Budgeting Training
Practical, easy to understand budgeting and forecasting training for managers
Budgeting for Managers
Gain a thorough understanding of budgeting and forecasting.
A practical one-day budgeting course covering practical budgeting and forecasting tools and financial planning techniques.
- 1 day course
- Download course PDF
- +44 (0) 1635 890450
The budgeting and forecasting training course will help demystify the world of budgeting. It will also provide participants with the techniques and confidence to manage and control their budget effectively.
Our budgeting courses explain financial terms and budgeting tools in a way that a non-financial manager will understand and relate to, in their own line of work. The trainer will also use “real life” examples and case studies and encourage participants to work in small groups, whilst enjoying the subject!
For budgeting managers, as well as anyone who contributes to budgets and forecasts.
By the end of this one-day course, the participants will have:
- Understood the role and principles of budgeting
- Confidence in using budgeting tools and techniques
- Appreciated the issues and challenges of finance management from both the “customers” and the company’s perspective
- The ability to analyse and to challenge finance and accounting information
- Appreciated the inter-dependence of business functions
The Budgeting Pyramid: cash budgeting to capital budgeting
- The Master Budget and the Budgeting Cycle
- Forecasting techniques
- Cash is not Profit!
- Facilitator presentation and group discussion
Introducing the cash budget
- The language of Costs and Costing
- Allocation and apportionment of Costs
- Calculating breaking even
- Facilitator presentation, group discussion and group exercise: ‘The Cash Budget in action’
Introducing the Revenue Budget
- GAAP, IFRS and Accrual Accounting
- The Income (Profit and Loss) Structure
- Monitoring and reporting the variances
- Facilitator presentation and group discussion
Introducing Capital Budgeting
- What is Capital?
- The Decision Tree
- Cost Benefit Analysis
- Opportunity Costing
- Facilitator presentation, group discussion and group exercise: ‘You have €50,000 to spend!’
Relating the budgets to the Balance Sheet and the P & L:
- The stakeholders
- The Balance Sheet and P & L
- Introducing key financial ratios
- Facilitator presentation and group exercise: ‘Reading’ the Balance Sheet
The essentials of Working Capital:
- Calculating Working Capital
- The Working Capital Cycle
- Working Capital “culprits”
- Facilitator presentation and group exercise: Enhancing the “flow” of Working Capital
The budgeting training will be supported with:
- An optional participant pre-course questionnaire and/or pre-course reading on managing budgets
- A colour printed workbook with tips, techniques and space for personal notes
The budgeting course is run as “in-house training” at the business premises of our client, anywhere in the UK. Contact us for pricing or to discuss your needs.
Training Dates
Flexible to suit client needs.
In-House Training Locations
Our specialist finance trainer delivers in-house budgeting training to companies across the UK, in the following areas:
- London and the South East
- The Thames Valley – including Slough, Maidenhead, Oxford and Swindon
- Cambridge
- Norwich and East Anglia
- Leeds and Bradford
- Manchester and the North West
- Southampton and Bournemouth
- Birmingham and the Midlands
- Nottingham
- Bristol
- Cardiff and South Wales
- Exeter and the South West
- Newcastle
- Glasgow and Edinburgh, Scotland
Need a bespoke budgeting course?
At KSL Training, all our in-house courses include some tailoring to your business, as standard. For example, we will embed your own work-based scenarios into the training, at no additional cost.
Fully Bespoke Training
To discuss a fully bespoke course call: +44 (0) 1635 890450.
Testimonials from previous attendees
Really informative, very useful and accommodating.
Peter was very knowledgeable and enthusiastic about the subject matter. He was able to change his plans about what he was going to teach us and quickly understood what we needed.