: it’s significance, scope, etc.

9. Purposes/objects of Budgetary Control

10. Monitoring of operating results and motivation of personnel to achieve business objectives

11. Budget revision (Quarterly/Half yearly)/Revising budget based on actual performance (as far as practicable) keeping annual target in view

12. Practical case studies (IN DEPTH) of successful budgeting; elasticity in Budgetary control

13. Practical Procedure of preparing an effective budget by using statistical data and it’s controlling measures; reasonableness of budget/estimate under SMART principle.

14. Causes of unsuccessful Budgeting (controllable & uncontrollable situation (political, natural, etc. obvious factors) and remedial actions

15. Q & A Session

Course Information

Reg. Ends 22 February, 2022
Start Date 23 February, 2022
End Date 24 February, 2022
Class Schedule 07:00 PM TO 09:00 PM
Total Hours 4 Hours
Venue Title Online Live Training
Venue Address www.sudoksho.com/class-room

M A Wahab

M A Wahab is an author, educator as well as a freelance HR & Financial Consultant. Presently has been engaged (part-time basis) in management auditing jointly with Hoda Vasi Chowdhury & Co (Chartered Accountants) and SSMT as Management Consultant.

He served various foreign and reputed national organizations of Bangladesh (most notably: Dhaka City College, CIBA-GEIGY (presently: NOVARTIS), Swedish Match AB, Bangabandhu bridge, SwissContact-KATALYST, Navana group, etc) for more than three decades in different management capacities with proven track records.

Wahab is the author of text books on Cost Accounting, Auditing approved by Dhaka University and National University for its graduate & post-graduate curriculum. He was an examiner of Dhaka University.

He received Master of Commerce with Honors (in Finance) and M. Com. (Accounting) from Dhaka University, Post-graduation in HR management (BIM), CA course from the Institute of Chartered Accountants, Bangladesh.

Wahab is a certified ISO/QMS auditor (IRCA, UK, Certificate # 1186027), Fellow of the Institute of Personnel Management (IPM), Institute of Internal Auditors and Intellectual Property Association of Bangladesh, Fellow of The Institute of Management Consultants (IMCA,B), BOLD.

Wahab was a (ex-officio) member of the Board of Directors of Social Islamic Bank Limited (SIBL) and the Director (Finance and Admin/HR) of New Brothers Knitwear Limited.

He is was a guest speaker of American International University of Bangladesh (AIUB), Gulshan Commerce College, Bangabashi College, Dhaka, Rishilp International School & College, Satkhira, Graduate Preparatory School of Business, Dhanmondi, etc.

He uses to provide lectures and deliver papers as Resource Person on different management issues like: General management, Administration, HR Training & Skill Development, Communication, Leadership, Finance, Auditing, Quality, Compliance, etc.

Among all the areas of M A Wahab’s expertise he is well acquainted with education, his preferred passion & long cherished desire that’s why he searches scope for furtherance of education.