Budgeting & Cost Control Training | Practical exercises

Budgeting & Cost Control Training

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Businesses often encounter financial difficulties as a result of either inadequate budgeting or errors within the compilation of the budgets.

This Budget & Cost Control training course, which is one of our Business Skills Training programmes, takes a practical approach to financial planning for the organisation and considers the compilation of budgets, how to identify potential problems arising and suggests actions which can be taken.

It also looks at ways of improving financial control using budgets, so as to avoid reduced profits and/or financial problems, providing opportunities for participants to apply the course content to practical examples.

This training course is run privately on dates to suit you at any location and we can tailor the course content to meet your goals. Call us on+44 (0)1273 622272 to discuss your needs.

Course Objectives

Our Budgeting & Cost Control course will teach you:

Basic concepts of budgeting
Budget types
Analysing variances and corrective action
Updating and Flexing the budget
Preparing the budgets and forecast
Budgeting to control costs

Who is this course for?

Administrators & financial workers looking to improve their budgeting skills and small businesses who want to take a practical approach to their finances.

Module 1: What is the purpose of a Budget?

Introduction to Budgeting
Budget Preparation
What is the Purpose?
Benefits of Budgeting
Disadvantages of Budgeting

Module 2: Key Terminology

Key Components
Budget Manual, Period, and Committee
Financial Terminology
Profit and Loss
Balance Sheets

Module 3: Understanding Cost

Concepts, Classification, and Behaviour of Cost
Patterns of Cost Behaviour
Determining the Fixed and Variable Elements of Semi-Variable Costs
Cost Variance

Module 4: Methods of Measuring Financial Performance

Basics of KPIs
Metrics, Measures, and Targets
Ratio Analysis
Analysing Trends in Financial flows
Break-Even Analysis and Contribution
Break-Even Point
The Contribution/Sales (C/S) Ratio
The Margin of Safety
Break-Even Charts
The Profit/Volume (P/V) Graph

Module 5: Budgeting Techniques

Module 6: Overall Management of the Budget

How to Build a Budget?
Budget Control Cycle
Incremental Budgeting
Zero-Based Budgeting
Framework for Budgeting
Budget Manual and Preparation
Flexible Budgeting
Budget Review

Keypoints

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Starting Price:£1095

Duration:1 Day

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Upcoming Dates

Virtual, UNITED KINGDOM

22 Fri

Nov 2024

23 Sat

Nov 2024

24 Sun

Nov 2024

25 Mon

Nov 2024

26 Tue

Nov 2024

27 Wed

Nov 2024

28 Thu

Nov 2024

29 Fri

Nov 2024

Birmingham, UNITED KINGDOM

04 Wed

Dec 2024

13 Fri

Dec 2024

17 Tue

Dec 2024

27 Fri

Dec 2024

Manchester, UNITED KINGDOM

06 Fri

Dec 2024

11 Wed

Dec 2024

23 Mon

Dec 2024

30 Mon

Dec 2024

London, UNITED KINGDOM

10 Tue

Dec 2024

20 Fri

Dec 2024

Onsite Training

Our Onsite/In-house Training method is most selected by organisations, as it allows them to train their employees at their choice of place. We can also tailor the course content to focus on your needs.

In-House Training

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Some Facts Worth Shouting About

To win in this competitive world, you need to be constantly moving forward, and Silicon Beach Training is the one that can help you. Our courses are highly engaging as we have high-quality and certified training courses for both individuals and organisations that are structured in easy to digest modules. We don't compromise on the quality of our trainers. We have:

Our Clients

With extensive experience working with large organisations, national and local government, universities, charities, SMBs and individuals we believe that no client is too big or too small. This creates a diverse atmosphere on our scheduled courses with the opportunity to discuss solutions for a wide range of problems. We excel at developing bespoke training solutions for prestigious clients including EDF Energy, Sport England and Tesco PLC.

Banco Central Do Brasil

Nationwide Building Society

EDF Energy

Sport England

Tesco PLC

Imperial College London

Imperial College London

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