Planning is the key to an organisation achieving its goals. However, translating high-level plans into realistic and workable budgets can be a challenge.
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This financial planning course introduces the main concepts involved in the planning, implementation and monitoring of business budgets, and provides insight into important aspects of managing team budgets and financial plans including accurate reporting, monitoring and financial performance review.
This topic describes the skills and knowledge required to undertake budgeting, financial forecasting and reporting requirements, and to allocate and manage resources to achieve the required outputs for the business. It includes contributing to financial bids and estimates, allocating funds, managing budgets and reporting on financial activity.
As you progress through this course you will learn about how to research, review and analyse financial data and suitable software, prepare budget in line with company policies and procedures, how to communicate to key stakeholders to gain a buy in and how to manage risks and meet compliance requirements. You will also learn skills in financial reporting to conform with company and statutory requirements and to evaluate and make recommendations to ensure financial viability.
You will learn how to:
In addition, this course will provide you with the skills and knowledge required to analyse financial and other business information in order to prepare and monitor budgets. It requires the ability to draft and negotiate budgets, identify deviations and manage the delivery of successful budgetary performance.
As you progress through this course you will learn about the budget process and preparation, how to cost a budget and negotiate and communicate with stakeholders on reporting and financial management responsibilities and how to monitor and review budget against actual performance and make recommendations to improve future performance.
You will learn how to:
If you would like to preview this online financial planning course in more detail, click on DEMO above or call our team on 1300 611 404. You may also be interested in our How to Write a Business Plan course - click here.