Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
B UDGETING F ORN ON -F INANCE M ANAGERS
C OURSE O BJECTIVES                                   Provide participants                                  with the knowl...
C OURSE O BJECTIVES                                   Provide participants with                                  the knowl...
C OURSE O UTCOMES                                                                 Provide participants with               ...
H OW TO P REPARE B UDGET                                  Definition of Budget                                     a plan ...
H OW TO P REPARE B UDGET                                  An Overview Of Budgeting As A Tool For Controlling              ...
H OW TO PREPARE BUDGET                                  Benefits of Budgets:                                     Think Ah...
H OW TO PREPARE BUDGET                                  Challenges Associated with Budgeting:                             ...
H OW TO PREPARE BUDGET                                  Challenges Associated with Budgeting:                             ...
H OW TO PREPARE BUDGET                                                  Incremental                                  Botto...
P LANNING A ND P RODUCING YOUR                                                                   B UDGETS                 ...
Upcoming SlideShare
Loading in …5
×

Finance For Non Finance Managers Training Course- Finance For Non Finance Managers Training Course-Budgeting skills for non finance managers

We offer training in 'Budgeting Skills For Non Financial Managers'. This course includes tools, strategies and advise on how to put together effective budget and manage them. This course is part of our Finance For Non Finance Managers Programme. You can visit our website at businesssservicessupport dot com

Finance For Non Finance Managers Training Course- Finance For Non Finance Managers Training Course-Budgeting skills for non finance managers

  1. 1. B UDGETING F ORN ON -F INANCE M ANAGERS
  2. 2. C OURSE O BJECTIVES Provide participants with the knowledge & skills to confidently prepare budgets for their department Provide participants with tools to monitor and control budgets effectively.COPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  3. 3. C OURSE O BJECTIVES Provide participants with the knowledge and skills to confidently prepare budgets for their department Provide participants with tools to monitor and control budgets effectively. Provide practical skills to aid effective communication with finance experts in the organisation and outside the organisation.COPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  4. 4. C OURSE O UTCOMES Provide participants with the knowledge and skills to confidently prepare budgets for their department Learn how to spot weaknesses in financial Provide participants with performance and take tools to monitor and action for control budgets effectively. improvement. Provide practical skills to Understand practical aid effective communication with principles for putting finance experts in the together a budget organisation and outside the organisation.COPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  5. 5. H OW TO P REPARE B UDGET Definition of Budget a plan expressed in money termsCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  6. 6. H OW TO P REPARE B UDGET An Overview Of Budgeting As A Tool For Controlling Activities: PLANNING MONITORING DECISION MAKING CONTROLCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  7. 7. H OW TO PREPARE BUDGET Benefits of Budgets:  Think Ahead  Specify Targets & Priorities  Determine Resources To Achieve Targets  Promote Accountability For Resources & Performance  Allocation Of Limited Resources Across DivisionsCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  8. 8. H OW TO PREPARE BUDGET Challenges Associated with Budgeting:  Collating historical information & analysing them  Forecasting future events outside your control  Working collaboratively with other teams to understand the impact of your activities & actions on theirsCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  9. 9. H OW TO PREPARE BUDGET Challenges Associated with Budgeting:  Putting aside time to produce a robust budget  Limited expertise on the part of non-finance managers  Lack of common understanding & assumptionsCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  10. 10. H OW TO PREPARE BUDGET Incremental Bottom up Alternative Zero base Approaches Top downCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011
  11. 11. P LANNING A ND P RODUCING YOUR B UDGETS Best Practice Approach: Budget setting process starts four – five Appointment of budget months before the committee start of the budget period Committee agrees budget timetable and assumptionsCOPYRIGHT© TO BUSINESS SERVICESSUPPORT LIMITED 2011

×