Budgeting for Non-Finance Managers

This course is designed to help ‘demystify’ the world of financial budgeting, accounting and provide delegates with skills and knowledge to understand the impact of a departmental budget.

Understand finance terminology, underlying principles and the basic principles of successful budgeting.  Be better equipped to make informed decisions and understand how to analyse budgets and suggest potential corrective action required. Participants experience how their own actions contribute to the organisation’s top and bottom lines.

Open to all employees who could benefit from developing their understanding of how finance impacts their role and their business area. 

Objectives

• Explain basic principles and terminology of finance.
• Be able to ask appropriate questions and understand the answers.
• Achieve better communication and working relationship between Finance and Line Managers.
• Budgeting for income/expenditure and cashflow.
• Effectively monitor and control a budget.
• Explain the differences between income/expenditure, cash and capital budgets
• Exploring the different types of costs
• Differences between capital expenditure and operational expenditure budgets
• What finance do and what budget managers do

 Training outcomes

• To be better informed of the budgeting process
• To build your confidence when it comes to reading/analysing financial information
• Better understand what is required of a budget manager
• Know the information your accountant or finance department send to you, instead of just putting it to the side and fully trusting them
• To understand the story of the financials of an organisation
• To know how to converse better with finance professionals

This course is ideal for professionals who are involved in budgeting, financial planning, or managing resources, but who may not have a formal finance background. It is particularly beneficial for:

• Line managers and team leaders with budget responsibilities
• Department heads and operational managers responsible for monitoring expenditure
• Project and programme managers overseeing financial performance and forecasting
• Public sector and not-for-profit professionals seeking greater confidence in finance terminology and processes
• Administrators, coordinators, and officers who work closely with finance teams
• Newly appointed budget holders or aspiring managers looking to strengthen their financial understanding
• Professionals who want to improve communication and working relationships with finance departments
• Anyone seeking practical knowledge of budgeting, forecasting, financial statements, and cost management to support better decision-making

No prior financial qualifications are required. The course is designed to make finance accessible, practical, and relevant to day-to-day organisational responsibilities.