Budget and Financial Management

This Budget and Financial Management training course is designed to enable participants to understand the links between budgets and finance and meet the increasing demand to demonstrate how their projects or departments contribute to the organization's bottom line. Real-world exercises will help participants become familiar with standard financial documents and use budgeting and estimating methods and tools more effectively, whether the goal is to stay on budget, increase cost savings, or meet specific profitability targets.

Suitability: Who Should Attend?

Finance is the fastest-growing area where senior managers seek insight, understanding, and recommendations from department staff and leaders. This course is suitable for individuals in finance and non-finance roles who aim to enhance their financial acumen and budgeting skills.

Aims of the course

The course aims to achieve the following objectives:

• Understanding the "macro" big picture and "micro" line item context and trends of finance, along with the mechanics of budget development
• Reviewing and discussing commonly used financial metrics to explore the financial impacts of operating decisions and actions, from a project to organizational level.
• Equipping participants with the skills to gather, compile, and prioritize financial data for budget development, execution, and management.

Training course content

This training course is designed to cover the following headings:

• Equipping participants with the skills to gather, compile, and prioritize financial data for budget development, execution, andprioritiseorganisationalto an management
• Successfully creating, presenting, monitoring, and managing a budget.
• Persuasively negotiating for financial resources.
• Communicating financial information and results to stakeholders, executives, colleagues, and project teams.
• Correlating budget success with its presentation in financial reports.
• Recognising the relationships between primary financial statement line items by calculating and examining relevant financial ratios