Most finance professionals in large companies are dissatisfied with budgets; they often believe too much time and resources are spent on this activity. Some even believe budgets may even be harmful to the organization, as managers engage more in game-playing rather than maximizing shareholder returns. Many believe budgets don’t deliver all that they should and suspect there must be a better way. These thoughts and ideas have led to the development of new tools and techniques, some quite radical, even proposing the complete abandonment of conventional budgets.
This program introduces some of these ideas but also develops them so that delegates can identify some practical new approaches which they can realistically take back into their own businesses.
The program also reviews emerging ideas and breakthroughs on managing and reducing costs without causing long-term damage to the business. It covers approaches to help organizations effectively delegate budgets and cost management responsibility to managers while still delivering long-term corporate strategy and customer value.
Salvo Global’s interactive masterclass uses a mixture of exercises, discussion, and real-life case studies to keep the training lively, practical, and relevant. It includes some of the latest research on good practice in budgeting and cost management.
Throughout the program, delegates will be encouraged to build an action plan, listing the positive action they are going to do when they get back to their business to make budgeting and cost management better.
This course is designed for Managers, Supervisors, General Managers, Heads, Team Leaders, Vice Presidents, Directors, CFO’s and Coordinators of:
The trainer is a finance training consultant – over the last 25 years, he has delivered engaging and interactive programmes for a wide range of organizations across Europe, Asia, Africa and the Middle East. He has even delivered finance training in the Buckingham Place.
Since 1992, he has been the Managing Consultant of Magenta Financial Training, specializing in financial training and coaching. After he started his career in accountancy and working in industry, he become a lecturer at a UK university before moving into a career in consultancy, specializing in financial and management training and coaching. He delivers training and consults widely with major organizations internationally in Europe, Middle East and Asia. He has lead training events for one person through to over one hundred. He has worked with hundreds of major “Blue Chip” organisations and trained thousands of managers at every level. He also provides confidential coaching to directors and senior executives on a one-to-one basis. The trainer has also worked as a specialist consultant to all of the major UK professional accountancy bodies and a number of leading universities in both the UK and China. He is also the author of “The Financial Times Essential Guide to Budgeting and Forecasting” (published July 2012).
His training style is involving and participative using case studies to reinforce learning. He makes the programmes interesting and practical, and makes sure delegates are able to put into practice what they have learned on their programme.
The trainer holds an honors degree from the University of Bradford Business School and is a qualified management accountant; he is an associate member of the Chartered Institute of Management Accountants (ACMA).
Some of the organizations that have benefited from his expertise include: