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Budgeting and Business Planning
Every manager needs to operate within a budget. During this course you will examine a variety of approaches for developing a budget and monitoring performance against an agreed business plan.
2 Days
Overview
Managers, supervisors and staff are held accountable for achieving their organisation’s outcomes. This business planning course is highly interactive, equipping you with essential tools to prepare successful budgets and strategic business plans. These invaluable skills will help empower you towards achieving your organisation’s goals.
Who will benefit
Managers, supervisors and staff in the private and public sector who need to prepare, understand or evaluate budgets and business plans. This budget management course is also suitable for not-for-profit organisations.
Content
- The purpose, importance and benefits of a budget and a business plan
- The relationship between the budget and the business plan
- SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis
- Setting objectives and goals
- Planning and budgeting for the organisation’s resource requirements and capital expenditure
- Risk assessment and management
- Key Performance Indicators (KPI's)
- Action plans
- Building commitment and responsibility
- Monitoring performance against the plan and budget.
Learning Outcomes
You will learn to:
- Plan and evaluate a budget
- Prepare and implement a business plan
- Gain the necessary skills to assess and handle risk
- Manage the process of implementing a business plan
- Examine and manage costs against a budget
- Monitor and manage progress against a business plan.
What past course attendees say:
For those needing to use financial tools to support business planning, this program will explore the different finance variables that have to be taken into account when preparing predictive models for organisations or major projects.
This course is designed for those who have had little or no exposure to accounting concepts and want to gain an introductory level of financial awareness.
The Finance for Non-Finance Managers training course is for those who need an understanding of finance to make sound commercial decisions. You will learn how to improve budgeting processes within your team, explore tax implications of business structures and learn how to ask insightful questions about the organisation's finances.
If you need to build your financial acumen and would like to integrate financial information into your decision making, this course is for you. This accounting training will cover how to link financial objectives to company strategies and interpret financial data to make better decisions.