What is Budgeting and Managing Money?

Budgeting can be referred to as the process of allocating reasonable and affordable amount of finance that will be required to run a particular project or business activity. Every business has a budget. A budget is a planning of the estimated amount of money that is needed to be spent. The importance of proper budgeting is immense as it is related to coming up with an affordable budget that will keep costs low, but promise maximised revenues. Finance is referred to as the bloodline if every firm, and budgeting is a crucial part of finance. At the same time, managing money is another deeply essential organisational activity. One needs to hold a keen observation of the flow of money. The outflows and inflows of finance needs to be tracked. Moreover, managing money also comprises of actions such as, finding out how the money was spent, allocating money to repay debts, keeping track of money that is due from customers, and many other activities. Managing money is a highly convoluted process as the finance department needs to scrutinise each flow of money. Also, even minimal errors can highly cost the organisation. This course will be covering the tactics and tools needed to become wise budgeting and financial decision makers. It will also teach how to manage money effectively.

Why are Budgets Needed?

Budgeting includes the process of assimilating and recording company expenses and other finances in a matter that allows you to anticipate future costs, predict expenses, and also foresee financial factors that can shape the organisation’s operations. Budgets render a sense of direction and are needed for the following reasons:

What will you learn?

This online budgets and managing money training course will enable team leaders or managers to become effective budgeters and money managers, who can keep the organisation’s cash flow and other accounts updated and intact. This budgeting and managing money skills training course will brush upon a variety topics related to financial decision making such as:

Know more about the course.

Course Delivery: The course will be delivered online on Skill Advantage’s LMS. There will be a mix of text and videos available.
Course Price: Rs. 4,000
Access Time: 2 Months
Certification: Receive an online PDF certificate offered by Skill Advantage and Accredited by Asian College of Teachers, Asia’s biggest teacher training organisation. Hard copy of certificates can be availed for an additional charge.

Course Outline – Professional Budgets and Managing Money Training Program Outline

Who is eligible for the course?

Academic Support

Individuals participating in the Skill Advantage’s online skills and training courses will be entitled to receiving thorough and persistent support from Skill Advantage’s highly qualified academic tutors. From answering questions regarding the use of the e-learning platforms to clarifying doubts regarding certain topics, our friendly tutors will always be available to assist and further facilitate your learning experience.

Contact Details

Upgrade your Course

You can opt for a more thorough and effective learning experience by opting for additional Human Resources Management Training courses. You can create a bundle by choosing extra the following additional courses:

Prices

Buy Now Apply Now