Using a budget helps businesses make informed decisions. It gives you a greater understanding of your revenue and provides a plan for the future.
On this three-week course, you’ll delve into the benefits of budgeting as you explore why and how you should budget.
You’ll explore different approaches to budgeting, including top-down, bottom up, and periodic to understand which approach works best for your context.
To help you start to prepare a budget, it’s important to first know your sources of information.
You’ll learn which sources of information you’ll need to use in your budget as you explore the difference between data and information.
You’ll gain an understanding of management accounting and costing, and how to use it in business.
This knowledge will help you categorise costs to ensure you know how to estimate all cost elements of work within your business.
Throughout the course, you’ll be guided by the finance specialists at Kaplan.
Learning from their expertise, you’ll finish the course with the knowledge and skills to start creating insightful and accurate budgets.
This course is designed for anyone who wants to learn more about budgeting within business.
It will be particularly useful for those considering a career change into an accountancy profession, or those who wish to know more about finance.