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The Essentials of Budgeting
London Training For Excellence

Classroom based course with study materials, lecturer support and CPD Hours included

Summary

Price
£3,960 inc VAT
Study method
Online
Duration
5 days · Self-paced
Qualification
No formal qualification
Additional info
  • Tutor is available to students
2 students enquired about this course

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Overview

Like it or not, the budget is the yardstick that top management uses to measure your actual performance. And in today’s tight economy, the manager who knows budget planning and how to apply it effectively wins hands down over the one who doesn’t. So, if you’re a new manager who’s “just a little nervous” about budget planning…or an experienced one who wants to get a lot more out of the yearly chore…or if you just want to “hold your own” with financial managers, this seminar is for you.

Description

Understanding the Planning and Budgeting Cycle

  • Define Planning and Its Relationship to the Budgeting Process
  • Explain Why Companies Budget
  • Describe the Planning Cycle in a Typical Organization

Tying Strategic Planning to the Budgeting Process

  • Explain the Strategic Planning Process
  • Explain How Strategic Analysis Is Related to the Planning and Budgeting Process
  • Perform a Strategic Analysis of the Internal and External Environment

Understanding the Budget Preparation Process

  • Describe the Typical Flow of the Budgeting Cycle in an organization
  • Identify the Major Contents of the Annual Business Plan
  • Explain the Different Types of Budgets, Their Purpose, and Limitations
  • Explain the Relationship between Budgets and Forecasts
  • Identify Ways to Improve the Budgeting Process in Your Organization

How to Prepare an Operating Budget

  • Explain the Sequence of Steps in Preparing an Operating Budget
  • Prepare a Sales and Cost-of-Sales Budget
  • Calculate Labor Hours Available and Use This Figure to Plan Headcount
  • Calculate Budgeted Overhead Rates
  • Budget Labor, Materials, and Overhead Costs in Total and Per Unit

Measuring Performance against the Budget

  • Identify Significant Variances
  • Analyze Budget Variances
  • Describe the Characteristics of a Good Budget Reporting System
  • Determine When a Budget Should Be Revised during the Year

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

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.

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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.
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