Sterling Financial Training

Context and Purpose of Budgeting

Duration: Approx. 2 hours

This product is an online product and is a Single user, 1 Year licence.

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Overview:

Context and Purpose of Budgeting explains why an organization needs to plan and examines the three tiered decision-making process which enables an organization to achieve its stated mission. In addition, the purpose of budgeting within the overall planning process is explained, the two main types of budget are described, and the differences between strategic planning and budgeting are identified.

Context and Purpose of Budgeting is aimed at managers, prospective managers, and anyone else within an organisation involved in making business decisions.

Learn To:

Context and Purpose of Budgeting aims to give the learner an understanding of the context in which budgeting occurs and the types of budget that can be used.

The topics covered by Context and Purpose of Budgeting include:-

Budgeting in context

Characteristics of budgeting

External drivers of change

Strategic analysis

Objectives:

After taking Context and Purpose of Budgeting, the student will be able to:

Explain why an organization needs to plan

Define the three tiered decision-making process which enables an organization to achieve its stated mission

Differentiate between strategic planning and budgeting

Outline the purpose of budgeting within the overall planning process

Describe the two main types of budget

State what is meant by an external driver and give examples

Identify the three areas which need to be considered when undertaking a strategic analysis of the organization

Price:

~~Normal Price: £100.00 (excl. VAT)~~

Special Offer Price: £75.00 (excl. VAT)

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Online Training Course Sections:

Financial Accounts Budgeting Financial Markets Currency Trading

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