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Training & Exams

Managing a Budget.

About This Course

Course Code
MPDMAB

Course Type
Essentials

Vendor
Professional Development

Duration
1 Days

RRP
£736.00

Course Overview
Download

Overview

In a recent Ernst and Young Survey of 669 UK / European companies, 65% stated that the main business priority was ‘managing costs’; closely followed by 57% ‘improving financial controls’.

Managers today are increasingly expected to understand and manage the finances in their area and are often asked questions about what the impact would be if costs were cut by X%, sales increased by X%, or what the impact would be if core hours were extended. Every decision involves finance and to respond effectively whoever is responsible for the budget must understand the cost structure of the business area.

It's essential for any organisation to understand and control its expenditure and revenue, routinely monitoring this to deliver its strategy by achieving performance objectives.

To do this, organisations, departments and projects gather a range of information from internal and external sources and create budgets. They then monitor performance against the budget, understanding what’s happening and why, and making recommendations to correct unfavourable variances.

Common concerns we hear from people who attend this course include:

This Develop-level workshop will develop your knowledge and understanding of costs and budgeting techniques and equip you with the knowledge to both create and manage your budgets. You’ll get practice, using a number of case studies across the day.

All of our trainers are experts in their field and have many years’ experience in managing budgets.

Target audience

This Develop-level course is aimed at anyone who’s managing a budget or feels they’d benefit from a greater understanding of budgets. It is relevant to anyone:

The course assumes that you have a basic understanding of organisational finance and terminology, so if you need to understand the basics first, please consider attending our one-day Finance Essentials course MPDFE. If you’re looking for more comprehensive and in-depth training in finance, try our two-day Finance for Non-Finance Managers course MPDFNFM.

Objectives

Course Outline

1. What is a budget?

2. Preparing a budget

3. Presenting a budget

4. Managing a budget

Prerequisites

There are no pre-requisites for this course.

About This Course

Course Code
MPDMAB

Course Type
Essentials

Vendor
Professional Development

Duration
1 Days

RRP
£736.00

Course Overview
Download