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EFFECTIVE BUDGETING AND CASH FLOW MANAGEMENT

EFFECTIVE BUDGETING AND CASH FLOW MANAGEMENT. INTRODUCTION. Cash is crucial for a company to survive or for a project to cintinue. As a key indicator of corporate health, the amount of cash inflows and outflows must be carefully managed.

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EFFECTIVE BUDGETING AND CASH FLOW MANAGEMENT

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  1. EFFECTIVE BUDGETING AND CASH FLOW MANAGEMENT

  2. INTRODUCTION Cash is crucial for a company to survive or for a project to cintinue. As a key indicator of corporate health, the amount of cash inflows and outflows must be carefully managed. An effective tool to manage inflows and outflows is budgeting. Budgeting is a tool for allocating financial resources and controlling their use. Hence, budgeting and cash flow are amongst the most important aspects of financial management.

  3. COURSE OBJECTIVES • After attending the two‐day course, the participants are expected to:  • Understand the importance of managing cash flow effectively to  • ensure continued financial health.  • Learn effective techniques for efficient working capital management.  • Learn how to design business plans (budgets) by improving the liquidity and solvency (by managing well cash)  • Understand how to build and manage a realistic budget in line with  • the strategic plan.  • 5. Learn the relevant tools and techniques for making business decisions  • and to improve financial performance  

  4. COURSE OUTLINE The course materials have been designed to make the workshop  enjoyableand effective including to non‐financial people by using an interactive  learning  approach, i.e. case studies.  At the end of the  course, participants will  gained clear understanding on how to  construct and manage budget and  cash flows effectively. The course is conducted to help participants acquire the required  knowledge and skills in the area of budgeting, cost control  and  cashflow management to enhance their decisionmaking  abilities. The  workshop  provides  the skills  needed to  efficiently  and  effectively use available resources, particularly on how to improve their cash flows. 

  5. COURSE OUTLINE The course materials have been designed to make the workshop  enjoyableand effective including to non‐financial people by using an interactive  learning  approach, i.e. case studies.  At the end of the  course, participants will  gained clear understanding on how to  construct and manage budget and  cash flows effectively. The course is conducted to help participants acquire the required  knowledge and skills in the area of budgeting, cost control  and  cashflow management to enhance their decisionmaking  abilities. The  workshop  provides  the skills  needed to  efficiently  and  effectively use available resources, particularly on how to improve their cash flows. 

  6. COURSE CONTENT • Budgeting and Management Control  •   The Challenges of Managing Budgets  • Budgeting, Innovation & Learning  • The Cash Flow Cycle  • Preparing Cash Flow Budget  • Cash Flow Statement Analysis 

  7. COURSE OUTLINE Prepare operating and financial budget, including cash flow budget.  Explain the principles that underlie the use of budgets in  control  Discuss the broader managerial issues arising from the use of budgets in innovation and learning  Perform cash flow statement analysis and interprets the  financial and operating performance in terms of liquidity,  solvency, profitability, financing and investing.  Evaluate risks and other factors to be considered to  manage effectively working capital, especially cash.  Apply tools and techniques for a solid analysis to make  business decisions. Improve financial performance. 

  8. WHO SHOUL ATTEND • Managers – • General, Sales, Marketing, Production, Operations, IT,  Purchasing, Customer Service; Head of Units in not‐for‐ profit or government sectors; those who do nothave prior  accounting background or experience, but need to be  equipped with basic accounting  knowledge and be able  to apply relevant accounting techniques when making business decisions.  

  9. TRAINER PROFILE MR. AZHARI ALI He is a degree holderin B.Acct. (Hons) from (Universiti Utara Malaysia), M.Sc. (Internal Auditing and Management) (UK), Diploma of Accountancy (POLIMAS), A.M. (M), AIIA, is a senior lecturer in financial accounting and auditing at College of Business, University Utara Malaysia. He has carried out consultation works on financial operating procedures for company and cooperative; and published paper in overseas journal. He also involved in the curriculum development of accounting program at the university. His research interest is extensively in the areas of internal auditing, financial accounting and reporting, risk management, corporate governance and accounting information system

  10. TRAINER PROFILE MRS WAN NORHAYATI WAN MOHAMAD She is a degree holder inBA (Hons) Accountacy Studies (University of Portsmouth, UK), MSc Information Technology (USM)is an accounting lecturer in the College of Business, University Utara Malaysia. Before joining UUM, she was an executive in one of the leading bank in Malaysia On top of lecturing various accounting subjects, especially accounting information system and management accounting, she has also involved in consultation works on financial operating procedures for company and cooperative. Her research interests are in the area of accounting information system, HALAL issues and E-Government.

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