Essentials - Understanding Budgeting and Finance - Managing Your Budget

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