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Managing Your Budget
Preparing a budget and following it through to approval involves a lot of work. But it's only the beginning! Once approved, the budget needs careful management to ensure your plans become a reality. This process starts from day one and continues throughout the year. This course provides a structured approach for managing your budget. It shows how to: Review your budget to identify the key elements, monitor actual expenditure against budgeted figures, control costs.
Participants will acquire the knowledge and skills to:
- Identify potential problems and opportunities in your budget
- Implement controls to prevent problems arising
- Analyse and interpret information on monthly expense reports
- Respond to differences between planned and actual expenditure