2017-07-23
ReCh Management Centre - Effective Budgeting and Financial Management - Effective Budgeting and Financial Management - View courses templates

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Effective Budgeting and Financial Management

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Start DateVenue1 Week2 Weeks

Request a dateDubai 2,600 3,850
Request a dateLondon 2,600 3,850
Nov 20 2017London 2,600 3,850

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Course Overview

Financial Planning and the preparation of budgets are essential skills for anyone in the position of responsibility. Many budget holders are also responsible for setting selling prices and controlling costs. This course will help you to understand the language and processes of budgeting, costing and pricing. This course is designed for managers both in the public and private sector, who wish to get the most out of budgets, whether it be during preparation, review or end use

Course Objectives

  • How the budget relates to the two key financial statements: balance sheet and income statement
  • Prepare a budget consistent with the organization's strategic plan
  • Use appropriate estimation techniques in the development of revenue and expense budgets
  • Identify all the appropriate costs to be included in a capital expenditure proposal
  • Analyze management cost reports and take corrective action

Course Outline

  • The Critical Functions of Management
  • The Budget as a Key Financial Statement
  • Linking the Tactical Budget to Strategic Objectives
  • The Strategic Planning Process
  • Analysis into Quarters and Months
  • Zero-based Budgeting
  • Forecasting Methods
  • Project Budgeting
  • Capital Expenditure Budgeting and Analysis
  • Accounting Rate of Return
  • Cost Control and Management Budget Reports
  • Approaches to Cost Control

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*Course fee is not inclusive of VAT

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