Managing Budgets Training Course

Managing Budgets Training Course
How to create and manage budgets for the non financial people

Open course option – Financial Awareness

A TWO DAY PROGRAMME

This course is for those with a responsibility to manage budgets effectively who are not financial people. The course will give delegates a better understanding of the commercial considerations that effect budgets. The material has been specifically developed with the specific aim of making the learning process enjoyable and effective. The numerous jargon used in finance is unraveled along with accounting conventions and formats. Practical exercises will develop delegate’s confidence and knowledge. Each person will leave the course with a clear understanding of how to go about constructing and managing a budget.

Programme Contents

•The Challenges of Managing Budgets
• The Cash Flow Cycle
- Working Capital – How It Is Used
- Cash Flow and Profits
• How Costs are Quantified
- Absorption Costing
- Marginal Costing
- Standard Costing
• Understanding the Statutory Accounts
- The Profit and Loss Account
- The Balance Sheet
- Cash Flow Statement
- Accounting Conventions
• Management Accounts
- The Vital Management Tool
- Cash Flow Forecasts
• Analysing Accounts
- Using Ratios to Analyse Performance
- Making Inter-firm Comparisons
- Using Data to Make Decisions
• The Evaluation of Financial Risk
- Discounted Cash Flow
• Forecasting and Budgets
- What Forecasts do We Need
- How to Make Better Forecasts
- Using Forecasts to Decide the Budget
- Zero Based Budgeting
• Managing the Budget
• Pricing

Make an in company enquiry

Course Directory