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Training Course Summary:

Financial difficulties are often the results of inadequate budgeting or errors made during compilation. Improve financial control by using budgets to avoid reduced profits and financial problems.

Benefits:


Eradicate errors when compiling budgets, therefore avoiding financial difficulties
Present budgets with confidence and accuracy
Analyse variances so that corrective action can be taken
Avoid common pitfalls, grasp basic concepts such as the "Zero-based" approach

Who Should Attend:

Those people, both managers and staff, who wish to get the most out of budgets, whether it be during preparation, review or end use.

Training Course Overview/Content:

The need to plan
Basic concepts explained
Budgeting as part of the business plan
The budgeting process
Structuring the budgets
The key budgetary statements
Compiling the budgets - avoiding the pitfalls
Using the 'Zero-based' approach
Interaction between the statements
Reviewing the budgets
Using Variance Analysis
Identifying corrective action
Flexing the budget
Updating the budget - alternative approaches
Presenting the budget
Action planning