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

Show moredowndown

Who should attend this Introduction to Managing Budgets Training Course?

Among the Personal Development Courses, 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 Budget Management 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

Managing Budgets effectively is a crucial skill in today’s business environment. This Personal Development Training Course introduces the fundamental aspects of budget management, emphasising its importance in strategic planning and financial control. Understanding budgeting is essential for making informed decisions and ensuring financial stability within an organisation.

Professionals in managerial, financial, and administrative roles will find this skill particularly beneficial. Effective budget management is key for Project Managers, Department Heads, and Finance Professionals, enabling them to oversee resources efficiently, meet organisational objectives, and contribute to overall financial health.

The Knowledge Academy’s 1-day Introduction to Managing Budgets Course offers practical insights into the budgeting process. Concepts like budget preparation, analysis, and monitoring are covered via the Personal Development Courses.

Course Objectives:

  • To understand the principles of budgeting and financial planning
  • To learn the process of creating and managing a budget
  • To develop skills in analysing financial performance against budgets
  • To gain insights into cost control and resource allocation
  • To enhance the ability to forecast financial needs and trends
  • To cultivate decision-making skills based on budgetary information

Delegates completing this Budget Management Course will gain foundational knowledge in managing budgets. They will be better equipped to handle financial responsibilities, make informed decisions, and contribute to the financial success of their organisations.

 

Show moredowndown

What’s included in this Introduction to Managing Budgets Training Course?

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

Why choose us

Our Milton Keynes 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.

Milton Keynes is a large town located in Buckinghamshire, England. It is in the centre of the Borough of Milton Keynes and is located about 45 miles (72 km) north-west of London. Milton Keynes currently has an estimated population of over 200,000 residents inhabiting the city; it increased from 53,000 in 1961. Schools in Milton Keynes follow the British educational Tripartite System which is divided into three levels: Primary School, Secondary Schools and Higher Education. The education in Milton Keynes is compulsory for children up until they are 16 years old. The city offers over 80 state schools which are Comprehensive School including Stantonbury Campus and Denbigh School, as well as Grammar Schools. The city also includes Private Schools, Webber Independent School, which is a mixes school for children from the ages of 3 to 18 years old, and the Milton Keynes Preparatory School which is also a mixed schools forma age 2 ½ years old to 11 years old. Milton Keynes also offers Special Schools and Alternative Schools for children living in the city including The Redway School and White Spire School. There are four independent Primary and Preparatory Schools including: Broughton Manor Preparatory School, Walton Pre Preparatory School, Milton Keynes Preparatory School, and the Grove School.

Popular searched areas in and around Milton Keynes include:-

  • Bletchley
  • Brooklands
  • Broughton
  • Kingston
  • Loughton
  • Middleton
  • Nash
  • Northfield
  • Salford
  • Simpson
  • Springfield
  • Stonebridge
  • Stony Stratford
  • Thornton
  • Walnut Tree
  • Walton
  • Walton Hall
  • Woburn
  • Wolverton

Milton Keynes is home to The Open University's (OU) headquarters which is situated in the Walton Hall district. It is a public university and was established in 1969 and has nearly 170,000 students; with 156,000 undertaking their undergraduate degrees and 11,000 doing their postgraduates. The Open University has study off-campuses based all over the UK and all over the world. There are many notable current and former academics including astronomer Jocelyn Bell Burnell, editor of Red Pepper magazine Hilary Wainwright, discourse analyst, social psychologist Margaret Wetherell, and space scientist John Zarnecki. Open University's (OU) also has over two million alumni that attended the university. Milton Keynes is notable for its world-famous architect Sir Norman Foster in designing the city as well as the Foster's Beanhill housing scheme.

Show moredown

Address

Milton Keynes

T: 01344203999

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Personal Development Training | Introduction To Managing Budgets Training in Milton Keynes. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Personal Development Training | Introduction To Managing Budgets Training in Milton Keynes, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's Personal Development Training | Introduction To Managing Budgets Training in Milton Keynes. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Personal Development Training | Introduction To Managing Budgets Training in Milton Keynes sessions.

best_trainers

Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

venues

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

small_classes

Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

value_for_money

Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

tailored_learning_experience

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

budget

Maximise your training budget

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

team_building

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

monitor_progress

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

Personal Development Training | Introduction To Managing Budgets Training in Milton Keynes FAQs

Budget Management is the process of planning, organising, tracking, and controlling an organisation's financial resources. It involves allocating funds to various departments or projects, monitoring expenses, and making adjustments to ensure financial goals are met efficiently and effectively, all while maintaining the financial health of the organisation.
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 budgets is essential in an organisation because it helps to set the standards of performance by playing a critical role in strategic planning.
A Budget Management Course offers numerous benefits, including enhanced financial planning and analysis skills, improved decision-making based on financial insights, and the ability to allocate resources efficiently.
There are no prerequisites for this Introduction to Managing Budgets Training Course.
This Budget Management Course includes world-class training sessions from experienced instructors, a Managing Budgets Certificate, and a digital delegate pack.
The duration of this Budget Management Course is 1 day.
In this Introduction to Managing Budgets Course, you will learn key techniques for effective budget planning, monitoring, and control. The course covers budget formulation, allocation strategies, cost management, financial forecasting, and variance analysis, equipping you with skills to manage budgets efficiently and make informed financial decisions for your organisation.
After completing the Budget Management Course, individuals can explore various career opportunities such as Project Coordinator, Junior Project Manager, Team Leader, Project Support Officer, and Assistant Project Manager. This qualification enhances their ability to take on challenging roles in Project Management across diverse industries.
The training fees for Introduction to Managing Budgets certification in Milton Keynes starts from £995
The Knowledge Academy is the Leading global training provider for Introduction to Managing Budgets.
Show more down

Why choose us

icon

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.

icon

Many delivery methods

Flexible delivery methods are available depending on your learning style.

icon

High quality resources

Resources are included for a comprehensive learning experience.

barclays Logo
deloitte Logo
Thames Water Logo

"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

santander logo
bmw Logo
Google Logo

Looking for more information on Personal Development Courses?

backBack to course information

Get a custom course package

We may not have any package deals available including this course. If you enquire or give us a call on 01344203999 and speak to our training experts, we should be able to help you with your requirements.

cross

OUR BIGGEST SPRING SALE!

Special Discounts

red-starWHO WILL BE FUNDING THE COURSE?

close

close

Thank you for your enquiry!

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

close

close

Press esc to close

close close

Back to course information

Thank you for your enquiry!

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

close close

Thank you for your enquiry!

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