Setting And Controlling Budgets, Thales Training Consultancy

SETTING AND CONTROLLING BUDGETS

Duration:

1 day (In-Company or Customised Course only)

Locations Available:

Suitable For:

This course is designed for managers, supervisors or professional staff who are required to set, monitor or work within budgets, but who have not had any formal training in budget setting and controlling. It will assist delegates with the understanding and application of budgeting principles and concepts. It will also improve the delegate’s, their department’s and their organisation’s performance.

Benefits of Attending:

By the end of the course delegates will be able to:

Set a realistic budget
Effectively control a budget to improve departmental business performance
Improve resource planning

Course Outline:

An Introduction to Budgeting

The purpose of a budget and why they are used
Understanding the basic terminology

How to Set a Budget

The first steps for setting a budget
Controllable and uncontrollable costs
Defining and applying fixed and variable costs

Using Budgets

How to calculate and interpret variances
Allocating resources

Updating Budgets

Changing assumptions and reflecting actual results

Cashflow Forecasts

The purpose of a cashflow forecast and its importance
Determining cash movements and layout

Working with a Cashflow Forecast

How to use the cashflow forecast as a planning tool
Using a cashflow forecast as an extension to the budget