Learning outcomes:
By the end of the course, delegates will:
· Understand the purpose of budgeting and the impact of fiscal constraints
· Appreciate the importance of managing budgets effectively
· Gain awareness of the current financial environment affecting organisations
· Learn key budgeting terminology
· Understand the role of central finance functions in the budgeting process
· Understand the responsibilities of a budget holder, including stewardship, influencing, and enabling
· Recognise budget restrictions and common poor budgeting behaviours
· Understand the difference between budgeting and forecasting
· Understand budget profiling and common issues that arise