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Budget and Financial Management Training

About This Course

Finance is the fastest-growing area where executives/leaders expect department staff and managers to provide insight, expertise, and solutions. Many people struggle to demonstrate to top managers how their projects or departments contribute to the organization’s bottom line because they don’t comprehend the fundamental links between budgets and finance.

This Budget and Financial Management training course will teach you how to grasp the “big picture” of finance, the “micro” line item context and trends, as well as the mechanics of budget preparation.

It will provide you with the knowledge and resources you need to make smart financial decisions for your company. Hands-on activities will help you become more familiar with typical financial documents and utilize budgeting and costing methods and tools successfully, whether your aim is to remain under budget, enhance overall cost reductions, or accomplish particular profitability targets.

Learning Objectives

To better understand how finance and accounting affect management choices
To successfully design, present, monitor, and manage a budget, ask the proper questions.
Negotiate for financial resources through persuasion.
Exchange financial data and outcomes with stakeholders, executives, coworkers, and project teams.
Calculate the success of a budget by looking at how it's presented in financial reports.
Recognize the links between main financial statement line items by computing and analyzing relevant financial ratios.

Requirements

  • For a smooth learning experience (Online Courses), participants must have basic computer skills and a computer with a reliable Internet connection and speakers.
  • Participants are expected to have a basic knowledge of procurement practices in the public or private sector and a solid command of the English language.

Target Audience

  • Every process owner who needs a deeper understanding of integrated planning and financial methods
  • Professionals who wish to get additional information about financial management and budgeting
  • Anybody with direct responsibility for planning and budgeting, managers, holders of the budget, consultants, accountants and consultants

Curriculum

Section One: Strategic Focus And Drivers

Identifying And Examining Strategy
Business Trends
Mergers And Acquisitions
Aggressive Asset Management
Outsourcing
Legislative And Regulatory Scrutiny
Balanced Scorecard
Managing Stakeholder Expectations
Identify And Analyze Stakeholders
Getting Buy-In

Section Two: The Basics of Finance

Section Three: Budgeting Skills

Section Four: Presenting Budget to Decision Makers

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