Departmental Budgeting Techniques for Non-Finance Professionals

Course Overview

Budgeting and Forecasting Manager’s role is to take decisions. In this highly competitive world understanding the financial impact of these decisions is critical. What you are today, and what you will be tomorrow is highly based upon these decisions. Performance of every manager is reflected in numbers – the bottom line. Manager, regardless of his area of operation, must show a great deal of understanding of basics tools and techniques of budgting & forecasting.
These concepts are usd in their daily planning of managers so they must be able to understand how their efforts are converted into controlling and managing costs.

Course Objectives

  • The training will help non-finance professionals grasp fundamental financial concepts, such as revenue, expenses, budgets, and financial statements. This understanding is crucial for effective budgeting.
  • To make non-finance professionals comfortable with budgeting
  • To enables non-finance professionals to use key performance indicators (KPIs) and financial metrics to evaluate their department's performance against budgeted goals.
  • To empower non-finance professionals to make informed financial decisions, such as resource allocation, investment choices, and cost-cutting measures, based on budgetary insights.
  • To continually seek ways to optimize departmental finances and processes.

Course Methodology

  • Conceptual Discussion
  • Exercises: Manual & Excel based
  • Mock sessions where participants can practice in controlled settings and receive feedback.
  • Interactive Group Discussions

Target Audience

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