It is topical, practical and highly relevant to today’s changing market.

This course enables you to:

• Choose the most appropriate budgeting method
• Devise ways to overcome weaknesses in your current budgeting system
• Consider ways of better communicating and presenting budgets to non-financial staff
• Meet the varying budget preparation needs of different departments.

Course includes:

• Overview of budgets and finance
  - The budgeting cycle
  - Top down or bottom up?
  - The link between planning and budgeting
  - Organisational time and resource
• Alternative budgeting systems
  - Rolling versus fixed period budgeting
  - Incremental versus ZBB
  - Functional versus ABB
  - Life cycle budgeting
• Issues in setting budgets
  - Approaches to forecasting budgets
  - Using spreadsheets for budgeting
  - Organisational culture
  - Non-finance budget holders
  - Budgets as an evaluation and reward tool
• Monitoring and presenting budgets
  - A suitable management tool?
  - A true measure of performance?
  - Vulnerable variances
  - Presentation pitfalls
• The future of budgeting
  - Is traditional budgeting dead?
  - Living with budgets
  - Adaptive management
  - Decentralised decision making

Suitable for:
Professionals who are looking for a practical course that enables them to apply budgeting theory and knowledge in their own organisation.