Finance For Non Finance Managers Training Course- Finance For Non Finance Managers Training Course-Budgeting skills for non finance managers
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We offer training in 'Budgeting Skills For Non Financial Managers'. This course includes tools, strategies and advise on how to put together effective budget and manage them. This course is part of our Finance For Non Finance Managers Programme. You can visit our website at businesssservicessupport dot com
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Finance For Non Finance Managers Training Course- Finance For Non Finance Managers Training Course-Budgeting skills for non finance managers
- 1. B UDGETING F OR N ON -F INANCE M ANAGERS
- 2. C OURSE O BJECTIVES Provide participants with the knowledge & skills to confidently prepare budgets for their department Provide participants with tools to monitor and control budgets effectively. COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 3. C OURSE O BJECTIVES Provide participants with the knowledge and skills to confidently prepare budgets for their department Provide participants with tools to monitor and control budgets effectively. Provide practical skills to aid effective communication with finance experts in the organisation and outside the organisation. COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 4. C OURSE O UTCOMES Provide participants with the knowledge and skills to confidently prepare budgets for their department Learn how to spot weaknesses in financial Provide participants with performance and take tools to monitor and action for control budgets effectively. improvement. Provide practical skills to Understand practical aid effective communication with principles for putting finance experts in the together a budget organisation and outside the organisation. COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 5. H OW TO P REPARE B UDGET Definition of Budget a plan expressed in money terms COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 6. H OW TO P REPARE B UDGET An Overview Of Budgeting As A Tool For Controlling Activities: PLANNING MONITORING DECISION MAKING CONTROL COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 7. H OW TO PREPARE BUDGET Benefits of Budgets: ï„ Think Ahead ï„ Specify Targets & Priorities ï„ Determine Resources To Achieve Targets ï„ Promote Accountability For Resources & Performance ï„ Allocation Of Limited Resources Across Divisions COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 8. H OW TO PREPARE BUDGET Challenges Associated with Budgeting: ï„ Collating historical information & analysing them ï„ Forecasting future events outside your control ï„ Working collaboratively with other teams to understand the impact of your activities & actions on theirs COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 9. H OW TO PREPARE BUDGET Challenges Associated with Budgeting: ï„ Putting aside time to produce a robust budget ï„ Limited expertise on the part of non-finance managers ï„ Lack of common understanding & assumptions COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 10. H OW TO PREPARE BUDGET Incremental Bottom up Alternative Zero base Approaches Top down COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011
- 11. P LANNING A ND P RODUCING YOUR B UDGETS Best Practice Approach: Budget setting process starts four â five Appointment of budget months before the committee start of the budget period Committee agrees budget timetable and assumptions COPYRIGHT© TO BUSINESS SERVICES SUPPORT LIMITED 2011