Managing Financial Budgets

Managing Financial Budgets 

Successful managers and operations professionals must have the ability to develop and implement effective budget plans to achieve the organisation’s objectives. The most successful organisations use the budget process to keep them on track to deliver realistic aims and goals.

This course will move a manager’s focus away from simply reviewing last year’s financial performance, toward the development of an interactive approach, designed to really understand financial performance and the consequence of inaction.

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WHO WOULD BENEFIT FROM THIS COURSE

• Operations managers
• Finance managers
• General managers
• Supply Chain and Procurement personnel

PARTICIPANTS WILL LEARN HOW TO:

• The confidence to use budgeting tools and techniques
• An understanding of the demands of financial management
• The ability to analyse and challenge financial and accounting
• Information
• An understanding of fixed and variable costs and how these affect the sales price and profitability
• Understanding the challenges of overhead allocation
• Understanding the P&L
• Developing awareness of fundamental investment appraisal techniques

COURSE TOPICS INCLUDE:

• Budget Definitions & Planning
• Designing and developing a budget
• Performance reporting systems & cost control
• Zero-based budgeting systems
• Understanding business costs (FC & VC)
• Understanding variance analysis
• Profit and Loss & Balance Sheet

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Satisfied Customers

“We wanted our people to be more effective in line with our strategy. We have a good relationship with the Supply Chain Academy as they understand our business. I have had great feedback from the team on how effective the course was which they used immediately.”
Perry Jackson

MITSUBISHI ELECTRIC

“The team have made real positive changes since the training day at Supply Chain Academy; the course was highly relevant, a good mix between theory and practice and colleagues appreciated the relevance of the scenarios and case study to help them take the learning and apply at work.”
Blyth Priestley

SKY TV

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Our Creative Team

Paul Stone

Paul Stone

Managing Director

Paul is an experienced Human Resources and Managing Director with a demonstrated history of working in Blue Chip multinationals, professional services, the public sector and more recently in the education management industry.

Neil Roll

Neil Roll

Operations Director

Neil has been working in senior positions within supply chain education for the past five years, following over 25 years’ of practical logistics experience in a blue chip multinational company.

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