Leveraging Budgets: Preparation and Approaches

FROM 05 Oct 2024 TO 06 Oct 2024

Venue : Microsoft Teams @ 10:00 AM

The guest lecture on "Leveraging Budgets: Preparation and Approaches" provided insights into the significance of budgeting in financial management. The speaker discussed various types of budgets, including operating, capital, and cash flow budgets, along with preparation approaches such as top-down and bottom-up. Modern tools like ERP systems and techniques like Zero-Based Budgeting were highlighted for effective implementation. A case study demonstrated the importance of aligning budgets with strategic goals, while challenges such as forecasting inaccuracies were addressed with practical solutions. The session concluded with actionable tips on strategic alignment, flexibility, and stakeholder collaboration, offering valuable takeaways for participants.