Managing Budgets 1 Day Course

Overview

If you’re responsible for setting budgets and planning spend, this practical one-day Managing Budgets course will teach you everything you need to know to get started. Budgeting effectively and managing your cash flow can have a huge impact on your business. We’ll help you understand key financial terms and processes, with techniques you can start using straight away.

Objectives

With an easy to understand, hands-on approach to budgeting, this one-day training course will cover the following topics:

• Getting to grips with budgeting principles
• Understanding the basics of costing products
• Learning to forecast with greater accuracy

Agenda

We’ll take you through the absolute essentials of budgeting, starting with unpicking all the financial jargon, so you’ll leave with a deeper understanding of financial terms and greater confidence in controlling budgets, including:

• Why budgeting is so important for your business
• Building your business strategy
• How to create, implement and monitor your budget
• Accurate product costing
• Understanding overhead allocation
• Forecasting income and expenditure
• Techniques for forecasting
• The factors that influence our decisions
• Tackling ratio analysis
• An overview of management accounts and financial reports, from balance sheets and cash flow to profit and loss

Assessment

There’s no formal assessment for this course. However, you’ll receive a Certificate of Attendance for your records.

Who Should Attend?