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Budgeting for non financial managers


Itec training solutions Ltd

Summary

Price
£706 - £785 inc VAT
Study method
Online + live classes
Duration
1 day · Full-time
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

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Overview

Our London based budget management course is for everyone struggling to put together and manage a budget. The course takes a practical, hands on and straightforward approach to budget making and will give invaluable tools and techniques to help you develop and control your budget.

Want us to deliver this course at your organisation? Contact us for a bespoke quote.

Certificates

Certificate of completion

Digital certificate - Included

Description

Budget Management Skills Courses in London

This is finance training that focuses on your budget and budgeting skills. The Budgeting for non-financial managers course looks at the elements of a budget, what to understand before you start to plan the budget, different ways of assembling a budget and how to avoid the common pitfalls. We will look at the tools used to manage a budget and help you to understand the paperwork produced and used in your own organisation.

The course covers:

  • the definition and purpose of a budget
  • common pitfalls in the budgeting process and how to avoid them
  • budgeting techniques - incremental budgeting, zero based budgeting
  • how to prepare different types of budget - revenue, cost, capital, cash
  • practical tips for preparing an effective budget
  • phasing/profiling the annual budget
  • getting buy-in to the budget
  • the budget presentation: what you need to be able to answer
  • how to manage the budget
  • what to look for when you get your monthly management accounts
  • predicting expenditure
  • investigating differences from the budget
  • avoiding overspend and getting back on track
  • a year of free support

This budget management course takes place at the Centre's central London training suite with easy access to mainline rail, tube and bus routes.

Who is this course for?

Our Budgeting for non-financial managers training is for anyone who needs to set and manage budgets but don't have the expertise or specific training in this area of finance. For anyone without a finance background who wants to learn about budgets in plain English, then this is the course for you.

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.