CATEGORY:  ACCOUNTING AND FINANCE

Budgeting - A Practical Guide

Who should attend

Many of us have managed to wade further than we should have into the financial swamp. How well we'll be able to find our way back out to dry ground will depend on our knowing just where we are in the first place. And that takes us right to the "B" word.  This course is aimed at those who are already in, or are planning on moving into, a role where a greater understanding of the budgeting process is needed.

What will I learn

Budgeting is perhaps one of the most time-consuming activities undertaken by team leaders and managers. It is imperative that they have a good understanding of how to carry out their budgeting and how it fits within the objectives of their organisation. Budgets are used throughout organisations as part of the planning and control process. This is a very practical course and participants will leave with increased confidence to understand what budgets are, how they are used and how to produce a budget.

This course follows a facilitator led workshop format, with a range of interactive activities, case studies, and models, along with group work, and individual workbook exercises.

Workshop Content

You will leave being able to understand:

• The role of budgeting in the context of the business planning process
• The main methods and types of budgeting
• The fundamentals of operational and cash budgets
• Forecasting techniques
• And to identify the problems of budgeting in practice

Productivity Improvements

On leaving this course you will be able to leave with increased confidence to understand what budgets are, how they are used and how to produce a budget.