Making Budgeting Work in the Real World
Course
Online
Description
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Type
Course
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Methodology
Online
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Class hours
4h
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Duration
Flexible
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Start date
Different dates available
Budgeting seems so simple in the textbooks. So why does it often fail in practice? Stuart Warner explains the barriers to effective budgeting and enables learners to create and manage more successful budgets. The author’s practical experience, coupled with many hours discussion the issues in the classroom, enables him to frame the key questions and open the debate about how to create an effective and efficient budgeting process.
Peer-enriched learning courses stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience. These courses are topical, practical and highly relevant to today’s changing market.
Each module is split into two activities: understanding the issues and putting it into practice. The first encourages learners to think about a topic, drawing on their own professional experience and knowledge. The second helps learners to put ideas and/or theories into practice as part of their day-to-day work.
Facilities
Location
Start date
Start date
About this course
Making Budgeting Work in the Real World enables the learner to:
-Choose the most appropriate budgeting method
-Devise ways to overcome weaknesses in their current budgeting system
-Consider ways of better communicating and presenting budgets to non-financial staff
-Meet the varying budget preparation needs of different departments
This course is designed to appeal to professionals, both in finance functions and other areas, who are looking for a practical course that enables them to apply budgeting theory and knowledge in their own organisation.
Reviews
Subjects
- Finance
- Decision Making
- Performance
- Evaluation
- Market
- Financial Training
- Forecasting
- Planning
- Financial
- Budgeting
- Budgetary control
- Budget
- Budgetary management
Teachers and trainers (1)
Financial Fluency
Online Learning
Course programme
Things aren’t what they seem
- Advice from the sages of budgeting
- The budgeting cycle
- Top down or bottom up?
- The link between planning and budgeting
- Organisational time and resource
Alternative budgeting systems
- Budgeting and/or forecasting
- Rolling versus fixed period budgeting
- Incremental versus ZBB
- Functional versus ABB
- Life cycle budgeting
Issues in setting budgets
- Approaches to forecasting budgets
- Using spreadsheets for budgeting
- Organisational culture
- Non-finance budget holders
- The participation debate
- The perennial negotiation battle
- Budgets as an evaluation and reward tool
Monitoring and presenting budgets
- A suitable management tool?
- A true measure of performance?
- When to budget?
- Vulnerable variances
- Presentation pitfalls
The future of budgeting
- Is traditional budgeting dead?
- Living with budgets
- Beyond budgetring. Part 1: Adaptive management
- Beyond budgeting. Part 2: Decentralised decision making
Making Budgeting Work in the Real World