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Managing Budgets Effectively

Overview / who should attend and why?

Budgeting is an essential part of managing a business and this course explains why. 

Targeted at both managers and staff who wish to learn more about budgeting, to get the most out of their budgets, whether it be during the preparation, review or end use.

Course Objectives

• To enable you to eradicate errors when compiling budgets
• Avoid financial difficulties
• Present budgets with confidence and accuracy
• Analyse anomalies so that corrective action can be taken

Course Content

The need to plan
• Basic concepts explained
• Budgeting as part of the business plan
• The budgeting process
• Structuring the budgets
• The key budgetary statements
• Compiling the budgets – avoiding the pitfalls
• Using the ‘Zero-based’ approach
• Interaction between the statements
• Reviewing the budgets
• Using Variance Analysis
• Identifying corrective action
• Flexing the budget
• Updating the budget – alternative approaches
• Presenting the budget
• Action planning

Costs / Duration and Location

• The cost of this training course is £475 + VAT 
• The duration is one day 9:00 till 16:00
• Various dates and locations, see course calendar or contact us for further information