All About Budgets - how they work and how to make the best of them

Submitted by paulrichmond on Sat, 06/13/2009 - 21:37.
Description: 

We have designed and delivered bespoke finance training packages to businesses from a range of industries including magazine publishing, national newspaper publishing, construction, legal, accounting, milk processing and television.

We always incorporate many exercises into our training deliveries to maximise engagement and ensure that the learning not only sticks but is also fun! 

Case Study
 
These bespoke programmes are designed around the target audience and their learning requirements. For example, a course was designed and delivered to help a business to implement a budgeting process where senior staff were being made responsible for cost budgets for their activities within the business. It was important for these managers not only to understand the budgeting process but more critically to be able to deepen their understanding of where costs are incurred and how costs can be controlled without impacting on quality of product.

 

Objectives: 
  • Consider the commercial realities facing the business and the need for a budgetary approach
  • Understand how to prepare budgets
  • •Understand the monthly budget reports used for control purposes
  • •Understand the importance of accurate and timely recording of actual costs including accruals and expenses
  • •Understand the need for investigation of the causes of variances and planned corrective actions
  • •Consider the degree of flexibility within the budgetary approach
  • •Tools that can be used to help with the budgetary approach
  • •Discussion of best practice ideas and tips to ensure that you stay within budget

 

Benefits: 
  • Buy in to the need for a budgeting process
  • Understanding how to prepare budgets
  • Understand how to make individuals responsible for achievement of budget targets
  • A better understanding of the business, its functions and processes
  • Reduced costs across your organisation
  • Achievement of profit targets
  • Understanding cash flow implications
  • Ability to communicate budget targets to subordinates
Who Should Attend?: 

Those who need to understand the need for and how to implement a budget setting process. Those who are responsible for achieving budget targets and motivating colleagues to achieve targets.

Call Simon Dawkins on 01892 610060

as he is a lovely guy and makes understanding finance a joy! Ask our clients!