Budgetary control and financial analysis - A tool towards performance management - Kuching (21-Sep-2026)

HRD Corp Claimable Course (T&C applies*)
Download flyer and registration form - 27 August 2026
Download flyer and registration form - 21 September 2026 

Accounting, costing and finance cannot function as effective management performance tools without budgetary control, variance analysis and both horizontal and vertical analysis of monthly financial statements. While budgeting and forecasting provide a roadmap for achieving an organisations strategic plan, understanding key performance measures and assessing how close the organisation is to achieving its planned results are critical to success. Effective budgetary control, financial ratio analysis and cash sufficiency evaluation provide meaningful inputs for improving performance plans and assessing the organisations performance and direction.

This workshop will equip learners with the practical knowledge and skills to apply budgetary control, variance analysis, financial ratio analysis and cash sufficiency evaluation to monitor performance, support decision-making and achieve organisational objectives.

Key topics covered:

Plan to Plan Preparation Process

• Budget assumptions:
  - Financial Parameters
  - Economic assumptions
  - Organisational objective for the budgeted year
• Key result indicators
• Economic & market environmental factors/scan
• Hands on exercise on environmental factors scan

Planning Preparation process

• Operational budget
  - Detail sales budget
  - Sales collection budget
  - Production budget
  - Material budget consumption and purchase requirements and closing stocks.
  - Payment requirement budget
  - Manpower and overheads/expense budget
  - Production cost, cost of sales and closing stock budget
  - Functional budgets
• Financial or master budget
  - Profit and loss
  - Cash flow
  - Balance sheet

Budgetary control/variance analysis fundamentals

• Basic sales analysis volume and price
• Advance sales analysis value mix and volume mix
• Material, labor, overhead
  - Material (volume, price, mix and yield)
  - Labor (hours, rate and idle)
  - Direct overhead Spending and efficiency
  - Indirect overheads and operating expenses efficiency 

Financial statement analysis - Horizontal, vertical, common size:

• Profitability and return on assets
• Liquidity
• Efficiencies cash turnaround days and working capital financing days
• Stability
• Cash generation and sufficiency analysis

Presenter:

Tan Kok Tee

Tan Kok Tee has 40 years of working experience in accounts and financial, strategic and general management field. He has held a variety of leadership and senior management roles in various organisations, starting in the accounts and finance department until CFO level and the last being Group Chief Executive Officer. Kok Tee has been involved in advisory, training and facilitation on an ad-hoc basis from 2009-2013, and full time from 2014 to now. To-date he had conducted about 400 training workshops throughout Malaysia on topics on GST; SST; Practical accounting for accounting staffs; Reading, analysing and interpreting financial statement; Accounting and finance for non-accounting managers; Customers credit evaluations and Collection strategies and so much more.