Working with Budgets

Training on

Working with Budgets

2-3 July 2016

Budgets are an essential tool in the management of an organization’s affairs. In order to prepare budgets, a manager must understand precisely what budgets are, how they are prepared and what their applications in the management’s decision   process are.

The Working with Budgets training will provide trainee with basic theories and detailed exercises that are applicable to the day-to-day operations of an enterprise.

COURSE OBJECTIVES

• define budgets;
• outline the steps in preparing a budget;
• explain how to use budgets and budgetary control.

COURSE CONTENTS

1. Budgets and their advantages
2. Steps in preparing budgets
3. Process to prepare the master budget
4. Uses of budgets

TRAINER PROFILE

Ms. Pich Rathmony is a specialist in Financial Management and Entrepreneurship Education. She has her Bachelor Degree in Business Economic from National University of Management and Master Degree of General Management from Charles Sturt University. In addition, she earns an acceptance to provincial certification Training of Business Edge by Mekong Private Sector Development Facility which is part of World Bank Group.                      

Ms. Rathmony has had more than 14 years of experience in consulting and delivering business training to those concerned business owners within the country. She has conducted training to some sectors such as Trade Unions, Multi National Corporation –Garment factories, NGOs, Government agencies, and Business corporate companies. Her training expertises are Business Plan Creation, Micro Business, Entrepreneurship, Project Planning, Accounting and Financial skills.

Currently, Mony is a full-time trainer and consultant specializes in Small and Medium Enterprise (SME) for EDI in assisting clients to design strategic process, managing and reporting by business project and oversee with those projects to ensure that project members understand their jobs and are able to fulfill company’s expectation to achieve their financial goals and objectives.

WHO SHOULD ATTEND?
After gaining a greater understanding of the basic concepts of budgets and budgetary control, the learners will be able to do the following things in their work place:
1- If an owner, he/she will make use of the advantages of budgets in order to allocate financial resources, to ensure all expenditures do not exceed budgeted plans, and to maximize the financial resources of the enterprise.
2- If a manager, he/she will:

• Collect information, make appropriate forecasts and participate and/or support the budget team in preparing the budgets;
• Use the detailed budgets of various departments to ensure that each one operates within its planned budget;
• Report to management all variances between actual performance and forecasts;
• Analyze causes of variances, suggest and/or implement measures to resolve or improve the situation.

COURSE DETAILS

Date:                2-3 July 2016

Venue:             Hotel/Restaurant located in Phnom Penh

Time:                8 am- 5 pm

Language:       Khmer

Fee:                 US$ 250 (Exclude any Taxes)

Early Bird:       US$ 230 (Register before June 29)
The Fee includes: Lunch, Refreshment, Materials and  Certificate. 

Educational Development Institute (EDI)

#22, St. 51┴154, Sangkat Phsar Thmei III, Khan Daun Penh, Phnom Penh.
Tel: 023 966 967 / 015 728 123 / 012 222 650 / 012 915 895 / 016 557 123
Email:  info@edi-cambodia.org  /  training@edi-cambodia.org