Budgeting and Finance Basics Course
- Duration:1 Day
- Cost:£400 + VAT
- Ref:CIMA155
Learn more about the essentials to financial management
Who is it for
This course is suitable for managers and administrative staff who work in finance departments, non-financial staff responsible for setting and managing budgets. Any others needing an insight into the finance function will also find this useful.
What is it about
This course covers the following key topics:
- Introduction to accounts: double entry and accounting ledgers
- Introduction to budgeting: definition, types and structure of budgets
- Accounting ledgers: sales, purchases and nominal ledgers
- Cash recording and bank reconciliations: importance of bank reconciliations
- Profit, cash and expenses: difference between cash and profit; paying and accounting for expenses
- Financial planning and budgetary controls: why budget and how to set and manage budgets effectively
- Variance analysis: establishing adverse and favourable variances
- Evaluation and review of budgets
- Common budgetary problems and pitfalls
- Management and financial accounts: differences and why they are both important
- Financial statements: profit and loss account, balance sheet, notes and accounting policies
Course Overview
- The course provides an indepth introduction to budgeting and finance. The course provides an introduction to accounts, budgeting and accounting ledgers.It also provides insight into cash recoding and bank reconciliations, profit, cash and expenses.
What will I get out of it?
An appreciation of the fundamentals of book-keeping and budgeting.
A basic understanding of what accounting records are and why they are necessary.
Basic budgeting and budgetary control skills: how to set and monitor budgets.
Essential financial management and control skills.
An understanding of accounting terminology and of financial and management accountsAccredited by
