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Budgeting, Reporting and Decision Making for Non-Financial Managers

This budgeting, reporting and decision making course is designed for all levels of non-finance managers, from the new starters to the experienced manager, looking for hints and tips to hone existing skills. The modern business environment is fast paced and built around numbers, demanding that people are able to analyse situations, make sound decisions and report concisely and accurately. Many managers face the need to work and re-work forecasts and budgets regularly, meaning that they need to be efficient and sure footed in this area. The emphasis of this one day course is on pragmatic tools and techniques to enhance budgeting, reporting and decision making abilities, to ease the workload.

This course suits:

Any non-finance manager, supervisor or professional who is responsible for forecasting, budgeting, controlling, reporting and making decisions with a finance oriented aspect.  Each manager will benefit from discovering or refreshing skills that are vital in today’s working environment. With the challenges of operating in turbulent business environments, making the right decisions has never been more important.

Select specific date to see price, venue and full details.

Learning Objectives

  • Explain the difference between financial and management accounts
  • Recognise the key financial reports and key financial terms/ratios
  • Describe how to produce forecasts and  budgets
  • Discuss how to control performance and produce reports
  • Assess and apply different methods of decision making

Course Content

Introduction-  09:30-09:45

Coffee and course objectives

Finance First Principles - 09:45-11:00

The rationale for financial control, financial v management accounts, operating v capital expenses, the Balance Sheet, the Profit and Loss Account, the Cash Flow Statement, key financial rations and key finance terminology

Break 1 - 11:00-11:15

Decision Making - 11:15-12:30

Decision trade-offs, different types of problems, the SCAR framework for dealing with problems, empirical evidence, data based investigation, quantitative and qualitative data, inductive and deductive logic, Expected Monetary Value, chain linked problems and calculating opportunity cost

Lunch - 12:30-13:30

Forecasting and Budgeting - 13:30-14:45

Expert judgment, quantitative forecasting, straight line forecasting, moving average forecasts, capacity forecasting, range forecasting and budgeting

Break 2 - 14:45-15:00

Controlling and Reporting - 15:00-16:30

The Plan-Do-Check-Act cycle, the art of controlling, typical planning and control tasks, key considerations in planning and control systems, interactions with supply and demand, resource loading, types of report, full v exceptional reporting and summary reporting

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