Managing Budgets
Starting dates and places
This product does not have fixed starting dates and/or places.
Description
Overview
Financial information drives all major business decisions. Understanding basic finance is an essential skill for any manager running a cost centre or budgeted project team.
This programme is a blend of highly interactive training exercises and expert teaching. It delivers and embeds the key skills and knowledge needed to manage budgets. The workshop includes an introduction to key financial terminology and a combination of short exercises that have been designed to develop confidence as well as understanding with regards to budgetary control and finance.
Who will the course benefit?
This course is suitable for anyone who is managing a budget or a cost centre, or feels that they wou…
Frequently asked questions
There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.
Overview
Financial information drives all major business decisions.
Understanding basic finance is an essential skill for any manager
running a cost centre or budgeted project team.
This programme is a blend of highly interactive training exercises
and expert teaching. It delivers and embeds the key skills and
knowledge needed to manage budgets. The workshop includes an
introduction to key financial terminology and a combination of
short exercises that have been designed to develop confidence as
well as understanding with regards to budgetary control and
finance.
Who will the course benefit?
This course is suitable for anyone who is managing a budget or a cost centre, or feels that they would benefit from a greater understanding of finance.
By the end of the course you will be able to:
- identify the benefits and importance of understanding budgets within your organisation
- understand financial terminology or jargon
- be aware of the true costs of a project, team or department
- recognise how organisations measure financial performance
- use management accounting techniques such as costing, cash flow and budgeting, to forecast performance, support decision making and manage budgets.
What will the course cover
- Role of financial control.
- Capital and cash cycles.
- True costs.
- Cost to income ratios.
- Cash flow forecasting.
- Net benefit analysis and risk.
- Justifying spend.
- Financial glossary.
Related training courses
- Commercial Awareness
- Finance for Non-Financial Managers
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Do you have experience with this course? Submit your review and help other people make the right choice. As a thank you for your effort we will donate £1.- to Stichting Edukans.There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.