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Budgeting for Business


Overview

Budgeting Process in Management Accounting

Budgets are the detailed plans and strategies that outline the operational and financial goals of an organisation. One way of looking at a business budget is as an action plan – one that assists with resource allocation, performance evaluation and forward-planning. Budgeting is an important component in a business plan, which must be produced before a new business is established. Further down the line, budgeting becomes a key duty to be addressed annually or quarterly. Budgeting focuses on revenues, fixed/variable costs and the primary goals of the business. Along with ensuring resources are allocated appropriately, budgets can also help the business accurately predict the future and plan for it accordingly.

This informative tutorial explores the purpose, value and mechanics of business budgets. Along with an introduction to key budgeting tools and documents, control ratios and performance budgeting are also discussed. Learn how budgets help businesses plan for ongoing success by identifying areas for improvement.

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Objectives

After the completion of this course learners will be able to:

  • Understand the basic aspects of financial planning and the role of budgeting
  • Explain various types of budgets

Programme Content

Topics:

  • Financial Planning
  • What Is A Budget?
  • Budgetary Control and Installing a Budgetary Control System
  • Organisation for Budgeting
  • Budget Procedures
  • Choice between Fixed and Flexible Budgets
  • Classification of Budget 

Target Audience

  • New or recent recruits to banking and financial organizations
  • Operations and support staff
  • Finance and accounting staff
  • Dealers and Traders

Prerequisites

No prior knowledge is required to take this unit.

Overview

  • Participants:8 - 400
  • Duration: 2 - 3 hours
  • Participation:Only collaborative

Key Benefits

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Course Level
Study Method Online
Course Duration 10 Hours
Start Date on going
Awarding Body
Pay in Instalment Full Fee £ 120, Deposite £ , ( £ 0/month )
Full Fee:    £ 120

Discount:    £ 30

Pay Today:    £ 90


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Pay in Instalment Full Fee £ 120, Deposite £ , (£ 0/month)
you can pay Staff Training Solutions using payatrader
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