One-Day Budgeting

Available for delivery as an in-company tailored program.

A course to steer a business through all types of economic climates.

This program outlines the essential concepts of budgeting in a practical and easy-to-understand manner. It will have immediate impact on those who attend.

World Class Training

When you last prepared your budget, the world seemed a kinder place. While business has always been competitive, there was a degree of predictability that’s been lost with the current economic climate.

There needs to be new plans formed, based on our forecasts and consummated in a new budget. This one day course in Budgeting Fundamentals will familiarise you with the basic concepts behind budgeting, forecasting and planning. You will learn the components of operating and financial budgets and how to approach the budgeting process. You will also learn about budgetary control.

The knowledge you will take out of this course will prove invaluable in ensuring your business is well-insulated to ride out the current financial crisis.

Learning Outcomes

• Understand the basic concepts of managing budgets, and how it relates to forecasting and planning.
• Become familiar with the components of operational budgets such as sales, production, cost of goods sold, expenses and income.
• Learn the components of financial budgets including capital expenditure, cash flow and budgeted balance sheets.
• Understand the differences between various approaches to budgeting such as fixed versus flexible, incremental and zero base budgeting.
• Learn to prepare a budget, including both the operational and financial components.
• Appreciate the need for budgetary control, concepts and process, as well as budgetary variance.

Who Will Benefit

Anyone with responsibility over finances either in their business or department, or staff who support these personnel.

Topics

• Basic concepts of budgeting
• Budgeting and forecasting
• Budgeting and management
• Budgeting and planning
• Budget procedures and budget administration
• Components of an operating budget
• Components of financial budget
• Various approaches to building budgets
• Preparation of operating budgets
• Preparation of financial budgets
• Basic concepts of budgetary control
• Process of budgetary control
• Budgetary variance
  
  

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