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Budgeting and control (In-House)

Budgeting and control (In-House)

By The In House Training Company

  • 30 Day Money Back Guarantee
  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • Delivered Online or In-Person

  • Delivered at your location

  • UK Wide

  • Full day

  • All levels

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.

This course will help ensure that participants:
  • 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

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

About The Provider

The In House Training Company

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