Course description
Budgeting is more than mere vague oversight. Budgeting should deliver the corporate strategy, add shareholder value and lead to a well-run business – for the benefit of all involved in it. Effective budgeting leads to real control – effective day-to-day operational control and more. This course demonstrates what proper budgeting and operational control can do.
Upcoming start dates
Choose between 2 start dates
Suitability - Who should attend?
- Review or learn the concepts and measures used to budget and control operations
- Develop their organisational and personal process of budgeting and control
- Focus themselves and other members of the team on the issues which must be managed to
ensure proper budgeting and operational control
Outcome / Qualification etc.
- Appreciate the importance of the budgeting process
- Take ownership of it
- Use it as a daily working tool – not an annual exercise – to help run their part of the operation
- Improve their reporting against budget
- Ensure their delivery against budget
Training Course Content
1 Objectives of budgets
- The budget process
- Stages – what is the prime aim of a budget?
- What is forecasting?
- Objectives
- Planning
- Implementation
2 Budget and cost control focus
- Choosing objectives
- Links with corporate strategy
- Links with resource management
- Can the accounting systems cope?
3 Traditional budgeting and control
- Benefits and drawbacks
- The process
- Control and feedback
- Reporting – what can be expected?
4 Advanced budgeting and control
- Understanding the business process
- Taking out costs
- Cost awareness
- ZBB – as valid as ever
5 Reports
- Reports for action
- The purpose of a report
- Content – deliverables and feedback
- Culture is so important
Course delivery details
be presented over two days. If required, a one-day version of the programme can be provided instead, although the learning would be significantly diminished without so much emphasis on your systems and the exercises.
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The In-House Training Company
22 South Burgundy House, The Foresters, High Street
AL5 2FB Harpenden
The In-House Training Company
We offer top-quality in-house training, in a wide range of subjects, at sensible prices. All of our programmes are delivered by independent subject specialists who also have outstanding training skills. We have rigorous standards and only work with the very...
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