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Half Day | Max. 12 Participants
Workshop Outcomes
- Understand the importance of the budget process, the link to strategy and the role of operational managers
- With reference to strategic priorities and business objectives, determine the key drivers and assumptions for the budget
- Walk away with practical guidance on how to improve the budget process in your organisation
- The confidence to have a robust conversation with the accountant around the budget
- The confidence to present your budget proposal
Topics Covered
- Use a case study to complete a hands-on budgeting exercise
- Consider historic trends and future assumptions to practice building a budget
- Bust some myths about budgeting
- Discuss underlying principles, terminology and various approaches to budgeting
- Explore the Operational Managers role in budgeting; why you need to be involved in conjunction with the finance team
Location
- Willing to work remote
- Willing to work interstate
How can this workshop be delivered?
- Face to Face
- Virtual
Overview
This workshop is designed to equip non-financial managers with the necessary skills to prepare a budget.
It will enhance their understanding of the crucial role operational managers play in budgeting, delve into budgeting concepts, terminology, and the different methods available. Participants will then apply what they've learned through a comprehensive budgeting case study.
A budget is an essential financial management tool for all organisations. It's the numerical version of the operational business plan for the whole of organisation, division, department, project or program of works. Operational managers that are held accountable to these budgets have an important part to play in the budget process, determining key assumptions based on their in-depth business knowledge. Budgets are not just Finance's job.
Participants will walk away from this practical workshop with the confidence to have a robust conversation with the finance team about their budget.
Workshop Outcomes
- Understand the importance of the budget process, the link to strategy and the role of operational managers
- With reference to strategic priorities and business objectives, determine the key drivers and assumptions for the budget
- Walk away with practical guidance on how to improve the budget process in your organisation
- The confidence to have a robust conversation with the accountant around the budget
- The confidence to present your budget proposal
Topics Covered
- Use a case study to complete a hands-on budgeting exercise
- Consider historic trends and future assumptions to practice building a budget
- Bust some myths about budgeting
- Discuss underlying principles, terminology and various approaches to budgeting
- Explore the Operational Managers role in budgeting; why you need to be involved in conjunction with the finance team
Who is this workshop for
This workshop is aimed at non-financial managers who have budget responsibility - be it for the organisation, division, department, program of works or project, across all organisation types and sectors. Ideally participants will have had some exposure to the budget process previously and are comfortable working with numbers. In the case study participants need the numeracy skills to be able to extrapolate prior year numbers, pro-rate numbers and deduce numbers from the assumptions provided.
Whilst the preference is to limit the group size to 12 for the purpose of enhancing learning outcomes by creating a safe space, please enquire about larger groups.
Handouts/materials provided
Print your own case study workbook
What to bring
A calculator, pen, your curiosity and your questions. Come prepared for a very interactive session.
Facilitator
About the facilitator
Debbie Millard is renowned as "the friendly face of finance," characterising herself as a people person who also excels in crunching numbers. She takes pride in the fact that her vibrant personality is often seen as too lively for an accountant's role.
Debbie has earned a reputation for discussing business finances in layman's terms, demystifying accounting terms and concepts so those without a financial background can grasp them. She builds trust with her clients by keeping workshop groups small, fostering an environment where it's safe to acknowledge gaps in knowledge. Her guiding principle is that "there is no such thing as a stupid question."
Workshop attendees have noted Debbie's exceptional talent for making finance an engaging and enjoyable subject, customising the material to meet the needs of the group and helping them achieve clarity.
Debbie, a financial literacy facilitator, is skilled at working with a broad range of clients, from large corporations and government entities to non-profits and small-to-medium enterprises. Her roles as a facilitator for the Australian Institute of Company Directors, the Small Business Development Corporation, and various non-profit boards have well-prepared her for this breadth of work.
Debbie honed her skills as a chartered accountant at KPMG, grew into a Chief Financial Officer role in a large private company, served as a non-executive director and Chair for non-profits, and has been a business coach for small-to-medium enterprises.
Debbie’s clients choose to work with her because she is down to earth. They know she has got the professional qualifications and experience to add value, but they want someone who is approachable. She fits in with organisations that are values based and genuinely care about their people.
Key Expertise
- Financial literacy for Directors
- Financial literacy for Leaders
- Financial literacy for Business Owners
- Making finance fun
- Talking about numbers in a way everyone can understand
Industry Focus
- Large Corporates
- For Purpose Organisations
- Private & family business
Based in:
About the facilitator
Debbie Millard is renowned as "the friendly face of finance," characterising herself as a people person who also excels in crunching numbers. She takes pride in the fact that her vibrant personality is often seen as too lively for an accountant's role.
Debbie has earned a reputation for discussing business finances in layman's terms, demystifying accounting terms and concepts so those without a financial background can grasp them. She builds trust with her clients by keeping workshop groups small, fostering an environment where it's safe to acknowledge gaps in knowledge. Her guiding principle is that "there is no such thing as a stupid question."
Workshop attendees have noted Debbie's exceptional talent for making finance an engaging and enjoyable subject, customising the material to meet the needs of the group and helping them achieve clarity.
Debbie, a financial literacy facilitator, is skilled at working with a broad range of clients, from large corporations and government entities to non-profits and small-to-medium enterprises. Her roles as a facilitator for the Australian Institute of Company Directors, the Small Business Development Corporation, and various non-profit boards have well-prepared her for this breadth of work.
Debbie honed her skills as a chartered accountant at KPMG, grew into a Chief Financial Officer role in a large private company, served as a non-executive director and Chair for non-profits, and has been a business coach for small-to-medium enterprises.
Debbie’s clients choose to work with her because she is down to earth. They know she has got the professional qualifications and experience to add value, but they want someone who is approachable. She fits in with organisations that are values based and genuinely care about their people.
Key Expertise
- Financial literacy for Directors
- Financial literacy for Leaders
- Financial literacy for Business Owners
- Making finance fun
- Talking about numbers in a way everyone can understand
Industry Focus
- Large Corporates
- For Purpose Organisations
- Private & family business
Based in:
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