Introduction To Managing Budgets in Liverpool

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 in Liverpool

237 Learners Recommended

Duration: 1 Day*

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Introduction To Managing Budgets

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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.

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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

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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 £1094.00

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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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Introduction To Managing Budgets

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