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Budgeting: The Complete Guide

  • Overview ImageOverview
  • Outline ImageCourse Outline
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Course Overview

Budgeting lies at the heart of every successful organisation, ensuring that financial resources are allocated wisely and that objectives are met in a cost-effective manner. This comprehensive 5-day course on budgeting will empower participants with the knowledge and tools needed to craft, manage, and evaluate budgets effectively. Using a mix of real-world case studies, interactive exercises, and expert-driven insights, learners will become adept at making sound budgetary decisions that drive organisational success.

Objective:

  • Grasp the fundamental concepts and importance of budgeting in a business context.
  • Master the process of preparing, forecasting, and revising budgets.
  • Understand various types of budgets and when to apply them.
  • Develop skills in analysing budgetary performance and making necessary adjustments.
  • Foster a proactive budgeting culture that emphasises planning, monitoring, and continuous improvement.
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Course Outline

Day 1: Introduction to Budgeting Fundamentals

  • The essence of budgeting: Definitions and its role in financial planning.
  • The link between budgeting, strategy, and organisational objectives.
  • Overview of the budgeting process: Planning, preparation, and execution.
  • Activity: Identifying common budgeting challenges and pitfalls.

Day 2: Budget Preparation & Forecasting

  • Steps in budget preparation: From data collection to approval.
  • Techniques of forecasting: Quantitative and qualitative methods.
  • Practical exercise: Creating a basic budget from scratch.
  • Role of historical data in accurate budget forecasting.

Day 3: Types of Budgets & Their Applications

  • Operating vs. Capital budgets.
  • Zero-based budgeting, Incremental budgeting, and Activity-based budgeting.
  • Flex budgets and rolling forecasts.
  • Case Study Analysis: Different budgeting approaches in real-world scenarios.

Day 4: Monitoring & Performance Analysis

  • Importance of budgetary controls and variance analysis.
  • Techniques to evaluate budgetary performance.
  • Addressing discrepancies: What to do when actuals differ from the budget.

Workshop: Analysing a budget variance report and recommending actions.

Day 5: Cultivating a Proactive Budgeting Culture

  • The role of collaboration and communication in successful budgeting.
  • Embracing technology: Introduction to budgeting software and tools.
  • Encouraging continuous feedback and improvement in the budgeting process.
  • Wrap-up, interactive Q&A, feedback session, and certificate distribution.
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Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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  • Finance and Accounting

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 12 - 16 Aug 2024

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  • Finance and Accounting

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 23 - 27 Sep 2024

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  • Finance and Accounting

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 21 - 25 Oct 2024

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  • Finance and Accounting

London

$4,900

London

Duration: 20 CPD hours (5Days)

date: 16 - 20 Dec 2024

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  • Finance and Accounting

Budgeting: The Complete Guide

Duration:5 Days (20 CPD hours)

date:12 - 16 Aug 2024

London

London

$4,900


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    All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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Budgeting: The Complete Guide

  • United KingdomLondon
  • calendar12 - 16 Aug 2024
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Budgeting: The Complete Guide

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  • United KingdomLondon
  • 12 - 16 Aug 2024
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