Managing Budgets

Managing a budget can be a very challenging activity! There are always pressures on expenditure and in today’s economic climate there is the need to “do more for less” in terms of costs are concerned.

In this textbook you’ll receive a thorough grounding in terms of what budgets are and how you can manage them effectively. We’ll cover how to monitor the costs and how to forecast what you need on an ongoing basis.

Sean McPheat, the Founder and Managing Director of management development specialists, MTD Training is the author of this publication. Sean has been featured on CNN, BBC, ITV, on numerous radio stations and has contributed to many newspapers. He’s been featured in over 250 different publications as a thought leader within the management development and training industry.

MTD has been working with a wide variety of clients (both large and small) in the UK and internationally for several years.

MTD specialise in providing:

• In-house, tailor made management training courses (1-5 days duration)

• Open courses (Delivered throughout the UK at various locations)

• Management & leadership development programmes (From 5 days to 2 years)

• Corporate and executive coaching (With senior or middle managers)

MTD provide a wide range of management training courses and programmes that enable new and experienced managers to maximise their potential by gaining or refining their management and leadership skills.

Our team of highly skilled and experienced trainers and consultants have all had distinguished careers in senior management roles and bring with them a wealth of practical experience to each course. At MTD Training we will design and deliver a solution that suits your specific needs addressing the issues and requirements from your training brief that best fits your culture, learning style and ways of working.

Our programmes are delivered when and where you need them! We believe that training should be fun, highly interactive and provide “real world” practical techniques and methods that you can use back in the office – and that’s exactly what we provide.

1. Introduction
   1. Overview of the Ebook
   2. Basic Finance Terms
2. The Budget as a Policy Statement
   1. Introduction
   2. Organizational Structure and Operations
   3. Organizational Values
   4. Organizational Direction
   5. Debt and Debt Servicing
   6. Where the Organization Might Be Weakest
   7. Where the Organization is Strongest
3. Financial Information Related to the Budget
   1. Introduction
   2. Bookkeeping and the Budget
   3. Chart of Accounts
   4. The General Journal (Original Book of Entry)
   5. The General Ledger
4. Balance Sheet
   1. Introduction
   2. What a Balance Sheet Tells You
   3. What the Balance Sheet Doesn’t Tell You
5. The Income Statement
   1. Introduction
   2. Elements of the Income Statement
   3. What an Income Statement Tells You
   4. What an Income Statement Does Not Tell You
6. Cash Flow Statement
   1. Introduction
   2. Cash Flow Categories
   3. Preparing the Cash Flow Statement
7. Understanding Budgets
   1. Introduction
   2. Reading the Budget
8. Budgeting Your Project(s)
   1. Introduction
   2. Approaches to Budgeting
   3. Budget Objectives
   4. Budget Constraints
9. References