Successful Budgeting

Course Description

Budgeting is an essential part of managing your business and this course explains why. It will enable you to eradicate errors when compiling budgets and thereby avoid financial difficulties. You will learn to present budgets with confidence and accuracy and analyse variances so that corrective action can be taken.

Learning Objectives

By the end of the course, delegates will have a good understanding of

• the need to plan

• basic concepts explained

• budgeting as part of the business plan

• the budgeting process

• structuring the budget

• compiling the budget - avoiding the pitfalls

• using the zero-based approach

• the interaction between the statements

• reviewing the budgets

• using variance analysis

• identifying corrective action

• flexing the budget

• presenting the budget

Target Audience

An introductory course for staff and managers new to the preparation, review and use of budgets. This course is suitable for those with basic to moderate financial knowledge.

Duration

1 day for up to 12 participants