Target Audience
Directors, Finance Managers, Head of Departments, Managers and any other Officer responsible from internal and external Budgeting. Programme Standards
- Maximum 6 attendees - 30 days of one to one support - Handouts - Programme director/s with at least a Masters Degree in the subject - Convenient morning timings or in-house at any time for a minimum of two bookings - Can be configured to address a number of professions and industry sectors Price
EUR248 ex VAT per participant. |
Workplace Budget Management Workshop
By focusing on these key topics, non-accountant management can gain the knowledge and skills necessary to actively participate in the budgeting process, make informed financial decisions, and effectively manage resources within their departments or organizations. Topics Covered
1. Understanding Budgeting Basics: - Introduction to budgeting concepts and terminology in non-technical language. - Explanation of different types of budgets (e.g., operating budget, capital budget, cash budget) and their purposes. - Overview of the budgeting process, including setting financial goals, forecasting revenues and expenses, and allocating resources. 2. Financial Analysis and Decision Making: - Interpretation of financial statements (e.g., income statement, balance sheet, cash flow statement) to understand the organization's financial health. - Techniques for analyzing budget variances and identifying the causes of discrepancies between budgeted and actual results. - Using financial ratios and key performance indicators (KPIs) to evaluate business performance and make informed decisions. 3. Budget Planning and Preparation: - Step-by-step guide to creating a budget, from gathering relevant financial data to finalizing the budget document. - Practical tips for setting realistic budget targets and aligning budget allocations with strategic objectives. - Involving non-financial managers in the budgeting process and empowering them to contribute insights and ideas. 4. Budget Monitoring and Control: - Strategies for monitoring budget performance throughout the fiscal year, including regular review meetings and variance analysis. - Techniques for controlling expenses and managing budget overruns, such as cost-saving initiatives and resource reallocation. - Implementing a system of accountability and responsibility for adhering to budget targets among departmental managers and team members. |