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Managing Budgets

Course_Reference: 
PTP75
Manufacturer: 
0
Training_Provider: 
82
Summary: 

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.

Audience: 

Anybody that has a need to understand the basic premise of budgeting.

Objectives: 

  • Greater understanding of budgeting principles
  • An understanding of forecasting techniques
  • An understanding of basic product costing

  • Course Objectives

  • Glossary of Terms

(A look at the jargon that surrounds finance and what it means in real terms)

  • The 6 Main Aims of Budgeting

(Why is it important for a business to plan, implement and control budgets? Looking at Business Strategy)

  • Product Costing

(Looking at examples of Product Costing and how to establish the ideal 'Selling Price')

  • Overhead Allocation

(including an understanding of the decision to 'make' or 'buy')

  • How we forecast Income and Expenditure and what can impact on the plan

  • Forecasting Techniques

(A brief look into the types of techniques available and what might influence management decisions)

  • Ratio Analysis

(A look at what financial information may be available at a glance)

  • 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)

  • Summary & Action Plans Agreed

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.

Keywords: 
Managing Budgets,understand basic budgetting,be aware of a budgets impact,simple budgetting explained

Software Vendor

IT Technical

Business Skills