Manage Budgets and Financial Plans

an eWord company

General Course Information In this 1 day program, participants will gain the knowledge and skills to undertake financial management within a work team in an organisation. You will learn to Ø plan and implement financial management approaches Ø supporting team members involved in aspects of financial operations Ø monitoring and controlling finances Ø reviewing and evaluating effectiveness of financial management processes in line with the financial objectives of the work team and the organisation What skills you need There are no pre-requisite skills required for this course. Electus training Electus is a South Australian company with over 20 years of experience in training.  Trainers and facilitators at Electus are chosen for their expertise, practical and broad experience in their field and a relaxed and friendly manner. Training includes Each participant receives a training reference manual/workbook and supplementary training materials.  Refreshments and lunch are provided.

Duration 1 day 9:00am - 4:30pm Who needs to come Anyone who works in a team involved with financial management. Nationally Recognised Qualification You can choose to have this course assessed towards a unit of competency for a nationally recognised qualification at the Diploma level. Regular venue 37 Angas Street Adelaide SA (near Victoria Square) How to book Contact Electus by phone: (08) 8221 5517 fax: (08) 8221 5518 email: mail@electus.com.au Course dates Visit www.electus.com.au for the latest course schedule or ring us on (08) 8221 5517.

Electus – Now offering 44 nationally recognised qualifications                                                          37 Angas Street, Adelaide SA 5000

                                                                                                                                                                                        Telephone: 08 8221 5517

                                                                                                                                                                                          Facsimile: 08 8221 5518

                                                                                                                                                                                 Email: mail@electus.com.au

                                                                                                                                                                                              www.electus.com.au

Manage Budgets and Financial Plans

Course Content

Plan Financial Management Approaches

· Access budget/financial plans for the work team

· Clarify budget/financial plans with relevant personnel within the organisation to ensure that documented outcomes are achievable, accurate and comprehensible

· Negotiate any changes required to be made to budget/financial plans with relevant personnel within the organisation

· Prepare contingency plans in the event that initial plans need to be varied

Implement Financial Management Approaches

· Disseminate relevant details of the agreed budget/financial plans to team members

· Provide support to ensure that team members can competently perform required roles associated with the management of finances

· Determine and access resources and systems to manage financial management processes within the work team

Monitor and Control Finances

· Implement processes to monitor actual expenditure and to control costs across the work team

· Monitor expenditure and costs on an agreed cyclical basis to identify cost variations and expenditure overruns

· Implement, monitor and modify contingency plans as required to maintain financial objectives

· Report on budget and expenditure in accordance with organisational protocols

Review and Evaluate Financial Management Processes

· Collect and collate for analysis, data and information on the effectiveness of financial management processes within the work team

· Analyse data and information on the effectiveness of financial management processes within the work team and identify, document and recommend any improvements to existing processes

· Implement and monitor agreed improvements in line with financial objectives of the work team and the organisation

Electus – Now offering 44 nationally recognised qualifications                                                          37 Angas Street, Adelaide SA 5000

                                                                                                                                                                                        Telephone: 08 8221 5517

                                                                                                                                                                                          Facsimile: 08 8221 5518

                                                                                                                                                                                 Email: mail@electus.com.au

                                                                                                                                                                                              www.electus.com.au