Financial Budgeting, Reporting and Taxation Course

No Date Location Register
1 09 - 11 Sep 2020 Bandung Register
2 02 - 04 Dec 2020 Malang Register


The budgeting and taxation training course will help demystify the world of budgeting and taxation and provide participants with the techniques and confidence to manage and control their budget and taxation effectively.

Financial terms and budgeting tools will be explained in a way that a non financial manager will understand and relate to in their own line of work. The trainer will use “real life” examples and case studies and encourage participants to work in small groups, working interactively and enjoy the subject.

This course is to dispense knowledge to non-finance and tax professionals in order to build their core tax knowledge by simplifying the complexity of tax. This is achieved by providing attendees with not only the theoretically knowledge of the various regulations applied in Indonesia, but a practical understanding of their implications to their organization.


  • Understand concept of budget implementation and analysis
  • Understand how to create budget, review, and manage budget
  • Understand the management control system
  • Understanding relation planning process and budgeting
  • Understand budget operation
  • Understand financial budget
  • Understand control process using budgeting
  • Understand of Tax regulation
  • Understanding of the important of tax management
  • Apply tax management and tax calculation
  • Understand problem solving of Tax issue


Introduction Budget & Control

  • The key elements of budgeting: objectives, initiatives and resources
  • Aligning the budget with the strategy of the organization
  • Budget as a planning tool
  • The Master Budget and the Budgeting Cycle
  • Forecasting techniques

Function and Correlation Budget and Controlling

  • Understanding the objectives of budgeting
  • Aligning budgets with:
    • Organization's purpose, strategy and goals
    • Goals and expectations - identifying current and short term goals

Basic Concept of Budget Planning

  • The advantages of budgeting
  • The budget process
  • Planning Cycle
  • The master budget
  • Operating and capital budgets
  • The budgeted financial statements
  • Tools of forecasting

Approach and Method of Budgeting

  • Incremental budgeting
  • Zero based budgeting
  • Flexible budgeting
  • Activity based budgeting


Budgeting Preparation

  • Preparing the Operating Budget:
    • Organization for Budget PreparationBudget TimetableSetting Planning Guidelines
  • Preparing the Sales Budget:
    • Initial Preparation of Other Budget ComponentsNegotiationCoordination and ReviewFinal ApprovalRevisions
  • Capital Expenditure Budget and Analysis
  • General approach: Return on Investment
  • Estimating the Variables
  • Time value of money; Simple versus compound interest; Identifying and analyzing cash flows; The discount rate: using cost of capital
  • Net Present Value (NPV); Internal Rate of Return (IRR); Pay-Back Period (PBP); Approval for Expenditure (AFE)


Relating the Budgets to the Balance Sheet and the P & L

  • The Stakeholders
  • The Balance Sheet and P & L
  • Introducing Key Financial Ratios


Cost Control

  • Budget as a control tool
  • The control process
  • Characteristics of an effective control system
  • Responsibility reporting
  • Variance analysis: identifying the components of variance
  • Variance analysis: taking the corrective action


Reporting and Evaluation

  • Control Reports
  • Standard Cost, Variable Costing Systems, Quality Costs, and Joint Costs
  • Production Cost Variances
  • Analyzing Other Variances


Understanding of Tax Regulation

  • General Provision of Tax (KUP)
  • Income Tax and the Tax Rates
  • Definition of Income Tax:
  • Article 4(2); Article 21; Article 23; Article 25; Article 26; Article 29; Corporate Income Tax; Misc Aspects

Value Added Tax (VAT)

  • Definition of Value Added Tax
  • VAT Output
  • VAT Input
  • Special VAT Rates
  • Misc Aspects

The Important of Tax Management

  • Tax Planning
  • Tax Control
  • Tax Audit Ready

Tax Problem Solving

  • Tax Diagnostic Review
  • Tax Business Process Improvement

Practice, Case Study and many Exercises