Strategic Finance and Budgeting
Budgets and Managing Money will teach participants how to make informed and intelligent financial decisions. Rather than being omitted from the process, managers who don’t have a background in finance can fully participate in budgeting decisions and exercises once they have completed this training course.
Description
For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organization’s financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table.
Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red.
This course will help you prepare budgets and make decisions with confidence.
Participants should complete Mainstream Corporate Training Accounting Skills for New Supervisors course before this workshop or have equivalent knowledge.
Course Objectives
After you complete this course, you will be able to:
- Define basic financial terminology
- Prepare a budget of any type or size
- Get your budget approved
- Perform basic ratio analysis
- Make better financial decisions
How will this Training Course be Presented?
The programme is delivered as a blended learning solution consisting of Online components of self-directed learning supplemented by virtual classroom based lectures and workshops. An Online group collaboration portal has been established enabling delegates to post and respond to questions posed by facilitators and peers.
Who is this Training Course for?
All managers, supervisors and analysts who prepare or use management budgets.
The Course Content
Module One: Course Overview
Module Two: Finance Jeopardy
Module Three: The Fundamentals of Finance
- Basic Concepts
- Generally Accepted Accounting Principles
- Your Role in Company Finances
- Identifying the Key Players in Your Organization
Module Four: The Basics of Budgeting
- Defining a Budget
- Types of Budgets
- Understanding Where Your Budget Fits In
Module Five: Parts of a Budget
Module Six: The Budgeting Process
- Overview
- Step One: Gather the Budget Package
- Step Two: Lay the Groundwork
- Case Study (Part One)
- Step Three: Identify Your Goals
- Case Study (Part Two)
- Step Four: Gathering Your Resources
- Steps Five and Six: Planning and Doing
- Case Study (Part Three)
Module Seven: Budgeting Tips and Tricks
Module Eight: Monitoring and Managing Budgets
Module Nine: Crunching the Numbers
- Understanding Ratio Analysis
- Making Connections
Module Ten: Getting Your Budget Approved
Module Eleven: Comparing Investment Opportunities
Module Twelve: ISO 9001:2008
- What is ISO 9001:2008?
- Making Connections
Module Thirteen: Directing the Peerless Data Corporation
- Task Explanation
- Decision One: Office Relocation
- Decision Two: Reproduction Backlog
- Decision Three: Improving Supervision
- Decision Four: Job Enrichment
- Decision Five: Staff Expansion
Recommended Reading List
Post-Course Assessment
Pre- and Post-Assessment Answer Keys
Personal Action Plan