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

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?"

Learning tools

Breaks and timing

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

In-course handbook

Contains unit objectives, exercises and space to write notes

Refreshments

Available throughout the day:

• Hot beverages
• Clean, filtered water
• Biscuits

24 months access to trainers

Your questions answered by qualified trainers online.

Lunch

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

• Bloomsbury
• Limehouse
• Southwark

Training formats available

• On-site at your company office UK wide (60 second quote)
• Closed group at one of our London training venues (60 second quote)
• Near-site at a location close to you
• Bespoke one-to-one basis
• Tailored training courses to your requirements