{"id":313,"date":"2010-08-03T12:03:18","date_gmt":"2010-08-03T12:03:18","guid":{"rendered":"https:\/\/financial-fluency.co.uk\/wordpress\/"},"modified":"2019-06-17T23:16:00","modified_gmt":"2019-06-17T22:16:00","slug":"dynamic-budgetary-control","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/online-learning\/accountancy-and-tax\/dynamic-budgetary-control\/","title":{"rendered":"Dynamic Budgetary Control"},"content":{"rendered":"
In a rapidly changing world, the amount of time spent looking backwards needs to be reduced, to free up time to look forwards.<\/p>\n
The need now is to be proactive, forward looking, outward looking and dynamic.<\/p>\n
Dynamic Budgetary Control ensures that the budget not only provides parameters for operational controls but is a means of monitoring and influencing strategy.<\/p>\n
Most budgetary control systems in the UK were introduced in an environment in which the predominant management style was “command and compliance” to which the once-a year, for-a-year budget, expressed in the language of accounting provided a compatible approach. As the rate of change in the business environment has increased, however, this approach to budgeting has come to be seen as not only inappropriate but dangerously misleading. <\/p>\n
In this course we look at a different approach, designed to adapt to volatility and to match the increasingly prevalent “trust and commitment” style of management. It is infinitely flexible and expressed in the language of financial management.<\/p>\n Budgets should flow from strategy, not constrain it. The pressures on budgetary control should be seen in the context of the trends affecting management generally, e.g. the greater emphasis on strategy, customers, devolution, co-operation and intangibles. It recognises the importance of things that cannot be measured.<\/p>\n Dynamic Budgetary Control ensures that opportunities for enhancing the long term value of the business are considered properly and not evaluated on their short term impact.<\/p>\n \u2022\tUnderstand the major trends in the business environment, and the impact they are having on management in general and financial management in particular This course is written for accounting and finance professionals in practice and industry looking for a new approach to budgetary control.<\/p>\n \u2022\tIntroduction to dynamic budgetary control <\/a> <\/a><\/p>\n
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\nUse promo code FF101<\/strong><\/font> at checkout to receive the Financial Fluency special price<\/em>
\nUse promo code FF20<\/strong><\/span> at checkout to receive \u00a3100 discount on 5 or more courses<\/em><\/p>\n\nAt the end of this online CPD course you will be able to<\/h3>\n
\n\u2022\tEstablish a structure of control in order to embrace the making and monitoring of decisions
\n\u2022\tPromote a forward looking approach to financial management
\n\u2022\tInfluence behaviour, for example team building and clarifying cultures and values<\/p>\nKey areas covered<\/h3>\n
\n\u2022\tThe principles
\n\u2022\tExpectations
\n\u2022\tHope
\n\u2022\tFait<\/p>\nExample feedback<\/h3>\n