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Effective Budgeting

Nobleprog Limited

Training

In City Of London ()

Price on request

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Description

  • Type

    Training

  • Class hours

    16h

By the end of this course you should be able to: Manage budgets within your department, division, cost or profit centre. Develop an understanding of the budgeting process. Work more productively with colleagues from the finance department. Prepare and monitor a budget. Appreciate the importance of reducing unnecessary departmental costs and working towards increased corporate profitability. Handle your annual budget cycle more effectively. Identify the key drivers behind sales, costs and margins.  . Suitable for:

About this course

This course covers the key principles of effective budgeting and takes delegates through the process of preparing, monitoring and reporting on budgets. The course is suitable for budget holders, cost centre managers, and those wishing to acquire fundamental principles or refresh ideas and approaches.

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Subjects

  • Budgeting
  • Forecasts
  • Cash Flow
  • Balance Sheet
  • Benefits
  • Banking
  • Finance
  • Business Plan
  • Capital Investment
  • Sales Training

Course programme

Introductionh3>

What is a budget?p>

The need to plan p>

Basic concepts explained p>

Budgeting as part of the business plan p>

Overview of the budgeting processp>

Benefits of budgetingp>

Limitations and problems of budgetingp>


p>

Budget Typesh3>

Capital, revenue and cashp>

How do these relate to the basics of a balance sheet, profit & loss account and cash flow statements p>

Concept of accruals p>


p>

The Cash Budget h3>

What are they and why are they needed. p>

Preparing a cash budgetp>


p>

Budget Preparationh3>

The budgeting processp>

Structuring the budgets p>

The key budgetary statements p>

Constructing forecasts p>

Assumptions and limiting factors p>

Sensitivity analysis p>

Break-even analysis p>

Nature and behaviour of costs p>

Apportioning overheadsp>

Using the ‘Zero-based’ approachp>

Incremental budgetingp>

Rolling budgetp>

Reviewing the budgets p>


p>

Using the Budgets to Controlh3>

Variance analysis and its importancep>

Identifying corrective action p>

Flexible and static budgetsp>

Updating the budget – alternative approachesp>


p>

Presenting and Reporting on the Budget h3>

Giving clear information p>

Presenting the main variables p>

Getting agreement p>

Putting it clearly onto paper p>

Preparing a reportp>

Providing the information to make decisionsp>

See related categories

Effective Budgeting

Price on request

The best Other Accounting courses

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See all