Practical Budgeting

Quorum Training Ltd.
London, United Kingdom

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

Course Description:

'' Avoid common budgeting pitfalls and get the skills you need to prepare and manage a budget with this hands-on course. Participants leave the course able to

Contribute effectively to the budgeting process in their organisations
Proactively manage their budget, thereby improving cost control and allocation of financial resources in their organisation
Understand budgeting jargon and interpret financial information
Useful course notes, including case studies, checklists and summaries, will help you apply what you have learnt back in the workplace. This course assumes no prior knowledge of budgeting or finance and is suitable for first time budget holders or experienced budget holders who would like a refresher.

Programme

WHY BUDGETS ARE PREPARED

Benefits of budgeting
Common pitfalls in the budgeting process and how to avoid them
HOW BUDGETS ARE PREPARED

Budgeting techniques ¨C incremental budgeting, zero based budgeting
How to prepare different types of budget - revenue, cost, capital, cash
Practical tips for preparing an effective budget
Phasing/ profiling the annual budget
Getting buy-in to the budget
The budget presentation - what you need to be able to answer
WHAT BUDGET STATEMENTS TELL YOU

Interpreting the jargon - opex, capex, accruals, fixed costs, variable costs
Relevant ratios explained - margin, contribution, ROCE
HOW TO MANAGE THE BUDGET

What to look for when you get your monthly accounts
Predicting expenditure
Investigating differences from budget
Avoiding overspend and getting back on track
Forecasting
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Banking Relationships
Treasury Management
Derivatives
Technical Analysis for Treasury Management
Treasury Controls and Security
Business Strategy Workshop
Banking and Finance
Finance for Non-Finance Managers
Interpreting Accounts
Interpreting IFRS Accounts
Accounting for Fixed Assets
Accounting Principles for Banking and Treasury Staff
Trade and Export Finance
Credit Control Workshop
Debt Recovery Workshop
National Insurance Contributions
Payroll Workshop
Cash Management
Foreign Exchange Risk Management

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