Managing Financial Budgets

Description

This course will move a manager’s focus away from simply reviewing last year’s financial performance, toward the development of an interactive approach, designed to really understand financial performance and the consequence of inaction.

PARTICIPANTS WILL LEARN HOW TO:

• The confidence to use budgeting tools and techniques
• An understanding of the demands of financial management
• The ability to analyse and challenge financial and accounting
• Information
• An understanding of fixed and variable costs and how these affect the sales price and profitability
• Understanding the challenges of overhead allocation
• Understanding the P&L
• Developing awareness of fundamental investment appraisal techniques

COURSE TOPICS INCLUDE:

• Budget Definitions & Planning
• Designing and developing a budget
• Performance reporting systems & cost control
• Zero-based budgeting systems
• Understanding business costs (FC & VC)
• Understanding variance analysis
• Profit and Loss & Balance Sheet