Managing Budgets in the Public and Non Profit Sector

Course details

This course will assist managers in monitoring and controlling their budgets. It will focus on the importance of delivering objectives with the funds allocated, and achieving value for money. This is particularly important for budget holders in organisations that face financial constraints where savings need to be made year on year, or where demand for services often outstrips the resources available. 

This is a comprehensive course delivered by experts, and will provide an excellent opportunity to develop and improve skills and knowledge in this area. On completion of this course, participants can obtain Continuing Professional Development (CPD) hours/points along with a CPD certificate.

We will provide manager's with tools and techniques to cope with the demands of budget management, particularly when they have a non-finance background. We will explain terminology, and set out best practice processes and procedures, and provide ideas to manage more difficult budgets. 

The course will explain the importance of variance analysis in monitoring budgets and how to make the variances meaningful as a management tool. Other basic techniques such as commitment accounting, projecting outturns and budget drivers will also be covered.

In order to effectively manage budgets, budget holders will need accurate and complete financial management information, and we give examples of the types of report that are most helpful.