Budgeting Basics

Budgeting is something all employees will be involved in to varying extents. This module explores the reasons for budgeting, how organisations budget, key budgeting terms and the steps involved in the budgeting process.

Finance for Non-Financial Managers Module

Regardless of your role within an organisation, it’s important that you understand how well it’s performing on an economic level. This module explores the basic elements of an organisation’s accounts, including how its trading activity is recorded on the Profit and Loss Statement, how those figures are then adjusted to reflect the amount of cash generated in the Cash Flow Statement and how the final numbers appear on the Balance Sheet.

Preparing your budget

This suite of short courses deals with the key aspects of budget preparation and includes:

• Doing the groundwork    
• Budget management process
• Controlling costs
• Getting the numbers right
• Getting the right format
• Handling cuts
• Monitoring expenditure
• Presenting your case
• Reviewing your budget
• Taking corrective action
• Preparing your
• Budget course test

Understanding Profit and Loss

This suite of short courses deals with the key aspects of managing profit and loss and includes:

• The Profit and Loss Account
• Costs and Revenue
• Profit in Perspective
• The Trading Statement
• Understanding Profit and Loss Course Test

Understanding Balance Sheets

This suite of short courses deals with the key aspects of working with balance sheets and includes:

• Interpreting a Balance Sheet
• Good Health
• Money to Hand
• Owning and Owing
• Presenting a Balance Sheet
• The Ever Changing Balance
• Understanding Balance Sheets Course Test

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Available with certificated CPD hours

This course is available with optional certificated Continuing Professional Development (CPD) hours from the Open College Network.

What are CPD Hours?

Undertaking Continuing Professional Development helps ensure that both academic and practical qualifications do not become out-dated or obsolete.  Obtaining certificated CPD hours means learners can demonstrate a commitment to ‘up skill’ or ‘re-skill’ themselves, regardless of occupation, age or educational level.