Advanced Budgeting

Go beyond the basics of financial management to analyse in more detail what drives sales and costs.
Build a budget model which makes sense for your organisation, and reflects your patterns of activity.
Manage people’s behaviour to achieve performance, ensuring teams are motivated, and budgets are appropriately communicated.
Look at various techniques including balanced scorecard, sensitivity analysis, and some sector-specific models.

Course Outline:
- Modelling your organisation’s activity
- Identifying cost drivers
- Techniques for predicting sales and income
- Networking to improve your budget’s realism
- Floor and stretch targets
- Bonus and incentive schemes
- Splitting up performance into managed segments
- Cost allocation techniques
- Rolling out an organisational budget
- Using spreadsheets and software
- Balanced scorecard
- Sensitivity analysis
- Matching the budgetary system to your kind of business