The purpose of this module is for you to understand how budget construction and control are used to manage performance, review performance, and put together a financial case for a new project.
On completion of this module, you will be able to:
- Explain and apply the financial concepts use to inform management decisions
- Review an organisation’s financial planning process and recommend improvements
- Measure and monitor financial performance using a range of evaluation techniques
This module will cover budget planning and preparation; responsibilities of budget holders; budgetary control, organisation and administration; variance analysis and corrective actions; cost analysis, revenue, capital expenditure and break-even analysis; financial evaluation techniques; revenue expenditure recommendations; and presenting financial information.
There is no requirement to have completed our Practice Finance I module before taking Practice Finance II. The modules are self-contained and cover different aspects of practice finance.
The course consists of preparatory work, a live interactive workshop, self-directed online learning, and real-world coursework exercises to bring your new knowledge and skills to life. On completion, you will receive a CPD certificate verifying 25 hours of CPD.