Preparing Your Budget
Planning and submitting a budget for the first time can be a daunting task. Many of us approach our first budget with little or no formal training. It can be a nightmare! Effective budgeting is crucial to both you and your department. And because it's important, it's vital you budget properly. Too many managers make half-hearted attempts and then wonder why ACTUAL spend is nothing like expected. This course provides a structured approach for budgeting effectively, plus a range of practical tips.
Participants will acquire the knowledge and skills to:
- Understand how departmental costs impact an organisation's master budget
- Work out monthly figures for each budget item
- Justify the budget to your boss
- Limit the impact of budget cuts on your plans