|  BUSINESS CHALLENGE
Budgeting is fundamental to all of us whether in our personal life or the organisation we own or are employed by.
Budgets are a common financial planning and control device. They help monitor the financial performance of an organisation and determine trends and possible reasons for them. They also help us make decisions. Every business regardless of its type should prepare accurate and detailed budgets for at least a 12-month period if it is serious.
 TARGET AUDIENCE
Managers using accounting information to monitor company performance or to plan future company operations.
Managers who require an improved understanding of financial terminology, practices and principles. Accounts staff wishing to have an overview of the full accounting process.
 LEARNING OUTCOMES
On successful completion of this programme, it is expected you will have the tools to be able to;
- Prepare simple financial statements from accounting data
- Analyse and interpret performance and financial position from financial statements
- Understand the difference between cash and accrual accounting
- Understand the main approaches used to value businesses
- Understand the basic principles of GST and its effect on accounting reports
- Understand the principles of cost accounting and apply these to different businesses
- Apply the principles of cost accounting in job costing, break-even and marginal costing situations
- Prepare and analyse budgets for the purposes of both control and future planning
- Understand the main capital expenditure evaluation techniques
 PROGRAMME STRUCTURE
Knowledge and skills are continuously built through case studies, individual practise and group exercises.
 IN-COMPANY OPTION
NZIM will partner with you to deliver a customised programme for your organisation. NZIM partner with some of New Zealand’s leading organisations, to deliver high quality learning programmes, designed to meet specific organisational needs.
 FURTHER DEVELOPMENT
- Understanding a Profit & Loss
- How to Read an Annual Report
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