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Budget Management for the Public Sector - CPD Course

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Location

One Moorgate Place

1 Moorgate Place

London

EC2R 6EA

United Kingdom

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Refund Policy

Refunds up to 30 days before event

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Description

Description

This one day course is targeted at public sector managers (and those working in a non-profit environment) who have to take budget and financial management extremely seriously, particularly in the current climate of budget reductions and increasing demands on public sector services. Budget Management is now an integral part of general service management and therefore required across all areas of service within the public sector. It is increasingly becoming an essential knowledge area for many management positions.

Programme Aims

  • To improve the financial competence of learners in the area of budget setting, management and control.
  • To enhance both the underpinning knowledge of the subject and the ability to practically implement budget management techniques.
  • To advance the participants skills and abilities, and increase their effectiveness in their current or future job roles.

Programme Objectives

  • To ensure that learners understand the importance of budget setting as fundamental to managing budgets
  • To provide information on the different techniques and approaches to preparing and setting budgets, and how they should be applied
  • To ensure learners understand budget drivers and how they impact on the budget setting process
  • To give learners an opportunity to experience the budget setting process by undertaking exercises
  • To encourage learners to be involved in the budget setting process within their own organisations by setting self-development activities
  • To provide learners with information on budget monitoring and control techniques, including key areas such as variance analysis and projecting outturns, which will enable them to be effective in managing a budget
  • To ensure learners understand the difference between budgetary control and cost control using illustrations
  • To give learners an opportunity to use their knowledge to undertake exercises in budget analysis, budget monitoring, and decision making to control budgets
  • To encourage learners to be involved in controlling budgets in their own organisations with self development activities

About the Trainers: Lascelles Hussey and Jennifer Bean

They are both Chartered Accountants, and hold Masters in Business Administration. They are the Directors of HB Consulting and HB Publications and have over 25 years’ experience in developing and delivering financial training programmes to the public sector. They are the authors of the “Essential Skills for the Public Sector” series of books which includes "Managing the Devolved Budget".

They look forward to sharing their skills and expertise with the course participants.

COURSE CONTENT

Budget Setting

  • Definition of a Budget
  • Budget Setting Process
  • Budget Setting Techniques
  • Budget setting assumptions
  • Demand led budgets
  • Profiling Budgets
  • Forecasting Income
  • Key to Successful Budgeting

Budget Management

  • Principles of Budget Monitoring
  • Steps in the Monitoring Process
  • Establishing Actual Income and Expenditure
  • Commitment Accounting
  • Variance Analysis
  • Calculating Variances
  • Reasons for Variances
  • What to do about Variances
  • Projecting Outturns
  • Monthly Monitoring Routines

Budgetary Control

  • Budget Control Drivers
  • Uncontrollable Variances
  • Taking Action to Control Budgets
  • Budget Virement
  • Budgetary Control reports
  • Budgetary Control v Cost Control
  • Responsibility for Budget Management

This course will include:

  • A copy of our book “Managing the Devolved Budget
  • Course Notes
  • Illustrations/Case Studies/Practice Exercises
  • Trainer-led PowerPoint presentations
  • A CPD Certificate

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Location

One Moorgate Place

1 Moorgate Place

London

EC2R 6EA

United Kingdom

View Map

Refund Policy

Refunds up to 30 days before event

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