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Short Course: Finance And Banking

Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Sorry,the application deadline for this course has expired.

Course Title: Activity - Based Budgeting in the Public Sector

Venue: Mbabane, Swaziland  
Learning Duration:  2 weeks 
Starting: 20 Mar 2017  Ending: 31 Mar 2017
Fees: 1500 USD
Payment Details: to cover tuition and training materials only.

The major advantage of Activity-Based Budgeting (ABB) lies in the association of costs with activities and the outputs generated by those activities through the application of cost drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and quality of production, which makes planning more precise and budget adjustments more meaningful. Other benefits include; improving accuracy in resource needs identification and allocation of cost responsibilities to staff. These advantages place activity-based budgeting well above the traditional budgeting methods such as incremental and line-item approaches normally applied by governments. Efforts have been made to introduce activity based budgeting in most ministries, departments and agencies (MDAs), but its implementation is lacking. This could be blamed on the lack of continuous comprehensive training, which the proper implementation of the system requires. This course is designed to bridge this gap.

WHO SHOULD ATTEND?

Cost Accountants, Budget Analysts, Financial Managers, Operations Managers, Senior Executives, ABC Managers, performance improvement teams.

HOW PARTICIPANTS WILL BENEFIT

At the end of the course participants will be able to:

  • Explain the role of Activity Based Costing in supporting an Activity Based Budget;
  • Create proper performance metrics to build & support an Activity Based Budget;
  • Create an Activity Based Budgeting (ABB) system;
  • Apply variance analysis as a management tool to analyse performance to

organizational targets and goals;

  • Address the challenges of implementing activity-based budgets in public institutions.

TOPICS INCLUDE

  • The ABC Model;
  • Implementing the ABB system;
  • Budget management and control;
  • Costs and Costing Systems.

Course No:  2017-03-20-3-9-1838

PROGRAMME ANNOUNCEMENTS

BUSINESS SCHOOL NEW INTAKE DATES FOR 2017

8 Feb 2017
The following are the 2017 intake dates for the Business School DBA/PhD COMMENCEMENT DATES S...
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