Mais conteúdo relacionado Finance For Non Finance Managers Training Course- Finance For Non Finance Managers Training Course-Budgeting skills for non finance managers2. 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.
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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.
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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.
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5. H OW TO P REPARE B UDGET
Definition of Budget
a plan expressed in money terms
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6. H OW TO P REPARE B UDGET
An Overview Of Budgeting As A Tool For Controlling
Activities:
PLANNING
MONITORING
DECISION MAKING
CONTROL
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7. H OW TO PREPARE BUDGET
Benefits of Budgets:
Think Ahead
Specify Targets & Priorities
Determine Resources To Achieve Targets
Promote Accountability For Resources & Performance
Allocation Of Limited Resources Across Divisions
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8. H OW TO PREPARE BUDGET
Challenges Associated with Budgeting:
Collating historical information & analysing them
Forecasting future events outside your control
Working collaboratively with other teams to understand the
impact of your activities & actions on theirs
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9. H OW TO PREPARE BUDGET
Challenges Associated with Budgeting:
Putting aside time to produce a robust budget
Limited expertise on the part of non-finance managers
Lack of common understanding & assumptions
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10. H OW TO PREPARE BUDGET
Incremental
Bottom up
Alternative Zero base
Approaches
Top down
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11. P LANNING A ND P RODUCING YOUR
B UDGETS
Best Practice Approach:
Budget setting process
starts four – five
Appointment of budget
months before the
committee
start of the budget
period
Committee agrees
budget timetable and
assumptions
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