This workbook looks at how budgets are prepared. We investigate the use of budgets for keeping control of expenditure and income. We examine the technical processes used in budgeting and identify the role of today’s front-line manager in budget procedures.
Target Audience
- Newly appointed team leaders or supervisors
- Anybody wanting to develop a particular management skill
These materials are designed to develop and update skills of potential, newly appointed and experienced supervisors, team leaders and managers, offering a choice of flexible, work based materials to improve individual and organisational performance.
Objectives
Describe what budgets are, and why they are prepared
Explain how a budget is used to help an organisation meet its objectives
Describe your role in preparing budgets for your own area of responsibility
Participate in the preparation of budget
Planning production
Introduction
What is a budget?
Preparing budgets
Budgets and objectives
Preparing budgets
Sales budgets
The limiting factor
Planning production
Sales budgets
Estimating sales
Zero base budgeting
Some benefits of budgets
Cash budgets
Introduction
The importance of feedback and communication
Analysing budgets
Purchases variance
Labour variance
Accountability
Controllable costs
Fixed and variable costs
Flexible budgets
More benefits of budgets
The supervisors role
The team's role
(Normally delivered within 5-10 days)
(Publisher: Select Knowledge) | 
