Budgeting for Non Finance People
A simple guide to how and why organisations create Budgets
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What You Will Learn!
- Understand how budgets are created in an organisation
- Learn why organisations create budgets and how they help fulfil the organisation's strategy
- Learn the terminology associated with budgeting
- understand the step by step process by which budgets are created
- See a full example of a complete budget
- Check your understanding of budgeting with multiple choice questions
Description
This is a course aimed at anyone who wants to understand more about what budgets are, how they are created, why they are important and what all the terminology associated with budgets means.
This course is aimed at the beginner. You do not need any pre course knowledge.
The course subject matter is explained in a practical and non technical way. Our key aim is to help you understand the process and terminology associated with budgeting. At the end of each of the course videos there are some multiple choice questions to check your knowledge embedded in the video.
We have also included a number of multiple choice questions to complete after you have seen the videos PLUS an exercise that gets you to think through the factors to include when constructing a budget.
The course is specifically aimed at non accountants who are involved in the budgeting process and want to feel more confident with what they are being asked to do. The course is also useful for those starting out on their accounting studies who want some background about budgets.
We look at:
Why we need budgets
How budgets help us to implement the Strategy of an organisation
The importance of the Profit & Loss Budget
How costs behave and how this knowledge helps us budget better
The process to construct a budget
An example of a real budget
The role of managers and owners in preparing budgets
Why budgets need updating and revising
Who Should Attend!
- This course is for people who want to understand what a budget is and why organisations create budgets. The course is aimed at people who have no pre existing knowledge of budgets.
- The course also looks at how budgets are created on a step by step basis. It explains all of the terminology associated with budgeting.
- Managers who work within a commercial or public sector organisation will gain a real understanding of the budget process and the role that they may play within it.
