Managing Budgets 1 Day Course

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, and the course helps you understand key financial terms and processes, with techniques you can start using straight away.

This course pairs naturally with the Finance for Non-Finance Managers 1 Day Course, since both cover core financial principles from a non-specialist perspective, with this course going deeper specifically into budgeting and forecasting. Anyone whose role also involves chasing payments and managing cash flow from the collections side may find the Credit Control 1 Day Course a useful companion, since both courses focus on keeping business finances healthy from different angles.

There's no formal assessment for this course, but delegates receive a Certificate of Attendance for their records.

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

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

This course takes 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

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