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Finance for Non-Financial Managers: Effective Budget Management

Audience

Managers and those within an organization involved in making business decisions with financial implications

Prerequisites

None

Course Aim

To explain how to use budgets as an effective tool within an organization, and how to evaluate budgets

Learning Objectives

Monitor company performance using budgetary control systems. Understand how flexible budgets function. Evaluate budgets using variance analysis.

Topics Covered

Controlling Budgets - Control systems - Control and responsibility accounting - Methods of control Budget Performance - Using variances in a fixed budget - Using variances in a flexible budget - Creating a performance report Variance Analysis - Variance analysis - Overhead variance - Variance investigation Business Finance Simulation - Controlling spending