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Budgeting Basics Course

  • Duration:1 Day
  • Cost:£497 + VAT
  • Ref:CIMA503

A useful insight for the non-specialist into the role of budgeting and budgetary controls

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Cost £497.00 Duration 1 day Code CIMA532

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What's this?

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Who is it for

  • Members of the finance team who are becoming more involved with budgetary control
  • Non-financial staff who are, or are soon to be, involved in setting budgets and/or have budgetary responsibility and accountability

What is it about

Get the essential tools and techniques to plan your budgets.  Ideal for those starting out with budgets or anyone who needs a refresher on best practice, or update on new techniques.

THIS COURSE IS RUN BY CIMA MASTERCOURSES

Course Overview

  • The purpose of planning, budgeting and budgetary control
  • The master budget, the income budget, the capital budget, the cash flow budget and the relationship between them
  • The various types of budget and their application including
    • zero base budgeting
    • flexible budgeting
    • activity-based budgeting
  • The derivation and agreement of assumptions
  • Variance analysis and reporting
  • A hands on practical case study to work through to further develop an understanding of budgetary control
  • Re-forecasting and how companies are approaching this in an uncertain environment
  • Consideration of the behavioural issues that can arise in a budgeting process
  • An insight into the 'beyond budgeting' school of thought

What will I get out of it?

A useful insight into the role of budgeting and budgetary controls as key management functions within a business, plus:

  • A detailed understanding of the different types of budget and the advantages and disadvantages of each
  • An understanding of the issues arising in a budget process and how these can be addressed
  • A practical hands on case study of how a budget is put together and the likely areas for challenge and critique
  • A 'jargon buster' to deal with the terminology and definitions within a budgetary control system.
  • 6 CPD hours (for non CIMA members)

Accredited by

CIMA Mastercourses for CPD purposes

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