This course is designed to help budget holders plan and manage their budgets efficiently to aid the smooth running of their organisation.

• What budgets are and why they are needed

• Understanding your role within the budgeting process

• Understanding different budget types

• Putting together a simple budget

• Considering assumptions to incorporate within a budget

• Understanding direct, indirect, fixed and variable costs

• Allocating overheads

• Forecasting

• Flexing the budget

 

Benefits for the individual

 

 

Benefits for the organisation 

 

• Improved competence in financial management, especially for those staff who are relatively new to budgeting

• Effective financial forecasting for more informed decision-making