Budgeting

Capita Learning & Development
Birmingham, London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Organisations frequently delegate responsibility for budget preparation and control to line managers who have had no training to prepare them for this responsibility to effectively manage a key resource.

Learning objectives

Understand the basic principles of budget preparation and control
Be more confident in making informed financial decisions
Be able to communicate budgetary information more effectively
Recognise importance of effective preparation in establishing realistic budgets
Improve ability and confidence in preparing and controlling budgets.

Course content

What are the barriers to successful budgeting? - considering what stops us from being effective at budgeting
What is a budget? Where does it come from? Why do we do it?
Good reasons for budgeting - benefits to the organisation of the delegated budget
The basic principles of budgeting: income and expenditure, capital and cash, approaches to budgeting and different types of budgets
Preparing forecast profit and loss, balance sheet and cash flow to understand where we want to be
Focus on budgeting as part of the business plan - where does it fit?
Cost behavior and its relevance to budget setting and control - knowing the sensitivity of your costs to ariations in output will help you understand what is happening to your figures
Budgeting for profit
The budget cycle - how it all comes together
Planning and preparation for budgeting - what it takes to be effective in your preparation
The 7 steps to successful budgeting - a guide to the key areas to master to help your success
Budget setting exercise - a practical exercise in setting a departmental budget with realistic constraints
Tracking expenditure and variances - the need to monitor and take effective control action and learning for next time.
...''

Phone:0800 022 3414

School Address:

London Office:
17 - 19 Rochester Row, London SW1P 1LA

Birmingham Office:
Quadrant Court, 49 Calthorpe Road, Edgbaston, Birmingham B15 1TH


Jobs & Resumes: Birmingham, London
Houses & Roommates: Birmingham, London

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