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.

Course Overview

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.

Course Content

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.
The course raised my awareness significantly and provided me with the tools to evaluate the financial strength of our suppliers and clients.
Pre-Construction DirectorJohn Sisk & Son

LEARN MORE

Learn more about how we can improve your team’s commercial acumen.
Call 01763 837 069 or email enquiries@completefinancialtraining.co.uk