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
This course will help demystify the world of budgeting. It also provides participants with the techniques and confidence to manage and control their budget effectively.
Our budgeting training explains 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 budgeting 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 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
Budgeting training - UK pricing
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Price ListTestimonials 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.