This training discusses the essential function of Budgeting and Budgetary Control for Banks. It presents an operational definition of budgets and explains the different types, features and benefits of budgets. Five (5) main types of budgets - typical of Banks are presented together with a summary of eight (8) key benefits to enhance participants’ understanding of the overall benefits of budgeting for their respective Banks.
The training further elaborates on the main linkages between business plans and budgets. A summary of the key personnel involved in the budgetary process and their various responsibilities are also discussed. This discussion is tied in with a presentation on the budget calendar which serves as a guideline for all the various budget activities with their timelines and respective responsible persons in charge of each budget activity. The training further highlights budget preparation and concludes with how budgets can be used as a tool for controlling all the resources of the Bank.
There are case studies and trial questions woven into the various sessions of the training to enhance participants’ understanding and also give participants a hands-on approach to practicing the lessons under each session of the training.
Among others the main objectives to be achieved will include:
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