Managing Budgets 1 Day Course

Overview

If you’re responsible for setting budgets and planning spend, this practical one-day Managing Budgets course will teach you everything you need to know to get started. Budgeting effectively and managing your cash flow can have a huge impact on your business. We’ll help you understand key financial terms and processes, with techniques you can start using straight away.

Objectives

With an easy to understand, hands-on approach to budgeting, this one-day training course will cover the following topics:

  • Getting to grips with budgeting principles
  • Understanding the basics of costing products
  • Learning to forecast with greater accuracy

Agenda

We’ll take you through the absolute essentials of budgeting, starting with unpicking all the financial jargon, so you’ll leave with a deeper understanding of financial terms and greater confidence in controlling budgets, including:

  • Why budgeting is so important for your business
  • Building your business strategy
  • How to create, implement and monitor your budget
  • Accurate product costing
  • Understanding overhead allocation
  • Forecasting income and expenditure
  • Techniques for forecasting
  • The factors that influence our decisions
  • Tackling ratio analysis
  • An overview of management accounts and financial reports, from balance sheets and cash flow to profit and loss

Duration

1 day

Assessment

There’s no formal assessment for this course. However, you’ll receive a Certificate of Attendance for your records.

Who Should Attend?

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FAQs
  • Will lunch be Included?

    The joining instructions will indicate if lunch is provided for the duration of your course.  Should you need to know prior to booking please contact one of our team who will be happy to advise.

  • When will I receive my Course Joining Instructions?

    Course joining instructions are sent 7 to 10 days prior to course commencement.  If you book within this time frame they are emailed within 24 hours of the booking being placed.

  • What time does my course start?

    Start and finish times are confirmed on your joining instructions which are issued 7 to 10 days prior to course commencement.  Failure to arrive at the requested time may result in the delegate being turned away.