Making Budgeting Work in the Real World Institute of Chartered Accountants of Ireland
Price: USD 137
  • Duration: 5 Hours

Course details

 

Budgeting seems so simple in the textbooks. So why does it often fail in practice? Stuart Warner explains the barriers to effective budgeting and enables learners to create and manage more successful budgets. The author's practical experience, coupled with many hours discussion of the issues in the classroom, enables him to frame the key questions and open the debate about how to create an effective and efficient budgeting process.

More about this Event

Advice from the sages of budgeting

Peer-enriched learning courses stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience. These courses are topical, practical and highly relevant to today’s changing market. Each module is split into two activities: Understanding the issues and Putting it into practice. The first encourages learners to think about a topic, drawing on their own professional experience and knowledge. The second helps learners to put ideas and/or theories into practice as part of their day-to-day work.

This course enables the learner to:

  • Choose the most appropriate budgeting method
  • Devise ways to overcome weaknesses in their current budgeting system
  • Consider ways of better communicating and presenting budgets to non-financial staff
  • Meet the varying budget preparation needs of different departments

Topics:

Things aren’t what they seem

  • Advice from the sages of budgeting
  • The budgeting cycle
  • Top down or bottom up?
  • The link between planning and budgeting
  • Organisational time and resource

Alternative budgeting systems

  • Budgeting and/or forecasting
  • Rolling versus fixed period budgeting
  • Incremental versus ZBB
  • Functional versus ABB
  • Life cycle budgeting

Issues in setting budgets

  • Approaches to forecasting budgets
  • Using spreadsheets for budgeting
  • Organisational culture
  • Non-finance budget holders
  • The participation debate
  • The perennial negotiation battle
  • Budgets as an evaluation and reward tool

Monitoring and presenting budgets

  • A suitable management tool?
  • A true measure of performance?
  • When to budget?
  • Vulnerable variances
  • Presentation pitfalls

The future of budgeting

  • Is traditional budgeting dead?
  • Living with budgets
  • Beyond budgetring. Part 1: Adaptive management
  • Beyond budgeting. Part 2: Decentralised decision making

 

Updated on 08 November, 2015

About Institute of Chartered Accountants of Ireland

Chartered Accountants Ireland (The Institute) is a membership body representing 23,000 influential members throughout the globe. their role is to educate, represent and support their members. their members work in senior positions in practice and industry. they are committed to restoring confidence at every level of the economy. they work with governments and businesses to raise awareness of the importance of sound financial advice.
Chartered Accountants Ireland was established as the Institute of Chartered Accountants in Ireland by Royal Charter in 1888. Its activities and those of its members are governed by its Bye-Laws and by Rules relating to professional and ethical conduct. These provisions are contained in the Handbook which is available to all members.
Chartered Accountants Ireland is governed by a Council and it is responsible for determining policy and monitoring its implementation. Council is lead by the Officer Group and supported by the Management Team and staff. A number of committees with voluntary member involvement also play a key role.
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