Budgets and Managment Accounts for Board Members

The strategic decisions made by the Board and executives of any registered providers have a significant impact on its direction.  As such, they need to have a firm grasp of budgeting and management information to make well-informed decisions that support the organisation’s goals and financial stability. Having sound knowledge and skills in budgeting and management information is crucial for effective governance and strategic decision-making.

What will you learn? 

Resource Allocation: Budgeting is a fundamental process to ensure that resources are allocated efficiently and effectively, addressing the competing needs within the organisation.

Accountability and Oversight: Through this training, boards will gain insights into their roles in establishing their business plans, setting budgets and monitoring financial performance.

Differentiating financial and management accounts: Providing a overview of their respective roles and significance.

Goal congurence: A clear understanding of goal setting and budgeting helps the board ensure that it can achieve a myriad of objectives.

Understanding budgets and managing information successfully is not just a financial function; it is a strategic imperative for Board members and executives in registered providers, making them well-prepared to navigate the financial landscape, make informed decisions and uphold the organisation’s mission and responsibilities.

Aimed at all Board Members who do not have a financial backgroud. 

The training will be 1.5 hour, held online and will cost only £110 (plus VAT) per person.

8 May 2024 | 1:00 – 2:30 pm. Contact us to express your interest.

We are also able to offer an extended, bespoke version of this training tailored to your organisation’s position and needs. Please contact us for more details and a specific quote.