Budgets and Managing Money
We all play a role in our organization’s financial health, whether we realize it or not and for managers in today’s business world, it’s essential to have a working knowledge of finance. If managers don’t have training or a background in finance, they may be at a disadvantage as they sit around the management table. Understanding the cycle of finance will help them better appreciate where they fit into the company’s financial structure, and how to keep their department operations within budget.
This workshop will familiarise participants with the key concepts of finance and accounting and help them prepare budgets with more confidence.
Duration – Two days
Target group
Anyone who has a role in managing the organizations or departmental finances and needs to understand how they can better contribute to the company’s financial success.
Highlights of what you will learn:
- Be able to assess the financial performance and health of an organization
- Enhance your decision-making skills by integrating financial management concepts into your thinking;
- Assess various software applications for managing finances
- Control the flow of money through their department
- Understand the budgeting process and forecasting techniques