Budgeting and Managing Budgets - Accredited

Accredited
Duration: 2 Days
Time: 8:30am-4:00pm

Budgets are critical to organisations as they strive to achieve their goals.  Whilst budgets are never 100% accurate, techniques can be applied that facilitate budgeting that is more accurate, and allows for defined review periods to keep budgets relevant

WHO SHOULD ATTEND

• People involved in preparation of a budget, or those who are involved in activities in the budget and need to understand the budgeting process
• Managers, Junior managers and aspirant managers
• Business owners

HOW YOU WILL BENEFIT

• Delegates will develop an understanding of the budgeting process as it cascades through the levels in the organisation, from high level strategy all the way down through the business units
• Budget activities will be aligned with strategic goals
• Various budgeting techniques will be understood and delegates will be able to apply these in the workplace
• Budget monitoring is applied and corrective action taken when business units go over budget

WHAT WILL BE COVERED

• The importance of budgeting
• Employing budgeting techniques
• The elements of the budget – Income and Expenditure, Capital requirements
• Fixed and variable costs
• Fixed, flexible, rolling, static, historical-based, zero-based, activity-based, bottom-up and top-down budgeting techniques
• Monitoring and controlling expenses against a budget
• Taking corrective actions and providing feedback