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Course information

Introduction to Managing Budgets Course Outline

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, and Committee
  • Financial Terminology
  • Profit and Loss
  • Balance Sheets

Module 3: Understanding Cost

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

Module 4: Methods of Measuring Financial Performance

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

Module 5: Budgeting Techniques

  • Prioritisation
  • Incremental Budgeting
  • Zero-Based Budgeting

Module 6: Management of the Budget

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

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Who should attend this Introduction to Managing Budgets Training Course?

The 'Introduction to Managing Budgets' Course offers essential insights into Financial Management, catering to professionals seeking to enhance their financial expertise. Following is a compilation of the individuals who can gain valuable knowledge by participating in this course:

  • Financial Analysts
  • Department Heads
  • Fund Managers
  • CEOs and CFOs
  • Investors and Entrepreneurs
  • Accounting Staff
  • Project Managers

Prerequisites of the Introduction to Managing Budgets Training Course

There are no formal prerequisites for this Introduction to Managing Budgets 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 Introduction to Managing Budgets Training Course?

  • World-Class Training Sessions from Experienced Instructors
  • Managing Budgets Training Certificate
  • Digital Delegate Pack

Why choose us

Our Manchester venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Manchester is a metropolitan borough and city located in Greater Manchester, England. It has an estimated population of approximately 2.55 million citizens, making it the United Kingdom's second most populous urban area. Schools in Manchester follow the British educational system and is divided into three levels: Primary School, Secondary Schools and Higher Education. The education in Manchester is compulsory for children up until they are 16 years old. The Manchester Grammar School is one of Manchester’s notable school. It was established in 1515 and is a free Grammar School for children, aged 7 to 18 years old, who wish to attend this school, and is the largest independent day school for boys. It teaches over 1,000 students with over 200 teaching staffs. Manchester also has 3 other Grammar Schools: Withington Girls' School, Manchester High School for Girls, and William Hulme's Grammar School.

Popular searched areas in and around Manchester include:-

  • Atherton
  • Clayton
  • Denton
  • Didsbury
  • Eccles
  • Fallowfield
  • Levenshulme
  • Middleton
  • Moss Side
  • Old Trafford
  • Prestwich
  • Radcliffe
  • Stretford
  • Swinton
  • The Trafford Centre
  • Trafford Park
  • Urmston
  • Worsley
  • Wythenshawe

There are three universities in Manchester: The University of Manchester, Manchester Metropolitan University and The University of Law. The University of Manchester (uoM) is the largest full-time non-collegiate university. It was instituted in 1851 as Victoria University of Manchester and teaches over 38,000 students with 27,000 of them being undergraduates and 11,000 students doing their postgraduates. Manchester Metropolitan University (MMU) was established in 1970 and was formally known as Manchester Polytechnic; it teaches over 37 students. Manchester Metropolitan University is the second most popular university in the UK and receives over 52,000 applications each year; it is ranked fourth of the new universities in UK. The University of Law (ULaw) was established as the College of Law. It has over 16,000 students attending annually. The University of Law (ULaw) is the largest provider of vocation legal training in Europe. Manchester has notable laureates; 25 being from The University of Manchester, winning Nobel Prizes for Chemistry, Physics, Physiology and Medicine, and Economics.

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Address

City View House
5 Union Street
Manchester
M12 4JD
 

T: 01344203999

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.

This is our most popular style of learning. We run courses in 1200 locations, across 200 countries in one of our hand-picked training venues, providing the all important ‘human touch’ which may be missed in other learning styles.

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Highly experienced trainers

All our trainers are highly qualified, have 10+ years of real-world experience and will provide you with an engaging learning experience.

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

We limit our class sizes to promote better discussion and ensuring everyone has a personalized experience

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Great value for money

Get more bang for your buck! If you find your chosen course cheaper elsewhere, we’ll match it!

This is the same great training as our classroom learning but carried out at your own business premises. This is the perfect option for larger scale training requirements and means less time away from the office.

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Tailored learning experience

Our courses can be adapted to meet your individual project or business requirements regardless of scope.

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

team_building

Team building opportunity

This gives your team a great opportunity to come together, bond, and discuss, which you may not get in a standard classroom setting.

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Monitor employees progress

Keep track of your employees’ progression and performance in your own workspace.

What our customers are saying

Personal Development Training | Introduction To Managing Budgets Training in Manchester FAQs

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 Manchester starts from £895
The Knowledge Academy is the Leading global training provider 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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"...the trainer for this course was excellent. I would definitely recommend (and already have) this course to others."

Diane Gray, Shell

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