Finance Best Practice 1: Budget Planning - Level 4 - Training Material  

Product Overview

This unit looks at preparing a budget, understanding the budget process, how budgets affect the whole organisation, using budgets, analysing budgets and the supervisor's role in implementing the budget.

Target Audience

• Middle and Senior Managers
• Post Grad and/or Post experience Managers

Anybody wanting to develop skills and knowledge in a particular management field at postgraduate or post experience level.

Objectives

• Enable students to prepare a budget according to their objectives and limiting factors
• Help students to understand the benefits and uses of budgets
• Show students how to use the budget in their everyday work situation
• Enable students to understand how different types of budget suit different situations
• Provide students with tools to analyse their own budgetary system

List Of Contents

Preparing budgets
What is a budget?
Budgets and objectives
Preparing budgets
Planning production
Sales budgets
Zero base budgeting
Cash budgets Some benefits of budgets
Using budgets
The importance of feedback and communication
Analysing budgets
Accountability
Flexible budgets
More benefits of budgets
The supervisor's role

Sample Preview Preview_Finance1.pdf

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