Budgeting and management accounting

Programme

Theoretical foundations of setting up a budget management system

• Organisational foundations of setting up a budget management system
• The financial structure — the basis of financial management
• financial responsibility centres
• analysing and optimising the organisational structure as the basis for the financial structure
• Example of building a financial structure

Management accounting

• Types of accounting systems organised at the enterprise
• Cost management: types of costs, cost accounting methods

Technology for setting up budget management

• General concept of budgets
• Description of the master budgets
• The interrelation of operating, functional and master budgets
• Budget items
• Technique for building budgets: income and expense budget, cash flow budget, budgets in physical and value terms, balance sheet budget

Workshop:

• Building the budget structure

Principles of budget planning

• Conceptual foundations of planning
• Stages of forming budgets
• The concept of budget planning regulations
• Budget planning as a business process

Comprehensive example and practical skills in building a budget management system

• Example of developing and controlling an enterprise budget
• budget planning and analysis
• budget adjustment and analysis
• actual budget execution
• analysing actual budget execution (structural analysis, factor analysis, break-even analysis, financial ratio analysis)
• Solving practical problems
• developing the financial structure
• developing the budget structure