Introduction To Managing Budgets

  • Get an understanding of the strategic methods of financial performance.
  • Learn how to manage a budget in an organisation in just 1-day training.
  • Gain knowledge of how to analyse trends in financial flows.

Key Points About Introduction To Managing Budgets

237 Learners Recommended

Duration: 1 Day*

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Introduction To Managing Budgets

Course Overview

Our 1-day Introduction to Managing Budget training will equip delegates with the knowledge of how to deal with business finances, budget and financial report. In this course, delegates will learn how to use different methods to measure business performance. Delegates will get an understanding of budgets and financial information to manage budgets. This course will help delegates to achieve organisational goals more efficiently. By attending this course, delegates will have the opportunity to determine their skills in budgeting.

This Introduction to Managing Budget course will be taught by our industry-experienced instructor with an experience of several years.

Course Outline

What is the Purpose of a Budget?

  • Budgeting
  • Budget Preparation
  • What is the Purpose?
  • Advantages of Budgeting
  • Limitations of Budgeting

Key Terminology

  • Key Components
  • Budget Manual, Period, Committee
  • Financial Terminology
  • Profit and Loss
  • Balance Sheets

Understanding Cost

  • Cost Concepts, Classification, Behaviour
  • Cost Behaviour Patterns
  • Determining the Fixed and Variable Elements of Semi-Variable Costs
  • Cost Variance

Methods of Measuring Financial Performance

  • Basics of KPIs
  • Metrics, Measures, and Targets
  • Ratio Analysis
  • Analysing Trends in Financial Flows
  • Break-Even Analysis and Contribution
  • Break-Even Point
  • The Contribution/Sales (C/S) Ratio
  • The Margin of Safety
  • Break-Even Charts
  • The Profit/Volume (P/V) Graph

Budgeting Techniques

Overall Management of the Budget

  • How to Build a Budget?
  • Budget Control Cycle
  • Incremental Budgeting
  • Zero Budgeting
  • Zero-Based Budgeting
  • Framework for Budgeting
  • Budget Manual
  • Budget Preparation
  • Flexible Budgeting
  • Budget Review

There are no formal prerequisites for taking Introduction to Managing Budget course.

This Introduction to Managing Budgets course is designed for individuals who are responsible for:

  • Financial Management
  • Accounting
  • Budgeting and Forecasting

The Introduction To Managing Budgets Cost in United Kingdom Starts from £1095.00

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Join discussions via computer or mobile device

Interact with subject matter experts

40 Hours (on average)

90 Days Access

Certificate upon completion

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Key points about this course

237 Learners Recommended

Duration: 1 Day*

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Your online (Introduction To Managing Budgets) package

Upon purchase you will receive a password via the email you used to purchase the course.

You will then be able to login to our online learning platform with your email and password.

You will have access to the platform for 90 days to complete your course.

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