Budgeting basics

For the non-specialist

• Members of the finance team who are becoming more involved with budgetary control.
• Non-financial staff who are, or are soon to be, involved in setting budgets and/or have budgetary responsibility and accountability.

• A detailed understanding of the different types of budget and the advantages and disadvantages of each.
• An understanding of the issues arising in a budget process and how these can be addressed.
• A practical hands on case study of how a budget is put together and the likely areas for challenge and critique.
• A 'jargon buster' to deal with the terminology and definitions within a budgetary control system.

• The purpose of planning, budgeting and budgetary control.
• The master budget, the income budget, the capital budget, the cash flow budget and the relationship between them.
• The various types of budget and their application including zero base budgeting, flexible budgeting and activity-based budgeting.
• The derivation and agreement of assumptions.
• Variance analysis and reporting.
• A hands on practical case study to work through to further develop an understanding of budgetary control.
• Re-forecasting and how companies are approaching this in an uncertain environment.
• Consideration of the behavioural issues that can arise in a budgeting process.
• An insight into the 'beyond budgeting' school of thought.

CIMA Mastercourses held in partnership with BPP 

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If you have any queries please email or phone us on +44 (0)845 026 4722.

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