Budgeting For Managers Course

Course Overview:

The course on Budgeting for managers conveys the basic skills required by the managers in order to carry out the functions of budgeting in their organization. On completion of the course, the learners will be aware of fundamental key budgeting techniques, strategies and the practices and were They are able to efficiently apply the key techniques to their business.

The topics include, evaluating budget plans, determining cost centers, revenue estimation, and elementary product costing concepts. It will also emphasize on dealing with uncertainties, internal and external factors management and communicating financial challenges and opportunities to stakeholders.

 Managers, management assistants and any other professional working in an organization only that they are not trained in finance but are able to participate in budgeting will benefit most from this course. It is going to enable them evaluate the financial plans the given inputs and obtain the final approval of the budgets.

Course Objectives:

At the end of this Budgeting for Managers Course, you will able to:

• Recognize the concepts, strategies, and practices applied to each business
• Identify just how budgeting techniques, principles, practices, and techniques apply
• Assess the use of the budget forms
• A greater understanding of budgeting principles
• An understanding of forecasting techniques
• An understanding of basic product costing

Who Should Attend?

This Budgeting For Managers Course is Ideal for:

• All managers and management employees and their assistants are involved in the budgeting process.
• All who need to set and manage budgets but don't have the expertise or specific training in this area of finance.

Course Outlines:

• Introduction
• Assess the organization's existing spending budget, manager‘s funds, spending budget forms, and pre-budgeting activity
• Recognize natural issues in the process of budgeting

• Evaluate just how budget plans enable the presence of inherent issues
• Recognize the “must” components of preparing a budget
• Evaluate your financial plans

• Identify as well as determine an organization‘s outputs
• Determine what settings those outputs
• Verify the​kinds of organizational inputs
• Integrate the inputs, especially to your organization

• Identification of costs & cost drivers
• Preparation for uncertainty
• Realizing assumptions as vital tools to overcome uncertainty
• Determine uncontrollable internal factors and outside environmental factors
• Provide individuals with resources to properly communicate problems and opportunities in meaningful terms to employers, subordinates, and peers

• Recognize the​ sources of budget numbers
• Specify the crucial questions that should be answered prior to revenue forecasting
• Recall the concepts of proper cost budgeting
• Verify the various kinds of capital expenditures
• Formulate procedure for getting budget approval

see more: Budgeting Masterclass Training Course