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    SMART Financial Budgeting and Control
    SMART Financial Budgeting and Control is a two-day workshop where learners will be able to grasp in-depth understanding of Budgeting Concepts and Methodology surrounding cost management and budgeting. This cost is designed to help learners identify various types of budgets and provide learners the insights of an effective business unit’s operational budgets and its budget control system.

    Participants will be shown step-by-step examples with Excel Template. Participants are required to bring their laptop with Microsoft Word (Excel) software to the class as there will be hand on exercises with answer provided after the sharing session.
    Objective
    By the end of the course, learners will be able to:
    • Understand the purpose and flow of budget preparation process
    • Prepare various types of budgets, seek approval, and implement budgetary control
    • Analyse business strategies and objectives and gain insights of cost behaviour
    • Perform financial analysis to interpret business performance and highlight discrepancies
    • Use budget as a regular working tool to manage the business performance
    • Perform financial control to ensure compliance
    • Use and appreciate a cloud-based accounting software to prepare financial budget
    Outline
    1. Introduction
      • What is Budget?
    2. The Basics of Budgeting
      • Define the Importance of Budget
      • Types of Budgets
      • Understand where your budget fits in
    3. The Fundamentals of Finance
      • General Accepted Accounting Principles
    4. The Budgeting Preparation Process
    5. Monitoring and Managing Budgets
      • Budget Control Plan
    6. Budget Analysis
      • Compare Budget with Forecast and Actual
      • Financial Analysis
    7. Getting Your Budget Approved
      • Budget Approval Process
      • Stakeholder Precautions
    8. Comparing Investment Opportunities
      • Payback Period,
      • Break-Even Point
      • Cost-Benefit Analysis
      • Return of Investment
    9. Case Study
      • Preparing a financial budget
      • Make decision based on different case study scenarios
    10. Cloud-Based Accounting Software for Budgeting
    Who should attend
    Finance and Non-Finance Professional including Finance & Accounting Executives,
    Accountants, Heads of Department, Business Heads, GMs, and Entrepreneurs
    Methodology
    This course will be conducted where quizzes and group work will be used to reinforce learning. Illustrations and real-world examples from the trainer and participants experiences will be shared during the course. Case Studies, Discussion and Scenario-play and accounting software will be used to facilitate practical learning.
    Particular of Gary Chan
    Chartered Certified Accountant, (ACCA, UK)
    MBA in International Business (Henley Business School / University of Reading, UK)
    MSc in Strategic Marketing (National University of Ireland)
    Certified Trainer & Assessor (WDA-ACTA, Singapore)
    Certified Advisors ( Xero and QuickBooks Accounting System )

    Gary Chan has held various senior management roles in both local and international organizations including that of Regional Director and CFO for a large MNC, Director of Corporate Services for an SME, and Vice President for the Asia Pacific for a Fortune 500 company. These have enabled him to accumulate more than thirty years of extensive corporate finance and business leadership experience in his current role as a much sought-after corporate trainer and consultant; particularly in accounting, finance, business management, and development as well as strategic planning and implementation.

    Gary is a Chartered Accountant (ACCA, UK) and started his career as an external auditor with Price Waterhouse Coopers. He possesses an MBA in Business Administration from Henley University in the UK, majoring in International Business. In addition, Gary holds a Master of Science from the National University of Ireland, majoring in Strategic Marketing. Gary is a registered Chartered Accountant member with the Institute of Singapore Chartered Accountants (ISCA).

    Gary is passionate about helping people change and re-learn the way they lead, manage, think, create, and collaborate with the aim of supporting his learners in their journey to attain personal and organizational success.

    Gary utilizes his creativity and real-world examples in conducting his training. He is passionately fond of training and always willing to share with others all that he knows. His outgoing pleasant personality and confident disposition coupled with his lively, light-hearted, thoughtful, engaging, liberally sprinkled with humour and always relevant to his learners’ needs have made his training more lively, fun and insightful.

    Gary represents several departments of government and non-profit organizations in providing volunteer works and training to the public. Gary has been featured in the media locally and regionally. Gary is the founder of a local Skill Training & Consulting which provides training and advisory on Accounting, Tax, Financial Management, Financial Planning, Regional Business Development/Expansion, and Strategic Planning and Implementation.
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