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Budgeting, Cost Control and Forecasting

New 6-hour course  |  6 CPD hours

£329 +VAT per person

£329 +VAT
per person

  • 19 & 20 July 2023
    9:30am - 12:30pm
    Book

About our online courses

At UK Training we have taken a fresh approach to online training that we're sure you will enjoy. We've taken all the best features of the classroom and replicated them online meaning you'll get the same high quality training combined with the time and money savings that come with training online.

All our online training is visually engaging, highly interactive and informative ensuring your online experience will be just as rewarding as the classroom.

Click here to view a sample of our online training

About our online courses

At UK Training we have taken a fresh approach to online training that we're sure you will enjoy. We've taken all the best features of the classroom and replicated them online meaning you'll get the same high quality training combined with the time and money savings that come with training online.

All our online training is visually engaging, highly interactive and informative ensuring your online experience will be just as rewarding as the classroom.

Click here to view a sample of our online training

This course can be presented in-house at your premises. You can find out more about our in-house training here.

If you would like to make an enquiry simply fill in the quick contact form below and a member of our in­house team will be in touch shortly.

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Home > > Budgeting, Cost Control and Forecasting

Budgeting, Cost Control and Forecasting

6-hour course

Course prices:

Online: £329 +VAT per person

Course overview

Effective budget forecasting and management is an essential part of the job for the modern-day manager, yet the techniques and methods necessary for success are often left for people to work out for themselves. As the physicist Neils Bohr said: 'Forecasting is difficult, particularly when it's about the future!'

It is very important that budget holders appreciate the function of the budget and understand how it affects the rest of the business operation and strategy. There are many established practices, processes, techniques and nuances that can only be truly understood through effective training.

This highly practical and interactive one-day course will clearly explain the purpose of the budget in controlling costs and forecasting financial and operational performance and planning.

This course will help you to:

  • Understand the purpose of budgets and their impact on the organisation
  • Appreciate the place of the budget in strategic planning
  • Understand the motivational effects of budgets and how you can apply them to your business
  • Understand how to use budgets for planning and for control
  • Develop an awareness ot the ‘true cost’
  • How to use different methodologies for budgeting and costing
  • How to think beyond the budget and adapt as financial decisions become operationalised

Who should attend?

The course is ideal for anyone in a non-financial managerial role with responsibility for managing or preparing a budget seeking a solid understanding of the key concepts of financial planning, cost-control and forecasting.

Course content

  • The function of the budget in a financial context
  • The basic principles of accounting
  • Financial Statements – a refresher
  • Strategic planning, budgeting costing and management control
  • What is a budget and its role for achieving organisational purpose
  • The different types of budget
  • Limitations of the budget
  • The master budget and its schedules
  • Motivational aspects of budgeting
  • Linkage between budgeting and costing
  • Cost terms and methodologies
  • Budgets and performance measurement as tools for communications
  • Imperative of value creation: toward value based budgeting
  • Static budget vs variable budget
  • Flexible budget variances and sales volume variances as decision making tools

Extra benefits

  • A course pack containing the information presented on the day
  • A certificate of attendance
  • Complimentary refreshments and lunch provided

Course presenters

  • David Joel

    David is a Chartered Director and has been facilitating, delivering and mentoring at senior management and director level for the last ten years in both the public and private sectors. He has also provided training and consultancy services to the Institute of Directors for 11 years and has broad practical experience of business change management and in mergers and acquisition.

Course dates

Online course dates

  • 19 & 20 July 2023 | 9:30am-12:30pm Book