Seminar Objective
The financial representation of the annual Budget, the progress of its implementation and the control of deviations shall be based on data recorded in the company’s accounting books and not on off-accounting statements. It aims at the documented and recorded monitoring of the budget implementation process and at decision-making in a structured and comprehensive manner.
Methodology
Theoretical and practical training in the preparation of proper and effective balance sheets.
Who Should Attend
It is addressed to Directors and executives of Organizations and aims at a better understanding of the company’s key financial figures and supporting decision-making.
Seminar Content
- Corporate model – Company organization
- Basic principles for preparing the annual Budget
- Company organizational structure – Creation of Cost Centers (primary and supporting)
- Classification of costs into fixed and variable
- Capacity utilization of cost centers
- Creation of a chart of accounts for budget monitoring – Content of the accounts
- Linking of the respective accounts (practical example)
- Design of the company’s management reporting templates
- Budget vs. Actual variance control