Overview 

This workshop will demystifies the budgeting process, showing how it can be used not just for controlling costs but also as a powerful tool to drive financial success, assess performance, and support informed decision-making.

 Participants will gain a practical understanding of budgeting, forecasting, and financial planning principles that can be applied immediately to strengthen their business finances and plan confidently for 2026.

Participants will:

• Gain clarity on how to use budgeted profit and loss accounts and variance analysis for planning and review
• Understand the relationship between cash flow, pricing strategy, and financial performance
• Explore methods of forecasting, including structure, format, and key variables
• Learn how to collect and use relevant data to inform budget creation and revision
• Analyse past financial data to identify trends and set realistic projections
• Develop practical strategies for managing costs and pricing effectively
• Understand how to budget and plan for sustainable profitability and growth

The programme will concentrate on:

             Identifying Year-End Business Risks and Financial Priorities

             Sensible Risk Management in Budgeting

             First Principles of Financial Planning and Budgeting

             Budgeted Profit and Loss Accounts & Variance Analysis 

             Forecasting Techniques for Year-End and the Year Ahead

             Determining, Revising and Aligning Budgets to Business Strategy

             Cost Management and Efficiency Planning

             Cash Flow Management: Planning for Peaks and Gaps

             Pricing Strategy and Profitability