Managing Budgets

Managing Budgets

Category:
Business/
business5
20 Students
Duration: 1 Day
Certificate on Completion

COURSE OVERVIEW

This programme is a blend of highly interactive training exercises and expert teaching. It delivers and embeds the key skills and knowledge needed to manage budgets. The workshop includes an introduction to key financial terminology and a combination of short exercises that have been designed to develop confidence as well as understanding with regards to budgetary control and finance.

Financial information drives all major business decisions. Understanding basic finance is an essential skill for any manager running a cost centre or budgeted project team.

Target Audience:

This course is suitable for anyone who is managing a budget or a cost centre, or feels that they would benefit from a greater understanding of finance.

COURSE CONTENT

  • Role of financial control.
  • Capital and cash cycles.
  • True costs.
  • Cost to income ratios.
  • Cash flow forecasting.
  • Net benefit analysis and risk.
  • Justifying spend.
  • Financial glossary.

LEARNING OUTCOME

At the end of this course you will be able to:

  • identify the benefits and importance of understanding budgets within your organisation
  • understand financial terminology or jargon
  • be aware of the true costs of a project, team or department
  • recognise how organisations measure financial performance
  • use management accounting techniques such as costing, cash flow and budgeting, to forecast performance, support decision making and manage budgets.

PREREQUISITES

No prerequisites are necessary.

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