Budgeting

Finance

Created by Dr Bala Shanmugam

Last Updated 2021-06-23

English

RM 600.00

 

HDRF-Claimable

Budgeting

Finance

Created by Dr Bala Shanmugam

Last Updated 23-06-2021 English

HDRF-Claimable

What you'll learn

  • Show how to financial plan and implement financial management approaches
  • Explain the interlinking of the various budgets within the business

Description

Module 1: Plan Financial Management Approaches
  • Access budget/financial plans for the work team
  • Clarify budget/financial plans with relevant personnel within the organization to ensure that documented outcomes are achievable, accurate and comprehensible
  • Negotiate any changes required to be made to budget/financial plans with relevant personnel within the organization
  • Prepare contingency plans in the event that initial plans need to be varied
Module 2: Implement financial management approaches
  • Disseminate relevant details of the agreed budget/financial plans to team members
  • Provide support to ensure that team members can competently perform required roles associated with the management of finances
  • Determine and access resources and systems to manage financial management processes within the work team
Module 3: Monitor and control finances
  • Implement process to monitor actual expenditure and to control costs across the work team
  • Monitor expenditure and costs on an agreed cyclical basis to identify cost variations and expenditure overruns
  • Implement, monitor and modify contingency plans as required to maintain financial objectives
  • Report on budget and expenditure in accordance with organizational protocol 

Metholodogy

  • Interactive lectures
  • Discussion
  • Practical exercise
  • Q&A session

Course Content

0 Sections, 0 Lectures

Instructor

Dr Bala Shanmugam

Phd FCPA, AIB (UK), B.A (UK), Masters (IRE)

Professor Dr Bala completed his PhD from University of Wollongong in 1988; Master of Business Studies (Hons) from National University of Ireland, Dublin; BA (Hons) in Banking, Insurance and Finance from University of Wales. He is currently a Fellow of Certified Practising Accountants and International Centre for Asian Studies. A member of Chartered Institute of Bankers (UK) and Malaysian Economic Association. Over the past 25 years, Professor Dr Bala had successfully supervised 50 Doctorate candidates in different Universities. He had published more than 100 papers in international journals from Banking, Accounting, and Finance to Economic sectors. He is a PSMB (HRDF) certified trainer.