Budgeting and Managing Budgets

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Budgeting and Managing Budgets

Budgets are critical to organisations as they strive to achieve their goals.  Whilst budgets are never 100% accurate, techniques can be applied that facilitate budgeting that is more accurate, and allows for defined review periods to keep budgets relevant

WHO SHOULD ATTEND

  • People involved in the preparation of a budget, or those who are involved in activities in the budget and need to understand the budgeting process
  • Managers, Junior managers and aspirant managers
  • Business owners

HOW YOU WILL BENEFIT

  • Delegates will develop an understanding of the budgeting process as it cascades through the levels in the organisation, from high-level strategy all the way down through the business units
  • Budget activities will be aligned with strategic goals
  • Various budgeting techniques will be understood and delegates will be able to apply these in the workplace
  • Budget monitoring is applied and corrective action is taken when business units go over budget

WHAT WILL BE COVERED

  • The importance of budgeting
  • Employing budgeting techniques
  • The elements of the budget – Income and Expenditure, Capital requirements
  • Fixed and variable costs
  • Fixed, flexible, rolling, static, historical-based, zero-based, activity-based, bottom-up and top-down budgeting techniques
  • Monitoring and controlling expenses against a budget
  • Taking corrective actions and providing feedback

You can view all our courses HERE

KZN Business Training Centre

 

Contact Details
Contact Person:
Call us on: +27 (0)31 267 1229
Contact Email:
sales [at] kznbtc.co.za
Course Details
Unit Standard:
242810
NQF Level:
Level 4
Credits:
6
Course Duration:
2 Days
Course Delivery Method:

Blended Blended

In Class In Class

Distance Distance

Presented Presented Courses

In House In-House

Cost:
Contact us at +27 (0)31 267 1229 or [email protected] and we will send your a full course outline and quotation based on your requirements
Course Fee Includes:
Our public course fee includes facilitated training, course materials, the venue, a light lunch and refreshments. Onsite training at your venue can be arranged on mutually suitable dates - please contact us to request a quotation.


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