Working to a Budget

Course Summary

A key element of a manager’s role is to effectively control budgets and allocate funds as and when required to ensure smooth running of their departments or business. This session concentrates on showing how to apply good techniques while focussing on the needs of the Business.

Course Content

  • Understand and Prepare Budgets
  • Know How to Control Budgets
  • Be Able to Calculate Variance
  • Understand the Link to Controlling Operations
  • Link the Learning Points to a Real Life Business
  • The Customer Focus
  • Inputs and Outputs of a Business
  • Stakeholders and Investors
  • Business Needs
  • Capital and Revenue expenditure
  • Controlling Expenditure
  • Depreciation
  • Business Accounts Statement
  • Profit and Loss Accounting
  • Working Capital Management
  • Controlling Credit
  • Business Simulation Exercise
  • Material Costs and Losses
  • Labour Costs and Losses
  • Overhead Costs
  • Profit Margins
  • Cost of Sales Figures
  • Business Simulation Activity
  • Presentation to Customer of Costings
  • Feedback
Teaching and Assessment
This course combines group discussions and practical exercises. Candidates will receive a certificate upon completion of the course.

Entry Requirements

There are no set entry requirements for this course although a good command of the English language is essential.
Ways to Study
This course is usually delivered in-company and can be delivered both in-house or public for multi sector audiences
Book your Place
To book a place please click here or call us on 01495 774433

Course Particulars

Duration: 1 day
Maximum Places: 12

Talk to us about this course

If you want to know more about Maxim Business Solutions or call us on:
01495 774433
You may well be able to speak directly to one of our trainers. If not, one of them will call you within 24 hours.

Venue

The workshop will take place at Maxim Business Solutions. Suite 13, Pontsychan House, Abersychan, Pontypool, Torfaen. NP4 7BA or a venue to suit our client requirements.

Logistics

Our training days begin at 9.30 am and end at between 4.30 to 5.00pm depending on the content of the day.
The price includes all training materials, handouts, refreshments and lunch.