Budgeting, Reporting and Decision Making for Non-Financial Managers

1 Day
London 13th Dec 2021
9th Dec 2021

Course Overview

This budgeting, reporting and decision making course is designed for all levels of non-finance managers, from the new starters to the experienced manager, looking for hints and tips to hone existing skills. The modern business environment is fast paced and built around numbers, demanding that people are able to analyse situations, make sound decisions and report concisely and accurately. Many managers face the need to work and re-work forecasts and budgets regularly, meaning that they need to be efficient and sure footed in this area. The emphasis of this one day course is on pragmatic tools and techniques to enhance budgeting, reporting and decision making abilities, to ease the workload.

This course suits

Any non-finance manager, supervisor or professional who is responsible for forecasting, budgeting, controlling, reporting and making decisions with a finance oriented aspect.  Each manager will benefit from discovering or refreshing skills that are vital in today’s working environment. With the challenges of operating in turbulent business environments, making the right decisions has never been more important.

Timetable

Introduction

09:30

09:45

Coffee and course objectives

Finance First Principles

09:45

11:00

The rationale for financial control, financial v management accounts, operating v capital expenses, the Balance Sheet, the Profit and Loss Account, the Cash Flow Statement, key financial rations and key finance terminology

Break 1

11:00

11:15

 

Decision Making

11:15

12:30

Decision trade-offs, different types of problems, the SCAR framework for dealing with problems, empirical evidence, data based investigation, quantitative and qualitative data, inductive and deductive logic, Expected Monetary Value, chain linked problems and calculating opportunity cost

Lunch

12:30

13:30

 

Forecasting and Budgeting

13:30

14:45

Expert judgment, quantitative forecasting, straight line forecasting, moving average forecasts, capacity forecasting, range forecasting and budgeting

Break 2

14:45

15:00

 

Controlling and Reporting

15:00

16:30

The Plan-Do-Check-Act cycle, the art of controlling, typical planning and control tasks, key considerations in planning and control systems, interactions with supply and demand, resource loading, types of report, full v exceptional reporting and summary reporting


 

Benefits

  • Explain the difference between financial and management accounts
  • Recognise the key financial reports and key financial terms/ratios
  • Describe how to produce forecasts and  budgets
  • Discuss how to control performance and produce reports
  • Assess and apply different methods of decision making
Live Virtual Training
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9th Dec 2021
Full Day
£280.00
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12th Jan 2022
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11th Feb 2022
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16th Mar 2022
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14th Apr 2022
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23rd May 2022
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15th Jun 2022
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13th Jul 2022
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11th Aug 2022
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15th Sep 2022
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12th Oct 2022
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15th Nov 2022
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8th Dec 2022
Full Day
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...or create a training session that suits you using one of the options below.
Private Virtual Training
1-2 delegates £325.00
Each additional £35.00
1-2-1 Virtual Training
Per session£300.00
U-Choose Virtual Training
Per delegate£280.00
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13th Dec 2021
London
£480.00
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18th Jan 2022
Bristol (Clifton)
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9th Feb 2022
London
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Edinburgh
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21st Mar 2022
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28th Apr 2022
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11th May 2022
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23rd May 2022
London
£480.00
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15th Jun 2022
Birmingham
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View 11 more available dates
6th Jul 2022
Edinburgh
£480.00
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13th Jul 2022
London
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11th Aug 2022
Bristol (Clifton)
£480.00
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15th Aug 2022
Leeds
£480.00
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14th Sep 2022
Nottingham
£480.00
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12th Oct 2022
Manchester
£480.00
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12th Oct 2022
London
£480.00
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7th Nov 2022
Leeds
£480.00
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14th Nov 2022
Edinburgh
£480.00
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24th Nov 2022
Bristol (Clifton)
£480.00
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12th Dec 2022
London
£480.00
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...or create a training session that suits you using one of the options below.
Inhouse Training
1-5 delegates £1,200.00
6-10 delegates £1,650.00
Each additional £100.00
1-2-1 Training
Per session£600.00
U-Choose Training
Per delegate£480.00
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