This course provides a fast track understanding of the budgeting process. The course is designed and delivered in a virtual classroom environment by an experienced Chartered Accountant and Financial Analyst. The course is interactive and encourages learning through practical exercises. 

Budgeting Course

Course Content

  • Define a budget
  • Cost budgets
  • Financial Terminologies
  • Define each element: Income vs expenditure, capital expenditure, cash flow forecasts etc.
  • Developing budgets for profit and loss, balance sheet and cash flow
  • The principles of budgets
  • What are the benefits of a good budget practice
  • Different types of budgets and varying styles
  • Practical exercise defining and preparing profit and loss, balance sheet and cash flow
  • Coordinating and bringing your budget together
  • Planning and preparation of your budget
  • Accounting adjustments to be aware of; stock, accruals, prepayments etc.
  • Ascertain expenditure and variances
  • Explaining variances
  • Cash flow and working capital cycles
  • Profit margin ratios
  • How to forecast financing cost
  • How to forecast cash-flow
  • Justifying your business reason for the budget

Course Schedule

The course runs from 11:30 to 17:30 for one day.

Who is this course suitable for?

This course is ideal for someone whose job involves managing a budget. It does not assume a background in Finance, so people from outside of Finance and those who work in Finance can both find this course beneficial.