Managing Budgets NEW

This course is designed for any supervisor who needs to understand the basic concepts of budget management and handling finances.

Key Objectives

After attending this course delegates will understand:

• Different budget types
• The use of budgets
• Preparing and producing a budget appropriate to the business requirements
• Budgetary techniques for controlling operations

Course outline

• The nature and purpose of budgets
• Types of budget
• Gathering information for use in budgets
• Budget variances
• Cost centres, Profit centres and the benefits of utilizing them in the workplace

Key Benefits

• Be able to carry out basic statistical analysis to better manage costs
• Being able to produce and use budgets to enhance business efficiency
• Utilise cost control to achieve business objectives
• Appreciate the importance of all budgetary aspects (including non financial) as part of the overall control of business resource