Online - All things financial: budgeting and sound financial management
Starts21st January 2021 10:00Ends21st January 2021 13:00TrainerPamela RedpathContactCost
SCVO members £59, Third sector non member £65, Private/Public £75
- Course overview
This online course withPamela Redpathwill look athow to make sure you are getting the financial planning right internally – setting realistic project and organisational budgets, which cover full costs of service delivery, monitoring budgets and how to recognise when to take corrective action.
It can be studied as a standalone course or in conjunction with the two otherAll things financial courses -Book all 3 courses, get the 3rdhalf price!
- Overall course aim
The aim of this online course is to look at setting project and organisational budgets, which are realistic and cover full costs of service delivery. It will also look at how to monitor budgets and recognise when to take corrective action.
- Course objectives
This online course is packed full of content to help you understand the importance of good financial management.
Budgeting:Why we need a realistic budget; Thinking about the different types of costs; Setting budgets; Making sure it all stacks up.
Full cost recovery:Why we need to use full cost recovery; Practical use of FCR; How this can be used for costing services.
Budget monitoring and reporting:Monitoring – actual v budget; What do variances tell us; Reporting to the Board; Using budget monitoring internally.
Cashflow projections:Purpose of cashflow projections; Constructing a simple cashflow; Cashflows as an options’ appraisal tool.
- Who is the course aimed at?
This course is aimed at people requiring an introduction to the principles of budgeting and financial management, in addition to the basic technical knowledge and skills to implement these principles.
- Entry requirements
There are no formal entry requirements.
- Other information
Course format:3 hour session,which isbroken into segments with time to recap on the main points and an opportunity for questions. At the end of the session there will be time for final points and questions.
- Previous delegate comments
- •"Very knowledgeable and useful to hear from someone with charity accounting experience." •"Pamela's knowledge is excellent and she was able to answer every questions thrown at her."
Please note this course is now fully booked!