BUDGETING AND RISK MANAGEMENT
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INTRODUCTION
The world of business is full with risks. The desired outcome of a manager’s decisions can not always be guaranteed. There always will be some financial risks involved in a decision. The level of success or failure of a decision can vary. The financial consequence of a failure can be small (and will not affect seriously to the firm’s operations) but it can also be so huge that it causes serious problems to the decision-maker or the company. It is therefore important to deal with the risks properly when making a decision.
When a successful employee is promoted to become a manager, one of the managerial skills he/she has to master is budget planning and control. A manager should plan his/her activities in a meaningful format expressed in monetary units so that it can be used as a control and evaluation tool on the section of his responsibility. Activities that bear some risks in their outcomes require unique budget planning and control. |
BENEFITS
- Understand financial risks
- Learn how to read financial reports
- Know how to plan and control your budget
- Understand the decision making process
- Know to assess risks and how to minimize them
- Understand the different types of costs
- Learn how to evaluate the economics of a project
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SASARAN PESERTA
- Senior Corporate Secretary dan Corporate Secretary
- Investor Relations dalam Divisi Corporate Secretary
- Staf Divisi Corporate Secretary
- Financial Public Relations dalam Divisi Corporate Secretary
- Corporate Planner dalam Divisi Corporate Secretary
- Strategists dalam Divisi Corporate Secretary
- Profesi lainnya yang ingin memperdalam Corporate Secretary dan investor relations
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COURSE OUTLINE
Day 1
- Understanding Financial Reports:
- Analysis of Financial Reports:
- Classification of Costs
- Working Capital Management
- Investment Criteria and Economic Indicators
- Operational Budget and Comprehensive Budget
- Financial Analysis Tools
- Risks and Uncertainties
- Review on Probability Concept
- Review on Statistics
- Types of Risks
- Decision Tree Techniques
- Monte Carlo Simulation Technique
- Risk Taker and Risk Averse
- Utility Functions and Preference Curve Decision Making under Uncertainties
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WHO SHOULD ATTEND
- Finance Manager
- Line Manager
- Branch Manager
- Accounting Manager
- Division Head
- Section Head
- Controller , Auditors and Inspectors
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Pendaftran Paling Lambat 29 Oktober 2010
Informasi Pendaftaran Hubungi
Riza, Winda & Reny
Telp. (021) 781 5858, 781 9844 Fax. (021) 7883 8781
Email: info@intipesan.co.id atau pesan@intipesan.co.id
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