Budgeting for Managers (Two Days)

This two day seminar is designed to provide non-financial executives and managers with an understanding of the importance of budgeting, the process of budgeting, and how to utilize budgets as a control mechanism. You will gain the tools needed to prepare, implement, and manage a budgeting process within your organization.

Objectives

• Be able to understand the need for budgeting

• An understanding of budget types and processes, and how each impacts your operations

• The tools necessary to meet your budget goals, whatever the economic environment

Contents

• Review of financial terms and concepts

• Analysis and interpretation

• Budgeting

• The Purpose of Budgeting

• Planning for Control

• Budget Components

• The Process of Budgeting

• Budget Implementation - Putting it in Place

• Project evaluation

• Why Budgets Fail

Learning Outcome

• The importance of budgeting

• Types of budget, processes involved, and their impact on operations

• The budgeting tools and techniques

Who should attend

Non-financial managers, who need basic grounding in budgeting to make them conversant in budgeting process and matters relating to it.

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