CREATING AND MANAGING BUDGETS COURSE
Who is this course for?
Today, the role of managing budgets falls to departments and individuals throughout organisations. It is no longer the sole responsibility of the Accounts or Finance teams. That’s why we’ve devised this budgeting course to benefit anyone who has any involvement in either creating and/or managing a budget, whether this is now or in the future.
Whether you are new to budgets or have years of experience of creating and managing them, our budgeting course will improve your understanding, and provide budgeting guidance and tools to help with whatever role you hold.
Effective budgets are vital for the good financial management of any organisation. 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 and operational judgements as well as forming part of the business planning process and so play a central role in the running of any organisation.
Our budgeting course will provide the participants with hands-on tools and techniques that they can apply to their own budgets. As with all of our financial 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 within their own roles.
We understand that there may be very different roles within your business that require budgeting training. This is why we are happy to tailor our course to your organisation’s own budgeting processes and requirements as well as the specific objectives of your employees. We can also incorporate other aspects of finance not mentioned below – please contact us to discuss your requirements.
- Why do budgets? The importance of effective budgeting and its use across the organisation.
- Demystifying the terminology behind creating and managing budgets.
- The budget cycle: understanding where budgets fit into your company’s overall plans.
- The four budgeting techniques: what are they, how do I use them 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 techniques for doing so.
- Managing a budget: what are the budget holder responsibilities?
- Variance analysis and dealing with over spends and under spends.
- Cost management: cost behaviours and cost drivers – using these to make the best decisions.
- The implications of a budget on the cash flow of an organisation and why this is important.
- The differences between a budget and a forecast and how to create a successful forecast.
Practical examples ensured that all delegates were involved in the learning process.
Use of real life internal examples was very helpful. Will make loan decisions easier.
I am getting more involved with the financial elements of projects and this has given me far more confidence in that respect. The trainer was very open and approachable.
The practical nature of this course was extremely helpful and incredibly well focused to our needs, engaging me from beginning to end.
Excellent – I’m amazed by how much I’ve learnt about the accounts and how they can be used in decision making.
Collaborative, engaging, informative, team driven, extremely valuable and a great link between finance and operations.
I now have a better understanding of the impact of setting a business strategy.
The course raised my awareness significantly and provided me with the tools to evaluate the financial strength of our suppliers and clients.
The Trainers understand our business and needs so well that it is like they are part of our team rather than external Trainers.
I have a much better understanding of Greene King’s finances.
ASK A TRAINER
You’ll never speak to a sales person – get in touch directly with one of our trainers for a no-obligation chat about your team’s learning requirements.
Not sure what training you need yet? We help organisations like yours identify where your employees might need development.