Budgeting is the process of preparing future operating plans for a specific period in quantifiable terms.  All managers are expected to do budgeting, but oftentimes,  they dread this process  and don’t do it properly.

This course let you appreciate the importance of proper budgeting  and gives you the necessary knowledge to draw up various operating and financial budgets for your organization.

  • Explain the importance of budgeting.
  • Identify various operating and financial budgets.
  • Able to make effective sales forecasts.
  • Able to prepare the sales, production, materials, purchases, overheads, cash budgets.
  • Able to prepare a budgeted income statement to forecast profits.
  • Apply variance analysis to control business performance.
  1. Introduction to budgeting and budgets
    • What is a budget? What is budgeting?
    • Uses and benefits of budgeting
    • Operating budgets and financial budgets
  2. Operating budgets
    • Sales budget
    • Production budget
    • Materials budget
    • Purchases budget
    • Overheads / Expenses budget
  3. Financial budgets
    • Budgeted income statement
    • Cash budget
  4. Variance analysis
    • Cost variances
    • Sales variances
    • Budgetary control

Post Training Quiz and Completion of Action Plan.


1 full day (8 hours)

Course Fee

Vietnamese: $600 to $800  per group
English: $800 to $1000 per group


From our experiences in working with SPECTRA in developing our human resources capabilities, we have been satisfied with the trainers’ professionalism and skills, the quality of the training materials and administrative support that SPECTRA provides.

Pham Tri Tuyet

HR Supervisor Canon Vietnam

We are very pleased with the quality of the training. The content of the training program was well-developed and highly relevant to our managers. The entire program was effectively delivered through engaging, fun and meaningful training methods that enhanced participants’ skills and knowledge.

Santi Sanguansat

Vice President - Aquaculture Business, CP Group

Throughout the years of experience in cooperating with SPECTRA, in developing our people, SPECTRA has proven to be a reliable training partner. Trainers of SPECTRA are knowledgeable and experienced. Furthermore, we have also been satisfied with the quality of training need analysis, customized training materials, administrative support and post-training evaluations that they have provided us with

Keichi Murakami

Executive General Manager - Isuzu Vietnam

The training class was fun and meaningful and has enriched all the participants with more knowledge

Richard KH Chua

Chief Executive Officer - Ben Thanh Management Services Co Ltd