The strategic decisions made by 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 you will 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.
Further information
Thursday 25 January |1:00 pm to 2:00 pm
Our Webinars last 1 hour and are interactive, people can ask questions of the presenter and other attendees.
If you or your organisation have a Webinar subscription you will be sent a link to join this Webinar prior to the session.
Not a subscriber? Find out more here or you can also pay for one Webinar at a time contact us for more details.