Course description
The budget is used as part of the planning process in terms of setting goals, implementing activities, and the expenditure that is likely to be incurred. Formulating a budget is therefore essential to managers to help you understand how well their business is performing
A financial statement(report) is a formal record of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand
Budget Preparation and Financial reports coursewill give you a solid foundation in finance. We will cover topics like commonly used terms, financial statements, budgets, forecasting, purchasing decisions, and financial legislation.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Budget Preparation and Financial reports Training Course is ideal for:
- Accounting and financial specialists. Those who wish to understand how to interpret the financial statements of business entities, those who wish to learn the mechanics of preparing financial statements under IFRS.
- Individuals are charged with the responsibility of providing financial information about a reporting entity that is useful to users in making decisions.
- Financial accounting team members
- Financial planning and budgeting professionals
- Strategic planning and head office team members
- Corporate communication and investor relations professionals
- Investment analysts and advisers
Outcome / Qualification etc.
At the end of the Budget Preparation and Financial reports Training Course, you will be able to :
- Identify financial terminology
- Understand financial statements
- Identify how to analyse financial statements
- Understand budgets
- How to make budgeting easy
- Understand advanced forecasting techniques
- Understand how to manage the budget
- Identify How to make smart purchasing decisions
- Identify the legal aspects of finances.
Training Course Content
Day 1
Budgeting and Planning
- The Budget and the Functions of Management.
- Budget as a Planning Tool.
- Budgets and the Key Financial Statements.
- Top-Down versus Bottom-Up Process.
Day 2
Budgeting and Its Role Within the Management Process
- The Role of Budgeting within Management Accounting
- Linking Costing and Budgeting to Strategy and Performance Measurement
- The Process of Value Creation: Implications for Budgeting
- What is a budget and why costing is fundamental?
- Budgets -The Financial Expression of the Operating Plan
- Linking Financial and Operational Issues
- Behavioural Implications of Budgeting
- Case Discussion and Examples
Day 3
Designing and Presenting Effective Financial Report
- The limitations of financial reports
- Designing effective internal business reports
- Incorporating Excel graphics in internal reports
- Developing and using business dashboards
- Making effective financial presentations
- Developments in Integrated Reporting (IR)
- Integrated Reports: purpose, structure, and presentation
Day 4
Preparing Financial Reports and Notes
- Mapping the Adjusted Trial Balance to the Financial Statements
- Preparing Income Statements
- Preparing Balance Sheets
- Preparing Cash Flow Statements
- Preparing the Equity Statements
- Reading and Interpreting the Audit Opinion
Day 5
Notes to the Financial Statements
- Understanding the Requirements for the Notes
- Organization and Activities of Notes
- Basis for Preparation
- Summary of Significant Accounting Policies
- Accounting Convention
- Use of Estimates
- Completing the Financial Statements and the Notes
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...