Keeping control of the budget is an important aspect of financial management. When done effectively, it empowers leaders and managers to achieve value for money and make well-informed business decisions.
It is critical that managers are equipped with the tools that enable them to effectively manage the budget and make business decisions. In this course we will explore effective budget monitoring practices used by educational establishments from budget profiling through to budget monitoring and out turn.
By the end of this session delegates will be able to:
- Understand principles of budget control in educational establishments
- Profile a budget to enable effective budget monitoring
- Use reports to identify budget variances
- Analyse budget out turn and recommend improvements.