Understanding Costs and Budgets

Non-financial managers need a good grasp of management accounting in order to manage costs and budgets. It is important to understand different approaches to budgeting and their appropriateness as well as the sources of information available to aid forecasting. You will also need to understand the nature and behavior of costs as well as the impact of profit drivers on performance.

Es ist mehr als nur ein Kurs.

Es ist eine Lernreise

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Excite (Begeistern)

Moderiertes Training Teil 1 (1 Tag oder 2x3 Stunden)

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Engage (Aktivieren)

Transferphase (4-6 Wochen)

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Embed (Umsetzen)

Moderiertes Training Teil 2 (1 Tag oder 2x3 Stunden)

Learning Journey

For our learning journeys we use our proven excite, engage, embed method to ensure the learning experience is engaging and the learning is sustained. The full details of the programme are shown below.

Kurscode: OV-UCB

  • This is available for individuals, groups and teams

  • half-day live session delivered virtually or in-person | 6-8 hrs on-demand learning | 30-minute coaching session (optional extra for teams)

The focus of this session is management accounting. It works through the nature and behavior of costs as well as the impact of profit drivers on performance. It looks at the different approaches to budgeting and their appropriateness as well as the sources of information available to aid forecasting.

This course is suitable for non-financial managers and anyone new to managing costs and budgets. It looks at the base knowledge needed in order to compile and manage budgets and is therefore also useful for refreshing ideas, and formalising and filling in knowledge gaps.

By the end of this course you will be able to:

  • Identify how budgets are put together in your organization and your role in the process
  • Describe how costs behave and the impact they have on your budget and performance
  • Explain the impact of the different profit drivers and the influence you can have on the bottom line
  • Define the different types of forecasting to utilize the best approach for your budget
  • Use a structured process to prepare a budget, which can be used to monitor actual costs and take action to ensure the budget is met
  • Describe the effect of prepayments and accruals and how they impact on budgets and cash flow
  • Manage financial performance, by understanding variances and knowing what action can be taken
  • Explain the need to budget for risk and how to defend budget contingencies to reduce the impact on the business

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Available for delivery to groups and teams, our bite-size learning sessions are short bursts of knowledge covering the what, why, and how of a topic, and delivered at pace. Expert-led sessions can be delivered virtually, face-to-face, or you can choose a combination, and they can be run either standalone or up to three sessions in a day.

Understanding Costs and Budgets

Understanding Costs and Budgets

Kurscode: VILT-UCB

  • 90-minute live session delivered virtually or in-person (Perfect for use as part of a blended learning programme)

  • This is available for groups and teams

  • Part of our Extended Offering

The focus of this 90-minute session is management accounting. You will work through the nature and behaviour of costs as well as the impact of profit drivers on performance. You will also explore different approaches to budgeting and their appropriateness, as well as the sources of information available to aid forecasting. This session can be a stand-alone session or as part 3 of the 'Finance for Non-Financial Managers' series.

 

This short session is suitable for non-financial managers and anyone new to managing costs and budgets. It looks at the base knowledge needed in order to compile and manage budgets and is therefore useful for refreshing ideas and formalising and filling in knowledge gaps.

By the end of this session, you will be able to:

  • Identify how budgets are put together in your organisation and your role in the process. 
  • Describe the behaviour of costs and the impact they have on your budget and performance. 
  • Explain the impact of the different profit drivers and the influence you can have on the bottom line.
  • Define the different types of forecasting to utilise the best approach for your budget
Enquire now

Expanding Your Management Accounting Knowledge

Expanding Your Management Accounting Knowledge

Kurscode: VILT-EMAK

  • 90-minute live session delivered virtually or in-person (Perfect for use as part of a blended learning programme)

  • This is available for groups and teams

  • Part of our Extended Offering

This interactive 90-minute virtual session gets participants thinking about how they put budgets together, what to include and other adjustments that need to be considered. It uses a seven-step budgeting process, to link budget to strategy and improve the negotiating position as well identifying the reasons for variances occurring and the remedial action that can be taken. Through the use of case studies and business examples you will be able to make links to the controlling and monitoring of your own budget area.

 

This short session is a good follow on from Finance for non-financial managers - Understanding costs and budgets bite-size session and the last in the series of four. Otherwise a sound knowledge of how costs behave and different types of budgets and forecasts are.

By the end of this session, you will be able to: 

  • Use a structured process to prepare a budget, which can be used to monitor actual costs and take action to ensure the budget is met. 
  • Describe the effect of prepayments and accruals and how they impact on budgets and cash flow. 
  • Manage financial performance, by understanding variances and knowing what action can be taken.
  • Explain the need to budget for risk and how to defend budget contingencies to reduce the impact on the business.
     
Enquire now
<p>Bitesize Sessions</p>

Bitesize Sessions

Sie möchten unsere Lernreise auf Ihre Bedürfnisse und Anforderungen anpassen?

Hier sind die nächsten Schritte, wenn Sie eine maßgeschneiderte Lösung wollen:

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Wir vereinbaren ein unverbindliches, virtuelles Kennlern-/Abstimmungsgespräch mit Ihnen und unseren Experten, um alle Fragen auf beiden Seiten zu klären.

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Anschließend erhalten Sie von uns ein individuelles Angebot mit Trainingsinhalten, Trainerprofil, Kosten und Terminvorschlägen.

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Ihre Veranstaltung kann starten – Wir freuen uns Ihr Team zu unterstützen!

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