Budgeting And Managing Budgets

Budgets are critical to organisations as they strive to achieve their goals.  Whilst budgets are never 100% accurate, techniques can be applied that facilitate budgeting that is more accurate, and allows for defined review periods to keep budgets relevant.

What Will Be Covered:

• The importance of budgeting
• Employing budgeting techniques
• The elements of the budget – Income and Expenditure, Capital requirements
• Fixed and variable costs
• Fixed, flexible, rolling, static, historical-based, zero-based, activity-based, bottom-up and top-down budgeting techniques
• Monitoring and controlling expenses against a budget
• Taking corrective actions and providing feedback