The basics of budgeting

Every business needs to have an eye on the money coming in and out. Planning this through budgeting is a fundamental part of sound business management.

This course will familiarise you with key budgeting principles, ensuring you’re positioned to contribute to your own plans.

This course covers:

• Vision and strategy
• Who plans and writes the budget?
• Types of budgets
  • Capital, revenue and cash
  • Capitalisation threshold
• Performance
  • Targets
  • Slack
  • Contingency
  • Budget holder's rivalry
  • Suboptimal
• Methods
  • Incremental
  • Zero based
  • Priority based
• Break even
  • Allocating overheads

When you’ve completed the course, you’ll understand:

• the theory behind effective budgeting and how it contributes to the organisation’s vision and strategy
• the different methods used to plan budgets
• potential pitfalls that you might encounter during the process of setting a budget.

This course is perfect if you're:

• running your own business and looking to improve your financial acumen
• in a non-financial role but handle budgets regularly and need a better understanding
• looking to upskill by bolstering your basic finance skills.

The basics of budgeting is a 30-minute session including video tutorials and interactive learning to test your knowledge as you learn. You can purchase this course on its own or discounted as part of the AAT Business Finance Basics bundle.

Once purchased you will be able to access the AAT Learning Portal where you'll have 12 months from the date you access the learning materials. AAT Learning Portal allows you to view all the courses you’ve purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.