Successful Budgeting

Successful Budgeting Successful Budgeting Overview Organisations frequently delegate responsibility for budget preparation and control to line managers who have had no training to prepare them for the responsibility of effectively managing a key resource.

Who is it for?

Any manager about to have budgetary responsibility or requiring effective budget management.

What you will learn:          

Understand the basic principles of budget preparation and control What are the barriers to successful budgeting? Considering what stops us from being effective at budgeting Good reasons for budgeting – benefits to the organisation of the delegated budget The basic principles of budgeting: income and expenditure, capital and cash, approaches to budgeting and different types of budgets Preparing forecast profit and loss, balance sheet and cash flow to understand where we want to be Cost behaviour and its relevance to budget setting and control – knowing the sensitivity of your costs to variations in output will help you understand what is happening to your figures Budget setting exercise – a practical exercise in setting a departmental budget with realistic constraints Budgeting for profit The budget cycle – how it all comes together Planning and preparation for budgeting – what it takes to be effective in your preparation

Benefits of attending – You will be able to:   

Understand the 7 steps to successful budgeting – a guide to the key areas to master to help your successfor your organization Recognise importance of effective preparation in establishing realistic budgets Identify the need to monitor and take effective control of the action and learning of tracking expenditure and variances

Duration: 1 day Ref: BLPFC

To book onto this course, or to find out further information, please call 0800 022 3410. All bookings subject to the Capita Terms and Conditions. © Capita Learning & Development