Planning and Budgeting II: Types of Budgets, Budgeting Through Responsibility Centres, Activity Based Budgeting

Target Audience:Managers and company employees engaged in budgeting and subsequent analysis of budgets for large companies, comprised of a number of business units and financial responsibility centers (holdings).Duration: 2 days, 16 ac. hoursProvider:Venue:AEB office, Moscow, Krasnoproletarskaya ul. 16 bld. 3, entrance 8 (4th floor), nearest metro station - NovoslobodskayaLanguage:RussianCoach:Elena Zhukova
Elena ZhukovaElena Zhukova

Terms and Conditions

– The deadline for registration & payment is usually 5 days before the starting date of the course;
– Those who do not register and pay by the deadline will not be allowed to participate in the training;
– All payments are to be made by bank transfer;
– Once registration is closed, the fee is non-refundable.

 Training objectives and advantages
To introduce participants to different budgeting techniques, applied in companies.To introduce participants to the concept of a company’s stucture through responsibility centers. To familiarize with the modern approaches to budgeting. To consider Activity Based Budgeting and to develop skills of composition of an activity based budget.
Training program
Day 1

  • Fundamental concepts of management and the phases of budgeting development
  •  Budget classification:
    • Incremental budgeting
    • Zero-base budgeting
    • Flexible (continuous) budgeting
  • System of management and budgeting based on responsibility centers.

Day 2

  • Consolidation of budgets of responsibility centers in a joint budget of a company
  • Critique of traditional budgeting and new approaches to budgeting
  • Activity-Based Budgeting
  • Case study: composition of activity based budgets for a bank of commerce
  • Evaluation of assets flexibility
  • Main documents, regulating a budgeting process (elective).

Training is conducted in an interactive form and includes a number of case-studies.Training participants are provided with specifically designed training materials in Russian language

All participants will receive a certificate of attendance