Finance for Non-Financial Managers: Effective Budget Management
Overview/Description
To explain how to use budgets as an effective tool within an organization, and how to evaluate budgets
Target Audience
Managers and those within an organization involved in making business decisions with financial implications
Prerequisites
None
Expected Duration
2 Hours
Objectives:
Finance for Non-Financial Managers: Effective Budget Management
To demonstrate how to make the appropriate financial decisions to keep company spending under control
To demonstrate how a budgeting system is an essential tool to the monitoring and control of an organization's performance
To differentiate between fixed and flexible budgets and to explain how to prepare a flexible budget to monitor a company's performance
To explain variance analysis and discuss other techniques for analyzing performance
Course Number: KRF27SE