budgeting (incremental, ZBB, rolling)
appropriate budgetary control system & style.
its implications for budgeting
This course equips participants with the knowledge and practical skills required to contribute effectively to budget preparation and understand the role of budgeting within the broader corporate planning process. Students will learn how to design and implement budgetary control systems aligned with organisational objectives while developing a strong understanding of variance analysis, including the interpretation of variances, identification of root causes, and fair allocation of accountability. The course also focuses on ensuring effective performance evaluation and achieving the control objectives of a budgetary system.
Everything you need to know
The course content is basic and essential for all employees involved with and/or responsible for budget preparation within the business. It will be particularly relevant to new joiners in the budgeting function. The course is also relevant to non-financial managers who are budget-holders and small/medium-sized businesses. owners, as this will help them to appreciate the key elements of budgeting and therefore contribute effectively within the budget-setting processes of their organisations.
6 hours (this is run as 2 sessions of 3 hours each or 1 full day of 6 hours)
- The purpose of a budgetary control system
- Linking budgets with corporate strategy
- Understanding alternative types of budgeting (incremental, ZBB, rolling)
- Factors affecting the choice of an appropriate budgetary control system & style.
- Analysing cost behaviour and its implications for budgeting
- Concepts of controllability and impact on budgeting
- The importance of setting challenging targets
- Flexed budgets and their role in control
- Budgets as a control tool and the concept of variances
- Understanding variances for material, labour and sales.
- Advanced variances, including operational and planning variances.
Equip your team with financial mastery
Give your teams the ability to understand numbers, evaluate performance, and contribute to better financial decision-making. Our programmes are built to bridge knowledge gaps and strengthen financial awareness across functions.
Get started with us
Take the first step towards becoming an internationally recognised finance professional.
