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One of our training experts will be in touch shortly to go over your training requirements.

Course Information

Introduction to Managing Budgets Course Outline

This Introduction to Managing Budgets training course will cover the following modules:

Module 1: What is the Purpose of a Budget?

  • Budgeting
  • Budget Preparation
  • What is the Purpose?
  • Advantages of Budgeting
  • Limitations of Budgeting 

Module 2: Key Terminology

  • Key Components
  • Budget Manual, Period, Committee
  • Financial Terminology
  • Profit and Loss
  • Balance Sheets

Module 3: Understanding Cost

  • Cost Concepts, Classification, Behaviour.
  • Cost Behaviour Patterns
  • Determining the Fixed and Variable Elements of Semi-Variable Costs
  • Cost Variance

Module 4: Methods of Measuring Financial Performance

  • Basics of KPIs
  • Metrics, Measures, and Targets
  • Ratio Analysis
  • Analysing Trends in Financial Flows
  • Break-Even Analysis and Contribution
  • Break-Even Point
  • The Contribution/Sales (C/S) Ratio
  • The Margin of Safety
  • Break-Even Charts
  • The Profit/Volume (P/V) Graph

Module 5: Budgeting Techniques

Module 6: Overall Management of the Budget

  • How to Build a Budget?
  • Budget Control Cycle
  • Incremental Budgeting
  • Zero Budgeting
  • Zero-Based Budgeting
  • Framework for Budgeting
  • Budget Manual
  • Budget Preparation
  • Flexible Budgeting
  • Budget Review

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Who should attend this Managing Budgets Course?

This course is designed for any individual who would benefit from ascertaining a greater understanding of finance. Specifically, those who manage budget or would like to enter into a finance career that includes managing a budget.

Prerequisites

There are no prerequisites for undertaking this Introduction to Managing Budgets training course.

Introduction to Managing Budgets Course Overview

This Introduction to Managing Budgets training consists of 1 day, trainer-led cause that teaches delegate the fundamentals of managing a budget. This course will focus on budgeting techniques, understanding cost, and a range of methods that enable the measurement of financial performance. This course can be seen as an entry point into a career that includes managing a budget as it provides them with foundational knowledge within the topic and within finance.

This classroom-based course will be taught by our expert trainers who have years of experience teaching Managing Budgets courses. This course comes under the topic of Personal Development Training, which encompasses a range of courses that aim to provide delegates with an introduction to a range of fields. These include: Stress Management Training, Time Management Training, and Exceptional Customer Service Training.

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What’s Included in this Managing Budgets Course?

On this training course with The Knowledge Academy, you will be provided with:

  • The Knowledge Academy Introduction to Managing Budgets Courseware
  • Experienced Instructor
  • Certificate
  • Refreshments​​​

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Why choose us

Ways to take this course

Our easy to use Virtual platform allows you to sit the course from home with a live instructor. You will follow the same schedule as the classroom course, and will be able to interact with the trainer and other delegates.

Our fully interactive online training platform is compatible across all devices and can be accessed from anywhere, at any time. All our online courses come with a standard 90 days access that can be extended upon request. Our expert trainers are constantly on hand to help you with any questions which may arise.

What our customers are saying

Frequently asked questions

FAQ's

The purpose of managing a budget is to make a financial plan for a defined period to reduce business expenditure. It also includes resource quantities, planned sales volumes and revenues, assets, costs and expense.
Managing budget is essential in an organisation because it helps to set the standards of performance by playing a critical role in strategic planning.
In this course, delegates will learn the purpose of a budget, key terminology, methods of measuring financial performance, obtaining techniques together for the overall management of the budget which will help them to enhance their skills.
Please arrive at the venue at 8:45am.
The Knowledge Academy offer training in a variety of locations across the UK and around the world, making it easy to find a training venue near you.
There are no prerequisites for enrolling on this Introduction to Managing Budgets training course.
No, delegates do not need to take an examination to pass this Introduction to Managing Budgets course.
The price for Introduction to Managing Budgets certification in Canada starts from CAD1695
The Knowledge Academy is the Leading global training provider in the world for Introduction to Managing Budgets.

Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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