Effective Budgeting & Beyond
Course
In London
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Different dates available
"With careful and detailed planning, one can win; with careless and less detailed planning, one cannot win. How much more certain is defeat if one does not plan at all!" So said Sun Tzu in "The Art of War" written in 400BC and his advice is as relevant today as it was then.
Success in any organisation depends on being able to develop and implement effective plans to achieve the organisation's objectives. Although some see budgeting as a burden, the most successful organisations use the budget process to produce powerful plans to keep them on track to deliver their goals and vision.
This course will provide you with an up to date guide to effective budgeting.
This course is also offered as inhouse. STL may go to your premises or you can visit our venue in London.
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About this course
Learn how to tie strategy to effective annual budgets
Get practical tips to improve budgeting in your organisation
Identify critical success factors for your organisation
Understand how winning organisations harness the power of Balanced Scorecard
Develop Key Performance Indicators that will help you to deliver results
Any manager responsible for delivering organisational objectives and targets; managers in charge of developing frameworks for improving public or private sector performance; all managers responsible for preparing and controlling departmental budgets.
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This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 7 years
Subjects
- Budgeting
- Planning
- Planning framework
- Budgeting essentials
- Practical budgeting
- Budget manual
- Sales Budget
- Overhead budgets
- Cash budgeting
- Budget implementation
- Beyond budgeting
- Balanced Scorecard
- KPI's
Course programme
Budgeting's place in the planning framework
Creating and articulating the organisation’s vision and objectives
Organisational stakeholders and balancing their objectives
The planning horizon
A framework for strategic planning
Tools for strategic analysis
Understanding and managing risk
Budgeting essentials
Linking budgets to strategic objectives
Identifying tactical objectives
Identifying constraints and the limiting budget factor
Assigning responsibility for budget objectives
Making sure objectives are integrated
People and budgets; using budgets to motivate
Practical budgeting
The budget manual
The sales budget
Overhead budgets
Capital expenditure budgeting
Cash budgeting
Preparing the master budget
Business seasonality, trends and budget phasing
Budget implementation
Monitoring financial and other data
Design of budget reports
Four golden rules for good feedback reporting
Alternatives to traditional budgeting
Zero-based budgeting
Activity based budgeting
Criticisms of conventional budgeting
Beyond budgeting
Handelsbanken case study
Using rolling forecasts instead of static budgets
Identifying key business drivers
Business modelling with Excel
Implementing rolling forecasts
Balanced Scorecard and KPI's
The four perspectives of the Balance Scorecard
The 'three step' approach to developing Balanced Scorecard
Identifying critical success factors
Using Balanced Scorecard to develop Key Performance Indicators
Aligning the KPI's with long term strategy
Practical implementation of a Balanced Scorecard
Real life examples of successful implementation
Additional information
Effective Budgeting & Beyond