This one day finance training course is for managers and directors who want to understand how to  put together and manage a budget within the private, public and social enterprise sector. There is a separate course for not for profit organisations registered operating as a charity.

The course takes a practical hands on and straightforward approach to budget making and will provide you with  invaluable tools and techniques to develop and control your budgets. The trainer is a qualified and experienced finance expert with a strong understanding of financial management systems and tools.

This course covers:

• the definition and purpose of a financial planning and budget
• common pitfalls in the budgeting process and how to avoid them
• budgeting techniques- incremental budgeting, zero based budgeting
• Understanding costing and pricing model
• how to prepare different types of budget – sales revenue, salaries, overhead cost, capital, cash flow, profit and loss and balance sheet
• practical tips for preparing an effective budget
• phasing/profiling the annual budget
• getting buy-in to the budget
• the budget presentation: what you need to be able to answer
• how to manage the budget using a structured management account
• what to look for when you get your monthly management accounts
• how to analyse variances and make better decisions
• investigating differences from the budget
• avoiding overspend and getting back on track

If you are an organisation with 10 or more staff in need of this course, you may be able to benefit from our in-house training course programme which will save you money. Organisations outside the London region can contact us for  more information about delivering this course for them.Participants can also get a qualification certificate from the Institute of Leadership at the end of this session for a small additional fee.