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 www.lpcentre.com

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.

www.lpcentre.com