On-line training course catalogue
Managing Budgets
Type of course: Classroom
| Fee | £400 |
|---|---|
| Days | 1 |
| Course code | PDMB |
We currently do not have public dates scheduled for this course.
If you have a requirement for this course, please contact us for the latest course information.
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Overview
Managers need to be able to understand, create and manage budgets, whether for a specific project or for an annual budget.
This course enables participants to understand why budgets are important and where the budget fits into an organisation’s strategic plan. Emphasis will be placed on setting a zero budget, and the importance of planning, controlling and reviewing the budget to ensure it is a meaningful activity.
Seasonalising or profiling the expenditure will be considered and participants will have the opportunity to acquire and practice these budgeting skills.
Who will benefit?
Anyone who manages a budget or anyone who would like a greater understanding of budget management.
Delegates will learn how to
- understand why budgets are important
- use budgets as a management tool
- understand the forecasting and budgeting process
- present clear information and the main variables
- reconcile actual expenditure with budgeted expenditure
- identify cost saving opportunities
- provide information on which decisions can be made
- know the principles of the nature of costs, overheads and break-even analysis
- have produced a personal action plan for implementation back at the workplace
Course Outline
- Establish personal objectives for the course
- The essence of managing budgets
- The budgeting process
- Benefits of budgeting
- Budgeting techniques
- Measuring the performance of resources
- Fixed and variable costs
- Calculating the break even point
- Variance analysis
- Expenditure
- Cash flow projections
- Managing your accounts
- Completion of a personal action plan
Related courses
Link to this page: http://www.xpertise.co.uk/PDMB
Xpertise – Managing Budgets training courses
Xpertise provides Managing Budgets training courses from 7 UK locations: in Altrincham Manchester, Hinckley East Midlands, Leeds Yorkshire, London King William Street, Maidenhead Berkshire, Malmesbury Wiltshire and Washington Tyne & Wear – and at 44 partner locations nationwide.
Xpertise Training reserves the right to improve the specification and format of its courses for the benefit of its customers without notice to the customer.