Benefits of Budgeting
Employees who have had no formal financial training should attend this masterclass as it will help them to better manage operational budgets and cash flows. Being able to manage a budget is vital to making a business a success and it helps ensure always being in control. This half-day masterclass will introduce business people, without an accounting and finance background, to the essentials of how to manage budgets more effectively.
In this masterclass, delegates will learn the following:
- What a budget looks like
- Factors that influence a budget
- How to use a budget
Delivery will be via worksheets with answers to activities and online resources. Learning will also take place via group discussion, reflection on answers and the numeric based work undertaken.
0800: Registration and refreshments
0830: Masterclass commence
1200: Close and networking
This masterclass is open to Lancashire-based SMEs in the Advanced Engineering and Manufacturing sector.
This event is presented by the EnginE project, co-funded by the European Social Fund, and will give attendees the opportunity to register for workforce development support and access to funded training opportunities. Further details are available here: https://www.lancaster.ac.uk/lums/business/sme-programmes/engine/
EnginE has been co-designed by Higher Education, Further Education and industry representative partners, including Lancaster University, Blackpool & Fylde College, Blackburn College and Northern Automotive Alliance