1-day workshop EFFECTIVE BUDGETING for Business Results - Early Bird & Group Rates Available!

13 August 2019, Petaling Jaya

FREE NEWLY published book for all registrations received 2 weeks before event!!!

HURRY - register NOW.

FREE newly published book by Dominic Shum for all who register 2 weeks before workshop



A practical and informational seminar with a very experienced trainer in the field!

This program is suitable for Business Owners, Entrepreneurs and Managers who want to knowhow to implement the budgeting process or do budgeting for their businesses. Participants will learn many of the best practices used in budgeting and get practical tips on how to do a budget effectively and improve your business results.

Learning Objectives

By the end of this program, participants will be able to:
  • Understand and be conversant the basic concepts in budgeting
  • Understand and be familiar with the budgeting process
  • Learn how to create a proper business budget
  • Understand the issues involved budgeting.
  • Learn how to create, implement and monitors budgets.
  • Understand the various ways to effectively monitor organizational performance.
  • Contents

    Essentials of Budgeting
  • Aligning Budgets with Goals and Objectives
  • Purpose of budgeting
  • Budgeting Concepts and Processes
  • Budget organization
  • Who are stakeholders of an organization? What do they look for
  • Best practices and Challenges
  • Type of Budgets
  • Best Practices for Budgeting
  • Different approaches to budgeting
  • How to get the most out of budgeting
  • Issues in Budgeting
  • Monitoring Budgets & Measuring Performance
  • Monitoring Budgets using performance measurements
  • Budgeted Financial statements
  • Dashboard and other technology based tools
  • Forecasting techniques and tools
  • Variance Analysis
  • Practical issues and Challenges (options)
  • Budgeting for Receivables & Inventories
  • “What If” analysis and scenario testing
  • Cash flow planning and budgeting for payables
  • Cash management strategies to reduce cash cycle and enhance cash preservation
  • FACILITATOR –Dominic Shum

    Dominic has more than 20 years of senior management experiences in strategic planning, budgeting, financial management, general management and consulting. He is the principal consultant and trainer of DRC Services. He graduated from the prestigious National University of Singapore with a Bachelor of Business Administration degree and he holds an MBA in Entrepreneurial Management from the Australian Institute of Business. He is a Fellow Member (retired) of the Institute of Leadership and Management (UK), currently a Fellow Member of the Institute of Public Accountants of Australia (IPA), a Fellow Member of the Institute of Financial Accountants UK, a Certified member of the Asian Association of Certified Consultants, a Certified Member of the Malaysian Association of Company Secretaries, and Life Member & EXCO member of the Malaysian Economic Association. He has held leadership positions as well as strategic positions in local and multinational companies having served as Financial Controller, Board member, Strategy Manager, Regional Business Planning Manager, Corporate Affairs Director, Group Finance Manager and other positions. He utilizes his expertise in management and finance to train managers and executives as well as imparting his knowledge to students of MBA and EMBA classes. He is on the Industrial Advisory Panel of Berjaya University College of Hospitality and he occasionally writes for business blogs, books and professional journal. He has just published an internationally available book “Effective Budgeting for Businesses Today”.

    Workshop Details

    Date: 13 Aug 2019 (PJ)
    Time: 9.30 AM-5.30 PM
    Venue: (Venue subjected to change)

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