When you're running a business, it's easy to focus on day-to-day problems and forget the bigger picture. However, successful businesses invest time to create and manage budgets, prepare and review business plans and regularly monitor finance and performance. Structured planning can make all the difference to the growth of a business. It enables business owners to concentrate resources on improving profits, reducing costs and increasing returns on investment.
This course will help you understand the basics of budgeting and will give you an appreciation of the process used and practical aspects of preparation.
On completion of this course, you will gain an understanding of:
- what budgeting means
- the process for budget panning and control
- the practical and administrative aspects of preparing a budget
- the behavioural implications of budgeting