Budgeting is something that managers are often asked to do without any formal training on how this should be done. This course explains the structures that excellent businesses have in place to make their budgets robust.
DurationBudgeting is something that managers are often asked to do without any formal training on how this should be done. This course explains the structures that excellent businesses have in place to make their budgets robust.
In doing so it challenges the business to only commit funds that will take the business where it wants to go. This course also covers tools and techniques to make sure the sales price for goods will lead to the required profit margins and discusses the reasons for why budgeting often doesn’t “work”.
What Will You Learn?
By the end of this course delegates will, with the aid of their notes, be able to:
We work closely with employers and professional bodies to make our learning as real-world, relevant and future facing as possible.
We do it for the biggest names and we do it in specialist areas. That includes law, accountancy, financial services, nursing, technology and more.
And it covers a range of qualifications to develop careers at every stage and every level of development.
We educate over 80,000 learners a year and work with over 7,000 clients to develop their talent and enhance their businesses.
This intensive course will provide participants with a deep understanding of how budgeting can be a powerful performance management tool. The course will delve into budget preparation, implementation, monitoring, control, and evaluation processes.
The effective management of budgeting and cost control is crucial for contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to think in terms of process-value added to customers/shareholders.
This unit is about the use of budgeting for planning, co-ordinating and authorising the activities of an organisation and for controlling costs. The unit provides skills and knowledge to improve the performance of an organisation.
Budgets and budgeting are words that fill many with fear and dread - long drawn out processes to input to budgets and forecasts without any real understanding why or what they will be used for.
Success in any organisation depends on being able to develop and implement effective plans to achieve the organisation's objectives. Although some see budgeting as a burden, the most successful organisations use the budget process to produce powerful plans.
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