Budgetary Control for Managers

                                           or

  How to survive the Budgeting Process

  

A two day course to help you become more effective when planning, monitoring and using budgetary control systems.

Why manage Budgets?

In the current economic climate every organisation, large and small, public or private should be planning its future activities. An organisation's budget is its target or goal for the future. The budget impacts all departments and has to be translated into business activities such as income received, units produced, wages paid, travel expended etc.

Increasingly line managers from all disciplines are being called upon to develop and control their own budgets. They have to monitor performance and report on deviations. No longer is budgetary control the sole province of the accounts department.

Can you continue to allow this important element of your management planning to be delegated  - shouldn't you take control of your department's destiny. Only if you understand the budgeting process will you be able to use it and provide meaningful input for the figures that you and your department will be judged on. 

This course will provide you with the skills needed to become an active participant in the budget setting routine and, even more importantly, steer you through those regular monthly reporting meetings when you are called upon to explain differences between the budget and actuals.

 The manager's task

The current trend towards decentralised management and increased management responsibility and accountability, the need to monitor cash flow and debt collection means that managers are being asked to take responsibility for financial control of their areas. Are you equipped for this task?

Budgeting is a critical process and more and more managers are being asked to prepare, monitor and explain their budget results. Budgeting is now an essential management skill!

Attending this course will provide you with an understanding of

•  What budgets are and how they should be constructed

•  What different types of budgets record

•  How to develop a budget for your area of responsibility

•  How to distinguish the different types of business costs and how to record them

•  How to develop and use budgetary management concepts for your own purposes

•  When to revise and change budgets

•  When to use commitment accounting and how it can control expenditure.

Who should attend?

The seminar introduces the concept of budgetary control for non-financial managers, as such it is designed for all managers at all levels in the organisation who have a responsibility for setting, preparing, monitoring or reporting on the budget. It is suitable for managers from all disciplines - production, sales, operations, marketing, engineering etc and all industries whether Public or Private, large or small - the principles explained still apply.  

Throughout the seminar there will be case studies and examples to reinforce the theory and help you apply the techniques back in the office.