How to create and manage budgets for the non financial people

Duration Of Course - On Request

This course is one of our standard in-company programmes and can be delivered to your people at a venue and date of your choice. If it is not exactly what you want then we can either create a tailored course based on our extensive library of standard course materials or produce a fully bespoke training course for you. Please click  here to send email  or  call 043 722 2383 for details of course or length of course.

Course Overview:

This course is for those with a responsibility to manage budgets effectively but who are not financial people. The course will give delegates a better understanding of the commercial considerations that affect budgets. The material has been specifically developed to make the learning process enjoyable and effective. The jargon used in finance is unraveled along with accounting conventions and formats. Practical exercises will develop delegate's confidence and knowledge. Each person will leave the course with a clear understanding of how to go about constructing and managing a budget.

Programme Contents

• The Challenges of Managing Budgets
• The Cash Flow Cycle
• - Working Capital - How It Is Used
• - Cash Flow and Profits
• How Costs are Quantified
• - Absorption Costing
• - Marginal Costing
• - Standard Costing
• Understanding the Statutory Accounts
• - The Profit and Loss Account
• - The Balance Sheet
• - Cash Flow Statement
• - Accounting Conventions
• Management Accounts
• - The Vital Management Tool-
• Cash Flow Forecasts
• Analyzing Accounts
• - Using Ratios to Analyze Performance
• - Making Inter-firm Comparisons
• - Using Data to Make Decisions
• The Evaluation of Financial Risk
• - Discounted Cash Flow
• Forecasting and Budgets
• - What Forecasts do We Need
• - How to Make Better Forecasts
• - Using Forecasts to Decide the Budget
• - Zero Based Budgeting
• Managing the Budget
• Pricing

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