Finance & Accountancy - Budgeting Basics

Venue: Broomfield Hall
Hours: 7.00
Cost (£): 350.00

Course Overview

This course is designed to help budget holders plan and manage their budgets efficiently to aid the smooth running of their organisation.

Course Content

• What budgets are and why they are needed
• Understanding your role within the budgeting process
• Understanding different budget types
• Putting together a simple budget
• Considering assumptions to incorporate within a budget
• Understanding direct, indirect, fixed and variable costs
• Allocating overheads
• Forecasting
• Flexing the budget
 
Benefits for the individual
 
• Greater confidence in creating, managing and communicating budgets
• Understanding different sources of information
 
Benefits for the organisation 
 
• Improved competence in financial management, especially for those staff who are relatively new to budgeting
• Effective financial forecasting for more informed decision-making
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