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Managing Budgets Masterclass


Practical Training for Professionals

Summary

Price
£576 inc VAT
Study method
Classroom
Duration
Part-time
Qualification
No formal qualification
CPD
6 CPD hours / points
Additional info
  • Tutor is available to students

16 students enquired about this course

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Location & dates

Location
Address
Somerset House
Temple Street
BIRMINGHAM
West Midlands
B25DP
United Kingdom
Address
EEF Venues
Clifton Down
Bristol
Avon
BS83NB
United Kingdom
Address
Cheadle House
Cheadle Royal Business Park
Cheadle
Cheshire
SK83FS
United Kingdom
Address
&Meetings
150 Minories
City of London
London
EC3N1LS
United Kingdom

Overview

Managing Budgets - Overview

This managing budgets course suits anybody that has a need to understand the basic premise of budgeting. Too frequently in business we ignore the value of our staff being aware of budgeting and its impact on a business.

This Managing Budgets course is available throughout the UK.

CPD Value 5.5 Hours

Course Locations

Managing Budgets London
Managing Budgets Manchester
Managing Budgets Nottingham
Managing Budgets Birmingham
Managing Budgets Bristol
Managing Budgets Edinburgh
Managing Budgets Leeds

CPD

6 CPD hours / points
Accredited by Centre of CPD Excellence

Description

Managing Budgets - Timetable

09:30 - 10:00 Coffee & Course Objectives

10:00 - 10:30 Glossary of Terms (A look at the jargon that surrounds finance and what it means in real terms)

10:30 - 11:15 The 6 Main Aims of Budgeting (Why is it important for a business to plan, implement and control budgets? Looking at Business Strategy)

11:15 -11:30 Coffee Break

11:30 - 12:15 Product Costing (Looking at examples of Product Costing and how to establish the ideal Selling Price)

12:15 - 13:00 Overhead Allocation (including an understanding of the decision to \'make\' or \'buy\')

13:00 - 14:00 Lunch

14:00 - 14:30 How we forecast Income and Expenditure and what can impact on the plan

14:30 - 15:00 Forecasting Techniques (A brief look into the types of techniques available and what might influence management decisions)

15:00 - 15:15 Ratio Analysis (A look at what financial information may be available at a glance)

15:15 - 16:30 Management Accounting Package (An introduction to the Profit and Loss accounts, Balance Sheet and Cash Flow Financial Reports. This is the way in which we discover whether what was expected has actually occurred)

16:30 Summary & Action Plans Agreed

Managing Budgets - Benefits

  • Greater understanding of budgeting principles
  • An understanding of forecasting techniques
  • An understanding of basic product costing

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