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Budgets, Cashflow Forecasting and Management Accounts

Developed by an Industry Expert | Lifetime Access | FREE Career Guidelines Included | Free PDF Certificate


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Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
2.6 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

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Overview

This course is designed to provide learners with a comprehensive understanding of budgeting, cashflow forecasting and management accounting. The course is ideal for professionals who are involved in financial management and decision making or those who want to improve their financial skills and knowledge.

Throughout the course, learners will gain a deep understanding of how budgets are created and managed, and how cashflow forecasting can be used to better manage financial resources. They will also learn how to create and use management accounts to analyze business performance and make informed financial decisions.

The course is divided into several sections, each covering an important aspect of financial management. The first section covers the basics of budgeting and provides an overview of the budgeting process. The second section focuses on cashflow forecasting and teaches learners how to create and use cashflow statements to better manage their finances.

The third section of the course is dedicated to management accounts. Learners will gain a deep understanding of the various types of management accounts and how they can be used to analyze business performance and make informed financial decisions. They will also learn how to create and use various financial ratios to assess financial health and identify areas for improvement.

Throughout the course, learners will have access to practical exercises and case studies to apply their learning and reinforce their understanding. They will also have the opportunity to ask questions and interact with other learners through the course's discussion forums.

By the end of this course, learners will have gained a solid understanding of budgeting, cashflow forecasting and management accounting, and will be able to apply their learning to make informed financial decisions that positively impact their business or organisation.



***You will also get these GIFTs with this course

  • Free Career Guidelines
  • Free PDF Certificate
  • Lifetime Course Access

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Curriculum

1
section
14
lectures
2h 37m
total
    • 1: 1 BCFMA Intro 09:43
    • 2: 2 BCFMA All about budgeting 15:37
    • 3: 3 BCFMA Example template 11:43
    • 4: 4 BCFMA Preparing and presenting a budget 14:49
    • 5: 5 BCFMA Project Budgets 12:51
    • 6: 6 BCFMA Project Budget Template 06:51
    • 7: 7 BCFMA Direct Fixed Variable Costs 11:54
    • 8: 8 BCFMA Cashflow Forecast Overview 13:34
    • 9: 9 BCFMA Cashflow Forecast Doing it 06:08
    • 10: 10 BCFMA Cashflow - input expenses 10:53
    • 11: 11 BCFMA Cashflow - adding up the net cash flow 08:52
    • 12: 12 BCFMA Management Accounts 15:39
    • 13: 13 BCFMA ABV example 12:03
    • 14: 14 BCFMA CONCLUSION 05:53

Course media

Description

Students taking the "Budgets, Cashflow Forecasting and Management Accounts" course will learn a wide range of skills and knowledge related to financial management. Specifically, they will learn:

  • The fundamentals of budgeting, including how budgets are created, managed and monitored.
  • How to create and use cashflow statements to better manage financial resources and forecast future cashflows.
  • The different types of management accounts and how they can be used to analyze business performance and make informed financial decisions.
  • How to create and use financial ratios to assess financial health and identify areas for improvement.
  • Practical skills for financial management, including how to prepare budgets, cashflow forecasts and management accounts.
  • The importance of financial management in business decision making.
  • Strategies for improving financial performance and mitigating financial risk.
  • How to communicate financial information effectively to stakeholders, including senior management, shareholders and investors.

Throughout the course, students will have the opportunity to apply their learning to practical exercises and case studies, and interact with other learners through the course's discussion forums. By the end of the course, students will have gained a solid understanding of financial management and will be able to make informed financial decisions that positively impact their business or organization.


Why Choose this Course?

  • Conducted by industry experts
  • Get Instant E-certificate
  • Fully online, interactive video course
  • Developed by qualified professionals
  • Self-paced learning and laptop, tablet, and smartphone-friendly
  • 24/7 Tutor Support

Who is this course for?

The "Budgets, Cashflow Forecasting and Management Accounts" course is ideal for anyone who wants to develop their financial management skills, whether they are new to financial management or have some prior experience. This course is particularly relevant for:

  • Professionals involved in financial management and decision-making, such as financial analysts, accountants, finance managers, and business owners.
  • Entrepreneurs and small business owners who want to better understand how to manage their finances and make informed financial decisions.
  • Students who are studying business, finance or accounting and want to develop practical financial management skills.
  • Anyone interested in improving their personal financial management skills.

The course is designed to be accessible and easy to understand, with no prior financial knowledge required. It covers fundamental financial concepts and gradually builds up to more complex topics. Students of all levels and backgrounds can benefit from this course.

Requirements

No previous knowledge of Budgets, Cashflow Forecasting and Management are required to continue this course.

Career path

The "Budgets, Cashflow Forecasting and Management Accounts" course provides learners with valuable financial management skills that can be applied to a variety of industries and roles. Here are some potential career paths for those who complete this course:

  • Financial Analyst
  • Accountant
  • Finance Manager
  • Business Owner
  • Financial Advisor
  • Consultant

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.