Finance essentials - introduction to budgeting

Who should attend?
This highly interactive course is for anyone who needs to construct a budget or need to understand more about the budgeting process.

What you will gain
Budgeting is something that managers are often asked to do without any formal training on how this should be done. This course explains the structures that excellent businesses have in place to make their budgets robust. In doing so it challenges the business to only commit funds that will take the business where it wants to go. This course also covers tools and techniques to make sure the sales price for goods will lead to the required profit margins and discusses the reasons for why budgeting often doesn’t “work”.

This course is part of BPP’s Finance for Non-Financial Managers programme that consists of 8 half day modules. The courses are designed to be stand alone but, as a programme, provide a comprehensive understanding of key finance concepts for non-finance managers from accounts production and interpretation to budgeting and forecasting. The courses in the programme are:

Finance essentials - the statements
Finance essentials - the principles
Finance essentials - introduction to control and audit
Finance essentials - company accounts and the annual report
Finance essentials - introduction to strategy and the business case
Finance essentials - introduction to investment appraisal
Finance essentials - introduction to budgeting
Finance essentials - introduction to forecasting and reporting

Programme outline
By the end of this course delegates will, with the aid of their notes, be able to:

• Explain the organisational structures that lead to a robust budget creation
• Construct a supported budget on an accruals basis
• Construct a cash budget
• Appreciate the difference between revenue budgets and capital budgets
• Explain and calculate budgeted costs for goods using absorption or marginal costing
• Calculate a break even sales volume for goods
• Profile a budget
• Appreciate the challenges and behavioural issues surrounding budget construction

The course will start at 9.30am and ends at 12.45pm. Refreshments are provided.
3 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses