Tough economic times challenge managers to be good leaders. This is especially true when it comes to dealing with financial issues. Economic pressures can cause indecision and poor decisions when it comes to budgeting. Unfortunately many managers have not had sufficient training to meet the challenge of developing effective budgets – even in good times.
Effective budgets are vital for the good management of any organisation. As strong financial management is critical for organisational success, it is crucial that anyone involved in the budget creation and/or budget management process is well trained in practical techniques for doing so. Budgets are used for decision making, cash flow planning and operational judgements as well as forming part of the business planning process and so play a central role in the running of any organisation.
This program teaches the participant how making budgeting a compelling, interesting tool. Useful techniques for evaluating the present costs and budget, identifying organizational inputs & outputs, preparing for problems, and attaining monetary objectives will be learned by participants.
The benefit of the Budgeting For Managers Course will be the following:
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
This Budgeting For Managers Course Ideal for:
All managers and management employees and their assistants who are involved in the budgeting process.
All who needs to set and manage budgets but don't have the expertise or specific training in this area of finance.