Budgeting for Non-Financial Managers

Budgeting for Non-Financial Managers
Starts from:Thu, September 15, 2016 1:30PM - 2:00PM
Campus Location

111 Piccadilly,Manchester,United Kingdom

Map it
Course Feature
  • Course Code ACCFIN4
  • Duration 3Days
  • Course Type Short Courses
  • Classes Days Weekdays
  • Campus UK
  • Price $2495
Class Description

As someone once said “If you fail to plan, you plan to fail”. Budgeting and planning is how we plan to put life into our strategic goals. The budget therefore is the short term plan of how strategies may be achieved. It is the quantification of the activities the company must develop to achieve its short-term goals and lay the foundation for future goals.

The emphasis will be on how to make the budgeting and planning process a meaningful exercise and not just a chore that has to be done once a year. Too often the budgets prepared do not reflect what the business should really be doing but reflect more the hidden agendas of the prepares of the budget, leading to wrong decisions being made. Such decisions impact on the future success of the business in a negative way.

  •   Executive level managers responsible for budget preparation and management reporting
  •   Process owners who require a more in-depth understanding of integrated planning and budgeting techniques
  •   Anyone with direct planning and budget responsibility either within an organization or as an external advisor to organizations
  •   Those whom are held accountable for financial performance
  •   Types of budgets
  •   The complexity of managing contemporary organizations
  •   Budgeting and management control systems
  •   The critical functions of management
  •   The strategic planning process and the budget as a plan
  •   Aligning the budget with the organization’s strategy
  •   The impact of corporate culture
  •   Understanding the business environment
  •   Incremental budgeting
  •   Zero-based budgeting
  •   Fixed budgeting
  •   Rolling budgets
  •   Kaizen budgeting
  •   Forecasting methods
  •   Break-even analysis
  •   Making assumptions
  •   Using trend analysis
  •   Capital expenditure budgeting and analysis
  •   Preparing the ground for change in the business via financial planning
  •   Communicating the strategy and control points
  •   Reviewing and measuring progress with proper variance analysis
  •   To provide understanding of how to prepare a financial plan that reflects the strategic goals of an organisation
  •   To understand the relationship between financial planning, forecasting and budgeting and integration of the strategic management process
  •   The understand the planning process from beginning to end and how to develop the budget
  •   To discuss some of the problems associated with budgeting along with “best practices”
  •   To show you how to motivate managers and other to “buy in” to the budget process
  •   To show how comparison of variances in actual performance against the plan can be used to help control financial importance and their impact on short and long-term plans
KIATA’s trainings offers you the flexibility to choose the course you need, at the time you need, in the location you need
  •   All invites are carefully selected to offer a great experience with likeminded professionals
  •   KIATA welcomes the private sector, public sector, local government, non- governmental organizations
  •   KIATA’s programmes are interactive and practical giving participants a mixture of learning through discussion, exercises, role play and plenty time to practice learnings. Analysed and designed by our Design Team keeping in mind the present trends and competencies on Global Level.
    No team found.
WhatsApp chat