COURSE PROFILE Managing a Budget for the first time
Managing a budget for a first time can be experienced as extremely daunting. This anxiety may manifest in a range of ways that might get in the way of effective management (such as avoidance, inefficiency etc.) This course, led by a social carer and a financial manager aims to help participants understand the need for effective budget management and the principles that underpin effective financial management.
NB: Please ensure that you bring a calculator and a ruler with you.
THE COURSE OBJECTIVES:
By the end of this training participants should understand:
Why we need to work within a budget
Effective budget management
Contributing to budget development
CONTENT:
Why do we need to work within a budget?
How effective budget management impacts on the quality of the service being
offered to service users
Accountability issues
Being realistic: Considering the balance between income and expenditure
Record-Keeping: how to identify what has been spent/committed
Identifying the basic expenditure of the service that is non negotiable
Considering expenditure that would be desirable but not essential
Considering contingency issues
Expectations of the organisation
Working with a prescribed budget
Effective use of resources
Procedures for the management of a budget
Reflections and evaluation of the previous budget. What needs to be learnt.
WORKING METHODS:
Tutor presentations OHP
Handouts Case examples Discussion
Group work
Practical exercises Wordstorm method
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