Instructor-led training - Effective Budgeting & Beyond
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Effective Budgeting & Beyond: Training courseEffective Budgeting & Beyond Training Course

Financial Training London and UK wide

2 days from £593 List price £965

Benefits

  • Learn how to tie strategy to effective annual budgets
  • Get practical tips to improve budgeting in your organisation
  • Identify critical success factors for your organisation
  • Understand how winning organisations harness the power of Balanced Scorecard
  • Develop Key Performance Indicators that will help you to deliver results
"With careful and detailed planning, one can win; with careless and less detailed planning, one cannot win. How much more certain is defeat if one does not plan at all!" So said Sun Tzu in "The Art of War" written in 400BC and his advice is as relevant today as it was then.

Success in any organisation depends on being able to develop and implement effective plans to achieve the organisation's objectives. Although some see budgeting as a burden, the most successful organisations use the budget process to produce powerful plans to keep them on track to deliver their goals and vision.

This course will provide you with an up to date guide to effective budgeting.

Financial Training events in the next 12 months: live dates & pricing here

Next: Syllabus »

Who is this course for?

Any manager responsible for delivering organisational objectives and targets; managers in charge of developing frameworks for improving public or private sector performance; all managers responsible for preparing and controlling departmental budgets.

Benefits

  • Learn how to tie strategy to effective annual budgets
  • Get practical tips to improve budgeting in your organisation
  • Identify critical success factors for your organisation
  • Understand how winning organisations harness the power of Balanced Scorecard
  • Develop Key Performance Indicators that will help you to deliver results

Course Syllabus

Budgeting's place in the planning framework

Creating and articulating the organisation’s vision and objectives
Organisational stakeholders and balancing their objectives
The planning horizon
A framework for strategic planning
Tools for strategic analysis
Understanding and managing risk

Budgeting essentials

Linking budgets to strategic objectives
Identifying tactical objectives
Identifying constraints and the limiting budget factor
Assigning responsibility for budget objectives
Making sure objectives are integrated
People and budgets; using budgets to motivate

Practical budgeting

The budget manual
The sales budget
Overhead budgets
Capital expenditure budgeting
Cash budgeting
Preparing the master budget
Business seasonality, trends and budget phasing

Budget implementation

Monitoring financial and other data
Design of budget reports
Four golden rules for good feedback reporting

Alternatives to traditional budgeting

Zero-based budgeting
Activity based budgeting
Criticisms of conventional budgeting

Beyond budgeting

Handelsbanken case study
Using rolling forecasts instead of static budgets
Identifying key business drivers
Business modelling with Excel
Implementing rolling forecasts

Balanced Scorecard and KPI's

The four perspectives of the Balance Scorecard
The 'three step' approach to developing Balanced Scorecard
Identifying critical success factors
Using Balanced Scorecard to develop Key Performance Indicators
Aligning the KPI's with long term strategy
Practical implementation of a Balanced Scorecard
Real life examples of successful implementation

Next: Dates »

What you get

Training room

Qualified trainers

Training is held in our modern, comfortable, air-conditioned suites

Modern-spec IT, fully networked with internet access

"What do I get on the day?"

LunchLunch

Lunch is provided at a local restaurant or pub. Browse the sample menus:

Breaks and TimingsBreaks and timing

Courses start at 9:30am.
Please aim to be with us for 9:15am.
Joining information (how to get to our venues)

RefreshmentsRefreshments

Available throughout the day:

  • Hot beverages
  • Clean, filtered water
  • Biscuits

Learning tools

In-course handbookIn-course handbook

Contains unit objectives, exercises and space to write notes

24 months forum access24 months access to trainers

Your questions answered by qualified trainers online.

Next: Formats »

Training Formats & Services

Next: Why us? »

Testimonials

Civic Construction Ltd
Director

Effective Budgeting & Beyond
The course was great. I found it was particularly relevant to what I am looking for in my business right now, my expectations were exceeded.

More testimonials

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Course rating
5.0 stars - based on 56 reviews
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