Managing Budgets
Training Description
This managing budgets course suits anybody that has a need to understand the basic premise of budgeting. Too frequently in business we ignore the value of our staff being aware of budgeting and its impact on a business.
This Managing Budgets course is available throughout the UK.
CPD Value 5.5 Hours
CPD = Continuous Professional Development (All PTP courses are approved for CPD by the Law Society and meet the standards expected of all professional bodies).
Delegates who attended this Managing Budgets course said:
Training was very well delivered. Lack of background knowledge accommodated. - Tina Wingfield, British Heritage.
I think it was pitched perfectly, relaxed and informative, just right. - Jill Henderson-Varlin, Eurostar UK Ltd
Very positive and simply explained. Finance in plain English. - P Toker, Addaction
Very helpful - a lot of financial jargon explained. - Colleen Pratt, Addaction
Enjoyable & informative - feel much more confident about managing my budget - thank-you. - V Lockwood, Addaction
Presentation was great. There was flexibility and specific focus within the presentation. - Steve Burgess, Akzo Nobel Chemicals Ltd
A very helpful and practical course - thank you! - Mary Ogbeide, AoC Management Services Ltd
Brilliant training consultant, really engaging and delivered at the right pace. Really knowledgeable of her field - GREAT DAY - Thank you! - Chanelle Smith, Association of Colleges
The Course Suits
Anybody that has a need to understand the basic premise of budgeting.
Training Benefits
- Greater understanding of budgeting principles
- An understanding of forecasting techniques
- An understanding of basic product costing
Course Timetable
09:30 - 10:00 Coffee & Course Objectives
10:00 - 10:30 Glossary of Terms (A look at the jargon that surrounds finance and what it means in real terms)
10:30 - 11:15 The 6 Main Aims of Budgeting (Why is it important for a business to plan, implement and control budgets? Looking at Business Strategy)
11:15 -11:30 Coffee Break
11:30 - 12:15 Product Costing (Looking at examples of Product Costing and how to establish the ideal Selling Price)
12:15 - 13:00 Overhead Allocation (including an understanding of the decision to \'make\' or \'buy\')
13:00 - 14:00 Lunch
14:00 - 14:30 How we forecast Income and Expenditure and what can impact on the plan
14:30 - 15:00 Forecasting Techniques (A brief look into the types of techniques available and what might influence management decisions)
15:00 - 15:15 Ratio Analysis (A look at what financial information may be available at a glance)
15:15 - 16:30 Management Accounting Package (An introduction to the Profit and Loss accounts, Balance Sheet and Cash Flow Financial Reports. This is the way in which we discover whether what was expected has actually occurred)
16:30 Summary & Action Plans Agreed
© PTP/540
Managing Budgets training course available to book:
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