Successful Budgeting
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Improve financial control by compiling accurate budgets with confidence
Who is it for
Those people, both managers and staff, who wish to get the most out of budgets, whether it be during preparation, review or end use
What is it about
Budgeting is an essential part of managing your business and this course explains why. It will enable you to eradicate errors when compiling budgets and thereby avoid financial difficulties; present budgets with confidence and accuracy and analyse variances so that corrective action can be taken
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Further Details
Course Overview
The need to plan
Basic concepts explained
Budgeting as part of the business plan
The budgeting process
Structuring the budgets
The key budgetary statements
Compiling the budgets avoiding the pitfalls
Using the Zero-based approach
Interaction between the statements
Reviewing the budgets
Using Variance Analysis
Identifying corrective action
Flexing the budget
Updating the budget alternative approaches
Presenting the budget
Action planning
What do I get out of it?
More effective handling of your annual budget cycle
Identification of the key drivers behind sales, costs and margins
Steps needed to compile a budget for your department or organisation
Tools to analyse variances and identify corrective actions
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
