Budgeting and Managing Budgets - Accredited

Unit Standard: 242810
NQF Level: NQF 4
Credits: 6
Course Category: Finance
Accredited
Duration: 2 Days
Time: 8:30am-4:00pm

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 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 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

Contact Details

Contact Person: 

Nikki Pears
Course Details

Unit Standard: 

242810

NQF Level: 

Level 4

Credits: 

6

Course Delivery Method: 

Presented Presented Courses

In House In-House

Course Duration: 

2 Days

Cost: 

R5 000 excl VAT per delegate with a reduced rate for 3 or more from the same organisation

Course fee Includes: 

Refreshments including a light lunch

Please Add Your Comments Below: