Budgeting, Reporting and Decision Making for Non-Financial Managers
Course
In Bristol, Birmingham, Edinburgh and 3 other venues
Description
-
Type
Course
-
Level
Intermediate
-
Location
-
Duration
1 Day
-
Start date
January
other dates
This budgeting, reporting and decision making course is designed for all levels of non-finance managers, from the new starters to the experienced manager, looking for hints and tips to hone existing skills. The modern business environment is fast paced and built around numbers, demanding that people are able to analyse situations, make sound decisions and report concisely and accurately. Many managers face the need to work and re-work forecasts and budgets regularly, meaning that they need to be efficient and sure footed in this area. The emphasis of this one day course is on pragmatic tools and techniques to enhance budgeting, reporting and decision making abilities, to ease the workload.
Facilities
Location
Start date
Start date
Start date
Start date
Start date
Start date
Start date
About this course
Budgeting, Reporting and Decision Making for Non-Financial Managers - Benefits
Explain the difference between financial and management accounts
Recognise the key financial reports and key financial terms/ratios
Describe how to produce forecasts and budgets
Discuss how to control performance and produce reports
Assess and apply different methods of decision making
Any non-finance manager, supervisor or professional who is responsible for forecasting, budgeting, controlling, reporting and making decisions with a finance oriented aspect. Each manager will benefit from discovering or refreshing skills that are vital in today’s working environment. With the challenges of operating in turbulent business environments, making the right decisions has never been more important.
Reviews
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 13 years
Subjects
- Finance
- Forecasting
- Decision Making
- Financial Risk
- Budgeting
- Forecasts
- Financial Managers
- Financial
- Financial Training
- Financial Reports
- Financial Terms
- Financial acts
Course programme
Introduction
09:30 - 09:45
Coffee and course objectives
Finance First Principles
09:45 - 11:00
The rationale for financial control, financial v management accounts, operating v capital expenses, the Balance Sheet, the Profit and Loss Account, the Cash Flow Statement, key financial rations and key finance terminology
Break 1
11:00 -11:15
Decision Making
11:15 - 12:30
Decision trade-offs, different types of problems, the SCAR framework for dealing with problems, empirical evidence, data based investigation, quantitative and qualitative data, inductive and deductive logic, Expected Monetary Value, chain linked problems and calculating opportunity cost
Lunch
12:30 - 13:30
Forecasting and Budgeting
13:30 - 14:45
Expert judgment, quantitative forecasting, straight line forecasting, moving average forecasts, capacity forecasting, range forecasting and budgeting
Break 2
14:45 - 15:00
Controlling and Reporting
15:00 - 16:30
The Plan-Do-Check-Act cycle, the art of controlling, typical planning and control tasks, key considerations in planning and control systems, interactions with supply and demand, resource loading, types of report, full v exceptional reporting and summary reporting
Budgeting, Reporting and Decision Making for Non-Financial Managers