Company Name: Peakford- The Training Company Telephone: Fax: Cell Phone: Email: achievepeakford.co.za Website:

Course Title:   Budgeting, Procurement & Asset Management

BUDGETING, PROCUREMENT ASSET MANAGEMENT PROGRAMME

INTRODUCTION

This programme is aimed at government and quasi government institutions managed under the PFMA or MFMA. This holistic programme looks at the key financial components of budgeting and how it must be done before procurement. The requirements of the PFMA are incorporated in the programme. Asset management is then covered. In all aspects best practice, world class comparative is applied

Credits:12

NQF Level :5

a) Managing Corporate Budgets Effectively

This course equips delegates with the skills and confidence to understand the concept of budgeting in an organisation. Delegates will learn how to present a proposed budget, monitor and control actual expenses and revenue against projected expenses and revenue. This course is highly empowering, informative and fun!

Course Objectives
By the end of this course you will be able to:

§                 Understand the concept of budgeting in a business unit.
§                 Analyse budget needs at a departmental level.
§                 Develop an understanding of the budgeting process.
§                 Work more productively with colleagues from the finance department.
§                 Prepare and monitor a budget.
§                 Utilise budgets for monitoring performance and identifying cost savings in your department.
§                 Appreciate the importance of reducing unnecessary departmental costs and working towards increased corporate profitability.

Demystifying the Concept of Budgeting

§                 Understanding the concept of a budget focusing on
§                 Income and expenditure
§                 Identifying items that make up gross revenue
§                 Listing expenditure with reference to cost of sales and cash outflows

Analysing Budget Needs

§                 Identifying budget needs against the business plan of your department or organisation
§                 Identifying the implications of budgeting needs with reference to management expenses and economic viability
§                 Utilising past budgets as a forecast tool
§                 Applying the concept of a zero based budget in order to prepare a budget proposal
§                 Preparing a budget breakdown taking into consideration planned activities and estimated costs
§                 Substantiating estimated costs to give an indication of how required figure was calculated
§                 Estimating time frames for income and expenditure
§                 Identifying constraints on a budget with reference to planned activities, available resources, market size and unpredictable changes

Preparing and Justifying a Proposed Budget

§                 Substantiating proposed activities against cost benefit returns
§                 Justifying proposed activites in terms of research, rational projections and previous experience

Monitoring Actual vs Projected Expenses and Revenue

§                 Ensuring budget items are recorded correctly
§                 Analysing a variance report and proposing corrective measures
§                 Providing feedback on the budgetary situation
§                 Projecting future activities and making changes to a current budget using past experience
§                 Proposing control systems to manage revenue and expenses

b) Procurement Management

The fundamentals of purchasing and world class procurement
Public sector supply chain management
Legal aspects in purchasing & supply management
Strategic sourcing and commodity management
Operations management for the procurement professional
Creating and managing tenders and supplier management in a world class procurement organisation
Finance for procurement professionals
Managing purchasing & supplier relationships
How to manage contracts and service level agreements throughout their lifecycle
Key project management skills for the procurement professional
Storage and distribution from a procurement perspective
Procurement time management
Critical negotiation skills designed for the procurement professional
Developing contracts in purchasing and supply
Effective negotiation in purchasing and supply
Leading & influencing in procurement environment

C) Asset Management

Asset Management: The legal framework

By the end of this section participants will be able to fully understand the legal environment that govern asset management in municipality .i.e. MFMA, Treasury regulations, municipal policies and procedures

Role of Funding and Budgeting
By the end of this section participants should be able to understand the role of funding and budgeting in asset management.

Asset Management life cycle

End the end of this section participants will be able to fully appreciate the life cycle of asset management

Methods for acquiring assets

By the end of this section participants should be able to distinguish the different methods available for acquiring assets.

Operations and Maintenance Plan
By the end of this section participants should be able to understand and compile an operations and maintenance plan.

Various Disposal Options
By the end of this section participants should be aware and have an understanding of the various disposal options.

Maintain an Asset Register
By the end of this section participants should be able to understand the rationale for the need to maintain an accurate asset register.

Asset, Acquisitions, Additions, Transfers, Depreciation and Disposals
By the end of this section participants should be able to account for existing asset, acquisitions, additions, transfers, disposals and depreciation of existing assets.

Asset Register
By the end of this section participants should be able to reconcile the asset register.

Risk analysis

By the end of the module participants will be able to identify, monitor and develop risk management strategies

Annual Financial Statements
By the end of this section participants should be able to disclose assets in the annual financial statements.

Immovable Assets
By the end of this section participants should be able to understand the definition of immovable assets.

Basic Control for Assets
By the end of this section participant should be able to gain an understanding of the basic control for assets

Course Title 2 Budgeting, Procurement & Asset Management Classification Business -> Budget Management Course Requirements None Price R6 000.00 Notes None

Course Information Location Gauteng - Woodmead Course Type Workshop Start Dates 18 - 20 May 2011 Length of Course 3 days Final Registration Date 13 May 2011

Contact Details Name Shaline Phone Email achievepeakford.co.za