This one day finance training course is for managers and directors who want to understand how to put together and manage a budget within the private, public and social enterprise sector. There is a separate course for not for profit organisations registered operating as a charity.
The course takes a practical hands on and straightforward approach to budget making and will provide you with invaluable tools and techniques to develop and control your budgets. The trainer is a qualified and experienced finance expert with a strong understanding of financial management systems and tools.
Contents :
This course covers:
? the definition and purpose of a financial plan and budget ? common pitfalls in the budgeting process and how to avoid them ? budgeting techniques- incremental budgeting, zero based budgeting ? Understanding costing and pricing model ? how to prepare different types of budget ? sales revenue, salaries, overhead cost, capital, cash flow, profit and loss and balance sheet ? practical tips for preparing an effective budget ? phasing/profiling the annual budget ? getting buy-in to the budget ? the budget presentation: what you need to be able to answer ? how to manage the budget using a structured management account ? what to look for when you get your monthly management accounts ? how to analyse variances and make better decisions ? investigating differences from the budget ? avoiding overspend and getting back on track
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