Budgeting For Managers
Accounting, Finance & Budgeting
INTRODUCTION
Tough economic times challenge managers to be good leaders. This is especially true when it comes to dealing with financial issues. Economic pressures can cause indecision and poor decisions when it comes to budgeting. Unfortunately many managers have not had sufficient training to meet the challenge of developing effective budgets even in good times.
Effective budgets are vital for the good management of any organisation. As strong financial management is critical for organisational success, it is crucial that anyone involved in the budget creation and/or budget management process is well trained in practical techniques for doing so. Budgets are used for decision making, cash flow planning and operational judgements as well as forming part of the business planning process and so play a central role in the running of any organisation.
This program teaches the participant how making budgeting a compelling, interesting tool. Useful techniques for evaluating the present costs and budget, identifying organizational inputs & outputs, preparing for problems, and attaining monetary objectives will be learned by participants.
OBJECTIVES
The benefit of the Budgeting For Managers Course will be the following:
Recognize the concepts, strategies and practices applied to each business
Identify just how budgeting techniques, principles, practices and techniques apply
Assess the use of the budget forms
A greater understanding of budgeting principles
An understanding of forecasting techniques
An understanding of basic product costing
WHO SHOULD ATTEND ?
This Budgeting For Managers Course Ideal for:
All managers and management employees and their assistants who are involved in the budgeting process.
All who needs to set and manage budgets but don't have the expertise or specific training in this area of finance.
COURSE OUTLINE
Day 1
Introduction
Assess organization existing spending budget, manager s funds, spending budget forms, and pre-budgeting activity
Recognize natural issues in the process of budgeting
Day 2
Evaluate just how budget plans enable the presence of inherent issues
Recognize the must components of preparing a budget
Evaluate your finances plans
Day 3
Identify as well as determine an organization s outputs
Determine what settings those outputs
Verify t kinds of the organizational inputs
Intergrate the inputs especially to your organization
Day 4
Identification of costs & cost drivers
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Preparation for uncertainty
Realizing assumptions as vital tools to overcome uncertainty
Determine uncontrollable internal factors and outside environmental factors
Provide individuals with resources to properly communicate problems and opportunities in meaningful terms to employers, subordinates, and peers
Day 5
Recognize the sources of budget numbers
Specify the crucial questions that should be answered prior to revenue forecasting
Recall the concepts of proper cost budgeting
Verify the various kinds of capital expenditures
Formulate procedure for getting budget approval
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
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DOCUMENTATION
LONDON
Oxford Street Offices: London - Oxford Street
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
25 N Row, London W1K 6DJ
T: +44 (0) 20 80 900 464
CERTIFICATES
West London Office: 47 49 Park Royal Road
London NW10 7LQ
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
T: +44 (0) 20 80 900 464
E: info@lpcentre.com
DUBAI Business Bay - Marasi Drive
Churchill Tower commercial 1, Office 107
T: +971 4 421 4616
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
KUALA LUMPUR
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
T: +60 19-305 5694
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
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