An Introduction to Budgeting

Budgeting is perhaps one of the most time-consuming activities undertaken by team leaders and managers. It is imperative that they have a good understanding of how to carry out their budgeting and how it fits within the objectives of their organisation. Budgets are used throughout organisations as part of the planning and control process.

This course follows a facilitator led workshop format, with a range of interactive activities, case studies, and models, along with group work, and individual workbook exercises.

TOPIC:
The role of budgeting in the context of the business planning process

• The main methods and types of budgeting
• The fundamentals of operational and cash budgets
• Forecasting techniques
• Problems of budgeting in practice