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.
Corporate
Corporate
30 hours
The Budget as a Useful Management Tool
Corporate
30 hours
Introduction
Objectives
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Understanding the importance of a budget.
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Mastering the master budget.
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Use the operating budget.
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Budgeting for investments.
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Managing staff.
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Monitor the cash flow budget.
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Understanding budgeting.
Table of Contents
TEACHING UNIT 1. THE BUDGET AS A USEFUL MANAGEMENT TOOL
- The budget as a useful management tool
- Drawing up a budget: the master budget
TEACHING UNIT 2. OPERATING BUDGET
- Operating budget
- Quotation and information
TEACHING UNIT 3. INVESTMENT BUDGET
- Investment budget
- How investments are budgeted for
TEACHING UNIT 4. STAFF BUDGET
- Staff budget
- Company-wide analysis of budgeted staff
TEACHING UNIT 5. CASH FLOW FORECAST
- Cash flow budget
- How to improve financial performance
TEACHING UNIT 6. BUDGETING PROCESS AND CRITERIA
- Budget preparation
- Management control: the role of budgets
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