Go beyond the basics of financial management to analyse in more detail what drives sales and costs. With this Advanced Budgeting training course, participants can build a budget model which makes sense for their organisation, and reflects their patterns of activity. Manage people’s behaviour to achieve performance, ensuring teams are motivated, and budgets are appropriately communicated. Look at various techniques including balanced scorecard, sensitivity analysis, and some sector-specific models.
This Advanced Budgeting course is ideal for senior managers who manage budgets or managers who are currently managing projects and/or contracts. Senior managers who control cost and budgeting for their departments or organizations will also find this course extremely beneficial.
Introduction to Cost, Cost Information and Review of Key Cost Concepts
- How Budgeting Fits Into The Strategic Planning Process
- Discussion: How is the strategic plan and budget linked and communicated in different organisations?
- Why Do We Budget?
- What drives profit in your organisation?
- What’s Wrong With How We Budget?
- Beyond Budgeting Discussion: Would “Beyond Budgeting” work in your organisation?
Practical Budgeting Techniques
- Reviewing Cost Structures For Budget Optimisation And Best Performance
- New Techniques In Budgeting
- Cash Budgeting
Planning and Budgetary Control Systems
- Budget, motivation and responsibility accounting
- The use of cost management information
- Creating cost-aware organizations
- Product vs. Period costs
- Direct and Indirect Costs
- Cost behaviour: Fixed and Variable Costs
- Budgeting as a Management and Organisational Control System
Control Systems and Performance Measurement
- Linking process development to costing
- Financial and non-financial performance measure
- Designing an accounting –based performance measure
- Different performance measures
By the end of the course, participants will be able to:
- Understand the budget planning processes, preparation, review and control
- Discover and leverage on the different types of budgeting techniques that can be used in organisations
- Demonstrate and understanding of ‘cost’ as a feature of organisations
- Display a heightened understanding of ‘cost’ as a control mechanism
- Exhibit a high level of understanding of cost information generation
- Illustrate how cost information can be effectively retrieved, analysed and utilised for organisational effectiveness
- Strategically analysis the formulation of long-run and short-run budget
- Identify the principal factors required to produce a successful business case
- Demonstrate their ability to utilise budgeting & financial skills required for better decision-making
- Identify sources of financial and business data to support the budgeting process
- Demonstrate the use of the appropriate techniques and methodologies to simulate typical business scenarios
- Use Information for informed management decisions
Small Classes
With small class sizes, much more individual attention can be given to each delegate.
Competitive Pricing
We believe our prices are very competitive and our quality is second to none.
Friendly Staff
Our friendly Customer Support team is here to help you with every step of the way to make your BOC experience comfortable and welcoming.
Course registrations can be made via our website either from individual course pages or through our booking page.
Alternatively, you can download and complete course application form and send via email: training@boc-uk.com or fax: +44 (0) 207 112 4845 Call: +44 (0) 207 112 4846
Commitment to Quality
We strive to provide the best service possible, with the highest regards to quality and professionalism.
Different trainers every day
Each day we have different trainers to maximise the experience sharing.
Kindle for every BOC Delegate
to promote paper free environment, we are giving Kindle Fire to our delegates instead of the course binder.
Luxury Course Venue
All our Training Courses take place at the luxury 4-5 Star hotels located in central London
Certificate of Achievement
At the end of the programme participants will receive a certificate of achievement.
FREE On-going Support
Each delegate receives unlimited support from the trainers after they attended the course with us.
TAILORED MADE / IN-HOUSE MANAGEMENT TRAINING COURSES
All of our open courses can also be run as bespoke courses, tailored to your organisation's specific needs and requirements. Our Tailored Management Training comes in many formats from one-to-one through to fully customised company wide programmes.
To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846
ONE TO ONE COACHING & MENTORING
All of BOC open courses can also be run as One to One Training Sessions, where delegate gets a dedicated trainer for their specific learning requirements. This mode of training is highly preferred by those who need undivided attention of the instructor for a fulfilling learning experience. The courses can be tailored to suit the individual needs of the organisation and the delegate.
To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846
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