Essentials - Understanding Budgeting and Finance - Managing Your Budget

Essentials - Understanding Budgeting and Finance - Managing Your Budget

Updated Nov 07, 2018

Course Content

  • Budget Management Processes
  • Reviewing Your Budget
  • Controlling Costs
  • Monitoring Expenditure
  • Taking Corrective Action
  • Including: Check my Understanding Tests and Full Course Test

Learning Objectives

Participants will acquire the knowledge and skills to:

  • Identify potential problems and opportunities in your budget 
  • Implement controls to prevent problems arising 
  • Analyse and interpret information on monthly expense reports 
  • Respond to differences between planned and actual expenditure 

Course Overview

Preparing a budget and following it through to approval involves a lot of work. But it's only the beginning! Once approved, the budget needs careful management to ensure your plans become a reality. This process starts from day one and continues throughout the year. This course provides a structured approach for managing your budget. It shows how to: Review your budget to identify the key elements, monitor actual expenditure against budgeted figures, control costs.

Course Duration

120-240 minutes