Creating and Managing Budgets

Level
Total time

Creating and Managing Budgets

Finance Support Training & Consultancy
Logo Finance Support Training & Consultancy

Need more information? Get more details on the site of the provider.

Starting dates and places

This product does not have fixed starting dates and/or places.

Description

Overview: Effective budgets are vital for good financial management of any organisation and as strong financial management is critical for organisational success, it is crucial that anyone involved in the budget creation and/or budget management process is well trained in practical techniques for doing so. Budgets are used for decision making, cash flow planning, operational judgements as well as forming part of the business planning process and so play a central role in the running of any organisation.

This course will provide the participants with hands-on tools and techniques that they can apply to their own budgets and as for all of our courses, they will be asked to complete a personal…

Read the complete description

Frequently asked questions

There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.

Didn't find what you were looking for? See also: .

Overview: Effective budgets are vital for good financial management of any organisation and as strong financial management is critical for organisational success, it is crucial that anyone involved in the budget creation and/or budget management process is well trained in practical techniques for doing so. Budgets are used for decision making, cash flow planning, operational judgements as well as forming part of the business planning process and so play a central role in the running of any organisation.

This course will provide the participants with hands-on tools and techniques that they can apply to their own budgets and as for all of our courses, they will be asked to complete a personal action plan at the end of it to ensure that they have considered how to put the ideas from the training into practice.

Course Content:

  • Why do budgets? The importance of effective budgeting and its use across the organisation
  • The budget cycle: understanding where budgets fit into the overall plans
  • Three methods of budgeting: what are they and which is best?
  • Budget risk: what poses a risk to a budget, how to measure the risk and how to deal with it
  • Identifying costs for a budget: practical technique for doing so
  • Managing a budget: what are the budget holder responsibilities?
  • Variance analysis and dealing with over spends and under spends
  • Cost management: use of cost drivers as a method of controlling costs whilst continuing to achieve objectives
  • The different types of cost and their behaviours
  • The implications of a budget on the cash flow of an organisation
  • The differences between a budget and a forecast and how to create a successful forecast
  • Financial terminology

Who is it for? This course will benefit anyone who is currently involved creating and/or managing a budget. It will also be useful to anyone who will be doing so in the near future. This course can benefit people who have been creating and/or managing budgets for years just as much as those who are new to it.

Duration: 1 day

Tailoring the course: Whilst we are more than happy to provide you with a generic course, we find that tailoring our courses to the particular needs of the course participants and to your own organisation provides the best results by far.

Any of our courses can be tailored to your specific organisation and incorporate your terminology, processes, reports, etc. We find that this really helps the course participants to see the relevance of the course content and assists them with understanding areas of finance that could potentially appear complex as we are using language and examples that they are familiar with and can easily relate to.

There are no reviews yet.

    Share your review

    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.