We invite you and your colleagues in your company to attend this training program. Do not hesitate to contact us for more information.
4 Day Program
Using Forecasting Appl
Melia Purosani Hotel – Yogyakarta, October 20 - 23, 2008
Instructor: Dr. Wiwiek M.Daryanto, SE-Ak, MM, CMA
Ir. Heru Kustanto, MSi
Firms are established to manufacture products or to render services to meet consumers’ needs. They do these by utilizing resources (labor, materials, various services, buildings, and equipment). These resources need to be financed, or paid for. To work effectively, the people in a firm need information about the amounts of these resources, the means of financing them, and the results achieved t
Budgeting is the process of planning the activities of the organization’s responsibility centers for the next period, usually the next year. In most markets, total demand and company demand are not stable, and good forecasting becomes a key factor in company success. Poor forecasting can lead to overly large inventories, costly price market-downs, or lost
Companies commonly use a t
Forecasting is the art of anticipating what buyers are likely to do under a given set of conditions. This suggests that the buyers should be surveyed. Surveys are especially valuable if the buyers have clearly formulated intentions, will carry them out, and will describe them to interviewers.
Budget is a plan expressed in quantitative (monetary) terms covering a specified period of time, usually one year. Many companies refer to their annual budget as a profit plan, since it shows the planned activities that the company expects to undertake in its responsibility centers in order to obtain its profit goal. The budget serves as:
- An aid in making and coordinating short-range plans.
- A device for commun
- A way of motivating managers to achieve their responsibility centers’ goals.
- A benchmark for controlling ongoing activities.
- A basis for evaluating the performance of responsibility centers and their managers.
- A means of educating managers.
Management control’s purpose is to attain desired results. A budget is a statement of the results desired as of the time the budget was prepared. A carefully prepared budget is the best possible standard against which to compare actual performance. This is because it incorporate the estimated effect of all variables that were foreseen when the budget was being prepared.
A comparison of actual performance with budgeted performance provides a “red flag”; it directs attention to areas where action may be needed. An analysis of the variance between actual and budgeted results may (1) help identify a problem area that needs attention, (2) reveal an exploitable opportunity not predicted in the budgeting process, or (3) reveal that the original budget was unrealistic in some way.
- Understand the principles types of planning activities that are part of the management control process.
- Understand how to do
- Understand how to develop two main types of plans: (1) strategic (or long-range) plans, and (2) budgets, which are usually annual plans structured by responsibility centers.
- Learn how to evaluate company’s performance by using budget as a tool for controlling.
Understand the budget’s purposes as a device for making and coordinating plans, for commun
Who Should Attend
- Managers and supervisors in all areas.
- Uses of the Budget
- The Master Budget
The Operating Budget
- Flexible (Variable) Budgets
- Management by Ob
Preparing the Operating Budget
- Organization for Budget Preparation
- Budget Timetable
- Setting Planning Guidelines
- Preparing the Sales Budget
- Initial Preparation of Other Budget Components
- Coordination and Review
- Final Approval and Distribution
The Cash Budget
The Capital Expenditure Budget
- Follow Up
Reporting and Evaluation
- Control Reports
- Incentive Compensation
- Standard Cost, Variable Costing Systems, Quality Costs, and Joint Costs
- Production Cost Variances
- Analyzing Other Variances
Short-Run Alternative Choice Decisions
Longer-Run Decisions: Capital Budgeting
Your Course Leader
Dr.Wiwiek M.Daryanto, SE-Ak,MM,CMA is an expert in accounting and finance. She earned a degree in accounting from the
Ir. Heru Kustanto, MSi is a lecturer in Microeconomics, Macroeconomics, Mathemat
Rp 7,500.000,-- per participant. This will cover workshop fee, snack and lunch. Hotel accommodation and transport to the workshop venue are not included in this fee. For those who live outside of
Participants will receive
- Hard copy of presentation materials.
icate of Attendance
- CD: soft copy of presentation materials and simulation software
Contact us for more information: Our Address :
Phone : 021- 8661-3585; 021-8661-2052 Jl. Utama V/18, Pondok Bambu
FAX : 021- 861-6982 J a k a r t a 13430