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| Based on SAQA's Unit Standard ID 242810 NQF Level 4, 5 Credits
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This course equips learners with the skills
and confidence to understand the concept of
budgeting in an organisation. Learners will
learn how to present a proposed budget and
how to monitor and control actual expenses
and revenue against projected expenses and
revenue. This course is highly empowering,
informative and fun!
Course Objectives
- Understanding the concept of budgeting
in a business unit
- Understanding the various elements of a
budget
- Analysing budget needs at a
departmental level
- Developing an understanding of the
budgeting process
- Working more productively with
colleagues from the finance department
- Preparing and monitoring a budget
- Utilising budgets for monitoring
performance and identifying cost savings
in your department
Course Designed For
Any team leader, supervisor, line manager or
office professional responsible for managing
or planning to manage an event, department
or organisation budget.
Course Outline
Demystifying the concept of budgeting
- Understanding the concept of a budget
focussing on income and expenditure
- Identifying items that make up gross
revenue
- Listing expenditure with reference to
cost of sales and cash outflows
- Understanding various budgeting
techniques using worked examples
Analysing Budget Needs
- Identifying the elements of the budget
and the resources required to meet your
objectives
- Utilising past budgets as a forecast tool
- Applying the concept of zero-based
budgeting
- Identifying internal and external
constraints on a budget with reference to
planned activities, available resources,
market size and unpredictable changes
Monitoring and controlling actual vs
projected expenses and revenue
- Ensuring budget items are recorded
correctly
- Analysing variance reports and proposing
corrective measures
- Providing feedback on actual versus
projected income and expenses
- Projecting future activities and amending
the budget to accommodate any changes
- Proposing control systems to manage
revenue and expenses and variances
Course duration
Two days
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