Basic Budgeting Workshop

Date: 7 July (Monday) – 9 July 2025 (Wednesday)
Time: 8:30am – 3:30pm

AIMS

To provide participants with foundational budgeting skills, this workshop covers cash, materials, labour, and overheads. Learn to analyze costs, prepare budgets, and support financial planning with practical tools like material purchase budgets and advanced cash budgets.

A 3 Days Workshop Outline

DAY ONE
– Introduction to cash budgeting
– Different types of costs
– Understanding different cost behaviour
– Understanding material cycle
– Material requirement budget
– Material purchases budget

DAY TWO
– Labour cost
– Calculating employee’s net pay
– Calculating total labour costs
– Different types of remuneration methods
– Labour budget
– Analysis of overhead
– Allocation of overhead
– Apportionment of overhead
– Reapportionment of overhead
– Absorption of overhead

DAY THREE
– Calculating product cost
– Advance cash budgeting

Who Should attend

– Junior Finance & Admin Staff
– Bookkeepers
– Accounts Clerk / Assistant
– Business Owner or Entrepreneurs
– Accounting Students

Participants are expected to have basic financial literacy.

BND350/Pax