Budgeting for the Public and Non Profit Sector
What you'll learn
- Understand the techniques that can be used to monitor a budget, such as variance analysis
- Understand how to control a budget, regardless of the constraints
- Understand key terms around budgeting in a non profit environment, such as commitment accounting, projecting outturns, etc.
- Manage budgets of all kinds, large or small - including revenue and capital budgets
- Understand the importance of financial management reports; their content, purpose and usefulness
- Enhance their prospects for promotion and job search success, as the ability to manage a budget is a fundamental requirement for managers in the public, government and non profit sectors
Requirements
- This course is for anyone who has responsibility for managing a budget, or provides input to the budget process, such as finance or administrative staff. No prior financial knowledge or experience is required. All that is needed is a desire to get the most value from the funds you have to manage and meet your organisation's objectives.
Description
This course will assist budget holders to monitor and control their budgets. It will focus on the importance of delivering objectives with the funds allocated, and achieving value for money. This is particularly important in organisations that face financial constraints where savings need to be made year on year, or where demand for services often outstrips the resources available.
This is a comprehensive course delivered by experts, and will provide an excellent opportunity to develop and improve skills and knowledge in this area. On completion of this course, participants can obtain Continuing Professional Development (CPD) hours/points along with a CPD certificate.
We will provide budget holders with tools and techniques to cope with the demands of budget management, particularly when they have a non-finance background. We will explain terminology, and set out best practice processes and procedures, and provide ideas to manage more difficult budgets.
The course will explain the importance of variance analysis in monitoring budgets and how to make the variances meaningful as a management tool. Other basic techniques such as commitment accounting, projecting outturns and budget drivers will also be covered.
In order to effectively manage budgets, budget holders will need accurate and complete financial management information, and we give examples of the types of report that are most helpful.
Who this course is for:
- This course is for anyone working or seeking employment in the public sector, government sector or non profit sector (such as charities and NGOs). This includes services in areas such as health; education; law enforcement; fire; the environment; culture and the arts; and so on
- Anyone with responsibility for managing a budget of any kind
- Anyone who may be given the responsibility of monitoring or controlling a budget, now or in the future
- Anyone who wishes to learn about managing budgets and achieving value for money from public funds
Course content
- Preview04:41
- 04:20What is a budget
- 03:35The monitoring process
- Preview05:21
- 03:19Monitoring income
Instructor
![HB Publications and Training International](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 3.7 Instructor Rating
- 85 Reviews
- 311 Students
- 1 Course
The main instructors are Jennifer Bean and Lascelles Hussey who are the founders and directors of HB Publications and Training International. They are Chartered Accountants and MBA graduates with over 30 years of training and consultancy experience. Their expertise is to take business principles and apply them to a public sector/ non profit environment in an easy, user-friendly, and practical way.
They have demonstrated their expertise and experience in the form of a series of management books entitled "Essential Skills for the Public Sector", titles include Managing the Devolved Budget, Finance for Non Financial Public Sector Managers, and Costing and Pricing Public Sector services.
HB Publications and Training International (HB), helps students, managers, and staff become more confident, skillful and proactive in the important areas of financial management, budgeting, planning, and fraud awareness.
We assist organisations develop a more efficient and effective workforce, able to meet financial targets and provide value for money services.
Our services are delivered worldwide through classroom training, books and e-books, online assessments, and self-development materials. Many of our courses and products have CPD accreditation, allowing the awarding of CPD points.
We have a particular expertise in the public and non-profit sectors, delivering training and consultancy services to hundreds of clients including government, local and regional authorities, health, housing, education, and many charitable and not for profit organisations.
Our training courses receive excellent feedback, such as “enjoyable”, which is how we wish our training to be perceived.