Budgeting, Reporting and Decision Making for Non-Financial Managers

1 Day
London 20th May 2024
31st May 2024

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
In-Person Training
Live Virtual Training
Book your place on one of our scheduled courses...
20th May 2024
London
£480.00
21st May 2024
Leeds
£480.00
12th Jun 2024
Birmingham
£480.00
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18th Jun 2024
Leeds
£480.00
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3rd Jul 2024
Edinburgh
£480.00
Places
9th Jul 2024
Leeds
£480.00
Places
10th Jul 2024
London
£480.00
Places
8th Aug 2024
Bristol (Clifton)
£480.00
Places
12th Aug 2024
Leeds
£480.00
Places
11th Sep 2024
Nottingham
£480.00
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View 7 more available dates
17th Sep 2024
Leeds
£480.00
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9th Oct 2024
Manchester
£480.00
Places
9th Oct 2024
London
£480.00
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4th Nov 2024
Leeds
£480.00
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11th Nov 2024
Edinburgh
£480.00
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21st Nov 2024
Bristol (Clifton)
£480.00
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9th Dec 2024
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 Executive Coaching
½ day on-site£750.00
1 day on-site£1,250.00
U-Choose Training
Per delegate£480.00
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Places
Book your place on one of our online courses...
31st May 2024
Free Virtual 30-Minute Taster (09:15-09.45)
FREE
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12th Jun 2024
Full Day
£280.00
Places
10th Jul 2024
Full Day
£280.00
Places
8th Aug 2024
Full Day
£280.00
Places
12th Sep 2024
Full Day
£280.00
Places
9th Oct 2024
Full Day
£280.00
Places
12th Nov 2024
Full Day
£280.00
Places
5th Dec 2024
Full Day
£280.00
Places
...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 Executive Coaching
½ day 1-2-1 virtually£600.00
1 day 1-2-1 virtually£950.00
U-Choose Virtual Training
Per delegate£280.00
Places
Duration