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This practical one-day course, Managing Budgets, is designed
for all those who have to manage and monitor budgets and make
sense of budgetary information.
It provides an introduction to, and a review of, some
of the core concepts and techniques of managing budgets such
as variance analysis, cash-flow forecasting, break-even
analysis, marginal costing, gross contribution etc as well as
providing ‘hands-on’ instruction in how to use MS Excel to
develop and use appropriate tools for budget management.
The course is designed to be suitable for people
from public, private and third sector organisations.
Course Membership
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Managers with responsibility for managing income and/or
expenditure budgets
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Project managers with responsibility for proposing and
managing project budgets
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Administrators responsible for monitoring budgets and
providing management information accordingly
(Please note the programme assumes basic knowledge of, and
competence in using, MS Excel.)
Course
Objectives
To enable participants
to manage budgets and provide and interpret budgetary
information.
Course Outline
Topics covered include:
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Introduction to managing budgets
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Types of financial
information – the difference between financial accounting
and management accounting
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The role of management
accounting and budgetary information in decision making
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Income and expenditure
budgets – forecast, actual, variance and cumulative
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Making comparisons
e.g. year-on year-
Cash-flow forecasting
– why it’s important and how to do it
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Payment terms and
payment chasing
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Types of costs –
total, average and marginal
- and their implications
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Concepts of break-even
and contribution – what is profit?
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Investment/ project
appraisal
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Presenting budgetary
information – charts, graphs and tables with Excel
Course Methods
Managing Budgets is practical course that
combines informal lecture and discussion with hands-on
exercises using simple spreadsheets to consolidate
understanding and skills.
Maximum number of
participants
10
Dates & Venue
In-Company
Managing Budgets is also available on an in-company basis - date and location to
meet your convenience. Go to
In-Company
Programmes: Managing Budgets
for more information.
Book
places
Further
information
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