Be introduced to the principles and practice of budgeting, including identifying the organisation's direction and strategy, creating different types of budgets and making appropriate estimates and forecasts.
Description
This highly-interactive course will teach you to further understand each step in the budgeting process. This course begins with identifying the organisation's direction and strategy, creating different types of budgets and making appropriate estimates and forecasts. The course also covers budget approval, implementation as well as disciplined review and actions based on the results.
Key topics:
- Planning and strategy
- Classification and documentation
- Estimation and forecasts
- Communication and implementation
- Review and action
This course consists of one hard copy learning manual and one online assessment.
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Learning objectives
- The benefits, limitations and risks associated with the budgeting process
- Suitable budgeting processes for different types of organisations
- Budgeting techniques using basic scenarios
- Opportunities for improvements in your own organisation's budgeting processes
Audience
This course is designed for people working in corporate entities, small to medium enterprises and not-for-profits, in areas such as management accounting, financial management and financial control. This course will benefit those who want to know more about best-practice implementation of budgeting, in order to confidently implement or manage budgeting processes in their organisation.