This online course is packed full of content to help you understand the importance of good financial management.
Budgeting:Why we need a realistic budget; Thinking about the different types of costs; Setting budgets; Making sure it all stacks up.
Full cost recovery:Why we need to use full cost recovery; Practical use of FCR; How this can be used for costing services.
Budget monitoring and reporting:Monitoring – actual v budget; What do variances tell us; Reporting to the Board; Using budget monitoring internally.
Cashflow projections:Purpose of cashflow projections; Constructing a simple cashflow; Cashflows as an options’ appraisal tool.