Budget preparation and management is the most time-consuming task finance teams undertake. Budgets provide a valuable and important control tool, but if misused, they will certainly contribute to dysfunctional thinking, poor shareholder value and will affect the attitude towards the accountants. A large number of organisations worldwide are embracing the philosophy of ‘beyond budgeting’, abandoning the traditional approach to budgeting and focusing on a dynamic, flexible and decentralised approach. This half-day course will teach you about this important topic in a practical and relevant way, and give you a toolkit to discuss with your finance team and really add value to your budgeting process.
• traditional budgeting and its problems
• the ‘beyond budgeting’ solution
• a practical case study illustrating the beyond budgeting story
• a more externally focused, value-based, forecasting approach.
Ian Cornelius BSc (Hons) ACA
Lecturer, Professional Training Partnership
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