This course will introduce you to techniques which can be used to enable you to create a realistic budget, and show you how to monitor actual performance against the budget.
Following the course attendees will be able to:
Understand the terminology used by accountants and be able to communicate more effectively with them
Create more realistic budgets
Monitor actual performance against budget and take corrective action in order to enhance performance.
The benefits and limitations of budgeting
The difference between incremental and zero-based budgets
The key stages in the budgeting process
The importance of stating budget assumptions
How to create and profile the budget
How to forecast the year-end (or project-end) position
How to undertake variance analysis and take corrective action
How to present the budget and respond to challenges
- See more at: http://www.prca.org.uk/product.asp?cid=2&pid=3767&sid=283#sthash.nwd7KaV...
Full course notes, presentation slides and exercises will be provided. A notebook and pen will also be provided. If you prefer to work on a laptop, you are more than welcome to bring it along with you to use throughout the day.