Financial Management and Budgeting Virtual Half Day - Corporate Training

Course Objectives

• improve your financial management competence
• understand financial accounts
• gain underpinning knowledge of financial management
• use financial information in the workplace.
• learn to prepare, monitor and manage budgets
• become more effective in your current or future job roles
• achieve value for money for your organisation
• develop essential skills in financial management for career progression

Course Content

• financial statements including the income and expenditure account
• financial terminology to enhance communication with finance teams
• budget setting techniques
• budget monitoring techniques including variance analysis
• budgetary control including commitment accounting, and projecting the outturn (forecasting)
• financial management - understanding and interpreting financial reports and management information.
• using financial information to make decisions and ensure objectives are achieved

Previous Course attendees have said:

“The course helped me to have a better understanding of budgeting principles and financial management. I also feel more confident to ask questions about management accounts, particularly as I have been equipped with improved skills to analyse and look beyond the figures in the reports. The course was delivered at a good pace and I liked the fact that we looked at the published accounts from my own company which really helped put the learning principles in to practice and therefore improved my understanding.” Head of Case Management, Solicitors Disciplinary Tribunal

“I enjoyed the course and it was very helpful. I have been able to bring back a number of recommendations from the course and improve our budget monitoring, helping to make our programme more transparent and offer greater value for money for the tax payer.” Compliance Executive, Skills Development Scotland

"The course was excellent and pitched at the right level to reflect my public sector role and experience. There was ample space for dialogue and discussion and it enabled me to develop clear actions to take forward. I would strongly recommend the course to any managers who want to understand how to take a more proactive approach to budget setting and management in senior public sector contexts." Transportation Services Group Manager, East Riding of Yorkshire Council

"I enjoyed the course on Friday and it has really motivated me to ask to be more involved with the budget setting so that I can further understand our own budget. The course was really informative" Senior Finance Officer, Hertswood Academy