Effective Budgeting and Beyond

Course summary
2 days
Corporate Training for Teams
STL courses

Effective Budgeting and Beyond

Courses never cancelled. Last minute rescheduling. 24 month delegate support forum. And more... Learn how to tie strategy to effective annual budgets; Get practical tips to improve budgeting in your organisation; Identify critical success factors for your organisation; Understand how winning organisations harness the power of Balanced Scorecard; Develop Key Performance Indicators that will help you to deliver results

Suitability - Who should attend?

Any manager responsible for delivering organisational objectives and targets; managers in charge of developing frameworks for improving public or private sector performance; all managers responsible for preparing and controlling departmental budgets.

This course is an example of a selection from our financial management for non finance managers courses.

Training Course Content

Budgeting's place in the planning framework

Creating and articulating the organisation’s vision and objectives
Organisational stakeholders and balancing their objectives
The planning horizon
A framework for strategic planning
Tools for strategic analysis
Understanding and managing risk

Budgeting essentials

Linking budgets to strategic objectives
Identifying tactical objectives
Identifying constraints and the limiting budget factor
Assigning responsibility for budget objectives
Making sure objectives are integrated
People and budgets; using budgets to motivate

Practical budgeting

The budget manual
The sales budget
Overhead budgets
Capital expenditure budgeting
Cash budgeting
Preparing the master budget
Business seasonality, trends and budget phasing

Budget implementation

Monitoring financial and other data
Design of budget reports
Four golden rules for good feedback reporting

Alternatives to traditional budgeting

Zero-based budgeting
Activity based budgeting
Criticisms of conventional budgeting

Beyond budgeting

Handelsbanken case study
Using rolling forecasts instead of static budgets
Identifying key business drivers
Business modelling with Excel
Implementing rolling forecasts

Balanced Scorecard and KPI's

The four perspectives of the Balance Scorecard
The 'three step' approach to developing Balanced Scorecard
Identifying critical success factors
Using Balanced Scorecard to develop Key Performance Indicators
Aligning the KPI's with long term strategy
Practical implementation of a Balanced Scorecard
Real life examples of successful implementation


Prices from £1484. Promotional rates often available the further ahead you book. Contact us for quote.

Provider: STL

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Contact information for STL


Greater London
STL, 2nd Floor, Cruising Association House
E14 8BT 1 Northey Street

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