EFFECTIVE BUDGETING AND

CASH FLOW PLANNING

Many organizations use budgeting and forecasting as a means of providing

and updating tactical operating plans and controlling costs; but world-class

organizations use these, and other powerful tools, within a framework

specifically designed to develop and execute business strategy and

manage organizational performance.

But most managers are trained for their functional roles, not for

finance. Yet every manager is expected to understand finances well

enough to make realistic budgets, manage cash, and hit his or her

targets. This power-packed training course will provide you with the skills

and tools to do this, with the aim of achieving your organization’s overall

goals.

Course Objectives

Learn the steps involve in business planning

Learn how to produce the business plan

Understand the budget planning process, preparation , review

and control

Implement and administer company successfully

Use the budget to management actions and decision and

translate organization values into business target

Learn the major weaknesses and alternative techniques to

traditional budgeting

Recognize the importance of human behaviour affecting the

budget

Course Details

Trainer : Kenneth Tam Fook Cheong

Date : 16-17 Mar 2017 (2 days)

Venue : Amcorp Mall, Petaling Jaya

Scheme : PSMB - SBL

Who’s Suitable for this?

Finance/Accounts Department:

Senior Executives, HODs, GMs, and

Accountant.

Methodology

The program will use a range of interactive

activities-group and individual exercises,

case studies and discussions. The aim is to

provide a focus for action that will maximise

learning. The approach used is “Experiential

Leaning’’

Individual Price

RM1, 650 per pax (exclusive 6%GST)

Group Discount (3pax and above)

RM1, 500 per pax (exclusive 6% GST)

Early Bird Price (Before 17 Feb’17)

RM1, 402.50 per pax (exclusive 6% GST)

EARLY BIRD DISCOUNT

Get 15% off if you sign up before 17 Feb 2017

Course Outline

Module 1 - Importance of Planning Framework in

Budgeting Process

Business Assessment

Assess Positioning in the Industry

Segmentation Analysis

Issues Identification

Module 2 - How to Evaluate Strategy Option

Generate Strategy Option

Evaluate Strategy

Value Creation Analysis

Compute Economy Earning for each Option

Selection of Strategy based on best value

Develop Business Plan

Module 3 - Budgeting Framework

Develop Budget Guideline and Time-Table

Develop Realistic and Budget Assumption

How to Prepare Operating Expenses

Centralised and Decentralised Budget

Budget Review Process

Module 4 - How to Develop Functional Budget

Sales Forecasting Techniques

Industry Indicator

Sales and Production Budget

Inventory Budget

Manpower Budget in Headcount and Cost

Common Overhead Allocation

Day 1 and Day 2 Timing

Class Time: 0900 – 1700

Break: 1015 – 1030 / 1515 – 1530

Lunch: 1300 – 1400

Module 5 - Types of Budget System

Fixed and Flexible Budget

Rolling Budget

Incremental Budget

Zero-Based Budgeting

Supplementary Budget

Module 6 - Cash Flow Forecasting

Percentages of Sales Method

Based on Budgeted Accounting ratio on Receivable

and Payable

Schedule Payment of Tax, Dividend, Loan

Repayment and Interest Charges

Module 7 - Capital Evaluation Techniques

Payback Period

Net Present Value

Internal Rate of Return

Profitability Index

Inflation Impact

Tax Consideration

Module 8 - Importance of Responsibility Accounting

and Variance Reporting

Management Buy-In

Top-Down vs Bottom Up

Behavioural Aspect

Cost Variance to Individual Cost Centre

Corrective Action to Improve Cost Efficiency

Trainer Profile

Kenneth Tam Fook Cheong

Fellow Member of Chartered Association Of Certified Public Accountant (FCCA)

Associate Member Of Institute Chartered Of Management Accountant (ACMA)

Kenneth Tam is a fellow member of the Chartered Association of Certified Accountants, UK and associate member of the

Chartered Institute of Management Accountants, UK. He is also a member of the Malaysia Institute of Accountants, holds a

certificate IV in Assessment and Workplace Training awarded by TAFE SA from Australia and is a certified PSMB trainer.

He started his career in 1975 as an auditor in a medium-sized audit firm and later jointed National University of Malaysia as a

Financial Accountant. He spent the next 20 years with Petronas where he undertook various roles within the group in the

areas of strategic planning, corporate planning, financial reporting, project and property management and other finance

related matters.

Currently, he serves as learning and training consultant for various training consultancies, training providers and facilitates

workshop sessions for professional and accountancy bodies as well as a local counsellor for a MBA program (finance module).

He also serves as an independent non-executive director for two companies listed on Bursa Malaysia.

Kenneth is well known for his programs on Goods and Service Tax (GST) which he frequently conducts for various organizations

in the construction, property, freight transportation, logistics and manufacturing sector.

Some of the well- known organizations that have benefited from his expertise include:

Dell Global Business Center Sdn Bhd

Exabytes Networks Sdn Bhd

H & M (M) Sdn Bhd

Happy Frozen Foods Sdn Bhd

IDS Manufacturing Sdn Bhd

Joo Kee Timber (M) Sdn Bhd

Kun Kee Food Industries Sdn Bhd

ME Gusta Travel Services Sdn Bhd

MIQ Logistics Malaysia Sdn Bhd

O.G. Textile Sdn Bhd

Penang Batik Factory Sdn Bhd

Penang Southern Lorry Services Sdn Bhd

Perbadanan Bekalan air Pulau Pinang Sdn Bhd

Power Metal Technologies (M) Sdn Bhd

S.E. Marketing Sdn Bhd

Sensata Technologies Malaysia Sdn Bhd

Tiffany & Co Corporation Sdn Bhd

TNE Logistics Sdn Bhd

Yikon Jewellery Industry Sdn Bhd

Soon Huat Trading

E.U. Connector (M) Sdn Bhd