Budgeting & Forecasting for Non-Finance Managers

Course details

The ability to create and manage an accurate budget are crucial skills for any manager, yet rarely are managers given formal training on the tools and techniques to achieve this. This workshop-style course will cover the fundamentals of budgeting - from understanding how to build a budget from the ground up to creating a cash flow budget for control and business case appraisal.

We will examine the various techniques for building the budget - ensuring that the numbers are aligned with the operational activities required to deliver the overall business strategy. Once the budget has been created (both P&L as well as Capex), we will look at the various 'variance analysis' techniques - showing delegates how to 'read' the numbers, 'control' their business units and devise corrective action where appropriate.

We will also look at costs and revenues in detail, as well as techniques for building investment decision business cases. Finally, we will look at several forecasting techniques as well as examine the need for accurate forecasting. This will be a highly interactive workshop with a number of worked examples and case studies.