Corporate

The Budget as a Useful Management Tool

Corporate 30 hours

Introduction

This training programme focuses on the budget management through six teaching units. It covers everything from the understanding the budget such as tool essential for the decision-making until the completion of a master budget. It explores key aspects such as operating budgets, investment, staffing and cash flow. It also covers budgeting and its role in the management control, equipping professionals with the skills they need to improve the financial performance within an organisation. In short, this training course provides practical knowledge of budget management to help you make financial decisions strategic and improve business efficiency.

Objectives

  • Understanding the importance of a budget.

  • Mastering the master budget.

  • Use the operating budget.

  • Budgeting for investments.

  • Managing staff.

  • Monitor the cash flow budget.

  • Understanding budgeting.

Table of Contents

TEACHING UNIT 1. THE BUDGET AS A USEFUL MANAGEMENT TOOL

  1. The budget as a useful management tool
  2. Drawing up a budget: the master budget

TEACHING UNIT 2. OPERATING BUDGET

  1. Operating budget
  2. Quotation and information

TEACHING UNIT 3. INVESTMENT BUDGET

  1. Investment budget
  2. How investments are budgeted for

TEACHING UNIT 4. STAFF BUDGET

  1. Staff budget
  2. Company-wide analysis of budgeted staff

TEACHING UNIT 5. CASH FLOW FORECAST

  1. Cash flow budget
  2. How to improve financial performance

TEACHING UNIT 6. BUDGETING PROCESS AND CRITERIA

  1. Budget preparation
  2. Management control: the role of budgets
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