Budgeting and Financial Planning

Overview

Having a sound financial knowledge of a business or organisation and understanding the impact of profit and loss on performance is an essential requirement of frontline managers. This program is designed to enable managers with limited financial experience to prepare and implement financial plans and budgets.

Designed For

Frontline managers, team leaders and departmental managers and supervisors.

Content

• Budgets
  
• Resource planning
  
• Revenue and expenditure proposals
  
• Financial planning
  
• Performance measures
  
• Benefit and risk analysis
  
• Negotiating agreements of budgets and plans
  
• Communication plans
  

Learning Outcomes

• Analyse strategic and operational plans
  
• Develop revenue, expenditure and capital investment proposals
  
• Prepare business budgets
  
• Contribute meaningfully to business planning
  
• Apply traditional budgeting techniques covering capital, cash and operating budgets
  
• Prepare resource proposals including options, benefits, costs and outcomes
  
• Building commitments to budget and financial plans
  

Relationship to Accredited Training

This course meets the requirements of the following units of Competency:

• BSBFIM501A - Manage budgets and financial plans
  

This unit of competency can be used as an Elective towards qualifications within the Business Services Training Package.

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