Budgeting Demystified

Pricing

Cost for BPP PD Members: £248 + VAT 6 CPD Hours
(£497.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Course level

Introductory

Delegates

This is the course for those who may be approaching budgeting for the first time with trepidation or those who have been involved in day to day spreadsheet preparation and are wondering why.

Course content

This course therefore considers some of the basic principles behind budget construction. All budgeting should start right at the beginning - Why do we exist as a company? What are we actually trying to do? What will it cost to deliver it and how much should we charge for the service? To that extent we will consider the link of the strategy to decision making to the final budget preparation. We will consider the key aspects of budget compilation, cost behaviours, the pros and cons of various budgeting methods and look at such concepts as breaking even. We will consider why it might be important for your organisation to prepare a cash budget as well as an accruals based budget. Once a budget has been compiled it is very often over taken by events so it is important to have a control framework that helps budget management throughout the financial year. We will therefore consider the murky world of forecasting and variance analysis as well as considering more creative ways of presenting information to non-financial managers. This course is intended to be an interactive day with exercises and discussion to remind you of the terms, acronyms and calculations that surround the world of budgeting and the dreaded monthly management accounts!

Learning outcomes include obtaining a greater understanding of:

  • Why are we here?
  • The decision making process – from strategy to plan…
  • Budget preparation:
    • Cost behaviours
    • Different types of budget construction
    • Absorption v marginal costing
    • Mark up v margin
    • Breaking even
    • Perverse behaviour and the problem of human beings!
  • The budgeting control environment
    • The budgeting framework
    • Variance analysis
    • Forecasting
    • Presenting the information
    • Spreadsheets…

The course will also run an issues board throughout the day so if there are any best practice or technical questions that can’t be answered on the day, the answer will be found and reported to all attendees after the course.


"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."


Course Dates

Location Dates Time Availability  
London 07 Feb 2018 9:30 AM - 4:30 PM  Spaces Book Now
London 24 May 2018 9:30 AM - 4:30 PM  Spaces Book Now
London 03 Aug 2018 9:30 AM - 4:30 PM  Spaces Book Now
London 05 Nov 2018 9:30 AM - 4:30 PM  Spaces Book Now

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