Foundation Course in Bookkeeping and Budget Estimation

Planning and budgeting are must-have skills for all professionals regardless of their function or managerial level. 

This course covers the concept of budgeting as a planning tool, a financial device, and a control mechanism. In addition, it provides the necessary application tools required to make long-term and short-term planning decisions.

Projects or businesses cannot be successful without accurate and timely project cost estimating. Estimating is a practice that occurs throughout the project/ business management lifecycle, and so it must be done effectively and efficiently. 

In today’s firms, cost analysis and budgeting are essential components of management. Companies nowadays are recommended to align their strategies with precise systems of resource allocation and performance evaluation if they desire to remain competitive. 

In keeping with this, planning, cost tracking, control, and reduction are crucial tasks that businesses must carry out and keep an eye on while they undertake their most crucial aspects.

This training course is suitable for a broad range of professionals, especially those with direct or indirect budget responsibilities within a team, a department or a division. 

The course is also appropriate for those who are required to run budgetary plans and are responsible for cost and strategic analysis.

Managers and customers expect to get value for money. A significant number of projects have been canceled or are seen as a failure because they ran too far over budget. 

This Bookkeeping & Budget Estimation training course will present the participants with straightforward approaches to developing a cost baseline and setting up a cost-tracking system so that the budget is well managed during the project’s life cycle.

Upon the completion of this Bookkeeping & Budget Estimation Certification Course, students will be able to:

• Understand the impact of budgeting in achieving your organizational goals

• Develop means to increase profitability and performance through streamlined planning and reporting

• Make better business decisions centered on financial planning and analysis

• Increase managerial collaboration on business planning and decision-making

• Identify and recognize key performance indicators for effective and focused decision-making

• Learn how to integrate budgeting and forecasting and associate these with your business strategy