Welcome to our Practice Development Consultants
PDCPDCPDC
+44 (0)7775 871 311
United Kingdom SA4 6QX
PDCPDCPDC

Budget & Budgeting

We create significant value for you on every occasion

It is essential for any business to be able to know and understand their costs and to routinely monitor them to ensure that the business objectives are being met. To be able to do this, businesses have management accounting systems and techniques which enable them to look back at historical information, specifically at the past costs incurred by the business and to look forward by budget planning for the future. Simply put, Costing keeps a track of the costs that are incurred in each stage of production, whereas budgets exercise control over where money is spent, and for what purposes money is allocated.

The course will develop your knowledge and understanding of key costing and budgeting techniques, and jargon needed by first line and middle managers to develop and improve they financial decision-making.

Workshop objectives: during the workshop you will learn how to:
Identify the benefits and importance of understanding budgets within your organisation
Understand financial terminology or jargon
Be aware of the true costs of a project, team or department
Recognise how your organisation measures financial performance
Use management accounting techniques such as costing, cash flow and budgeting, to help forecast performance, support decision making and manage budgets
Recognise how organisations identify the drivers of their financial performance
Duration 1 x workshop day or 2 x 3 hour sessions (online)
Personal Care Super Support Guaranteed

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To Know more about cost of Online Workshop and Development of bespoke Programme.