WSQ Develop And Establish Financial Budget And Plans (WD008)

This 2-day course is designed to discuss the main features of determining financial needs, formulating financial plans, establishing resource allocation, reviewing financial forecasts and budgets, as well as monitoring the budget and reporting findings to relevant stakeholders.

• Interesting case studies will be used to make your learning even more relevant to your job.
• Discussions for collaborative exchange of ideas.
• Games to develop connections with the content and form positive memories of learning.

Programme Outline:

The following topics will be covered in the 2-day course:

• Determine short and long term financial needs to assess current financial situation.
• Formulate financial plans aligned to overall organisational strategies.
• Establish allocation of resources in accordance with organisational financial plans.
• Review financial forecasts to anticipate changes in circumstances.
• Review draft budget in accordance with organisational guidelines.
• Monitor and evaluate actual figures against budget to identify and address variances.
• Report findings, recommendations and options to relevant stakeholders for review in accordance with organisational policies.

The course will help participant to know and understand:

• types of financial milestones and performance indicators
• methods of identifying factors that may impact financial plans or budgets
• assumptions and parameters of financial forecasts
• means of communication of budget plans
• stakeholders to discuss and negotiate cost allocation and targets with 
• significant issues pertaining to budgets