Real World Budgeting

by John Taylor

Budgeting is a standard tool in most businesses, but - without care - it can have unexpected consequences and even lead to dysfunctional behaviour. This course explores the challenges of budgeting in the real world, exploring different methods of gaining a deeper insight into the pros and cons of the process.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Explain why organisations budget and what the process is meant to achieve.
  • Choose the right process for setting budgets in your organisation.
  • Develop a pragmatic approach to making traditional budgeting work in the real world.
  • Decide how and whether to adopt non-traditional approaches, such as zero-based budgeting and activity-based budgeting.

About the course

Budgeting is a standard tool in most businesses, but done without thought, it can have unexpected consequences and lead to dysfunctional behaviour.

This course looks at some standard approaches to budgeting and the problems you might experience when preparing a budget in the real world.

As you consider the pros and cons of the conventional budgeting process, and some key traditional and non-traditional approaches, you will start to understand how budgets can be a bad guide to future performance and may act as a constraint rather than an incentive.

Look inside

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Contents

  • The purpose of budgeting
    • The point of budgeting
    • What can go wrong?
    • The management process
    • Dealing with risk
    • Getting it wrong
    • Not the real story
    • Contingency Theory
  • The budgeting process
    • The importance of process
    • The budgeting process
    • Bottom up budgeting
    • Co-ordination and goal congruence
    • Management control systems
    • Types of budget
    • Incremental budgeting
    • Rolling or continuous budgets
    • Flexible budgeting
  • Preparing traditional budgets
    • Who to involve
    • The starting point
    • Limiting factors
    • Examples of limiting factors
    • Sales budget
    • The Statement of Financial Position
  • Non-traditional approaches
    • Zero-based budgeting
    • Using ZBB
    • Advantages and disadvantages of ZBB
    • Standard costing
    • Activity-based budgeting
    • Non-manufacturing businesses
    • Budgeting versus forecasting
    • Capital budgeting
    • The balanced scorecard
    • The future of budgeting

How it works

Author

John Taylor

John is a Chartered Accountant who has spent many years advising small and medium-sized businesses across the North of England. John is the author of two industry standard textbooks: Millichamp - Auditing and Forensic Accounting. He has also written several auditing textbooks for AAT courses.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your teamís needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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