Collection: Budgeting Fundamentals and Key Drivers


Enhance and finesse your financial skills in budget development and management.

Course Overview

Understanding budget Methodology is crucial to developing a realistic and achievable budget. Join our Budgeting Fundamentals program to equip yourself with the essential expertise for scrutinising and crafting budgets that truly matter. Discover how to create budgets that bring substantial value to your organisation, moving beyond simple CPI adjustments from previous budgets.

The program also explores the key drivers of the aged care and disability business models and how they assist with the budget development process.

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What you’ll Receive

  • 3 Hour Course
  • Workbook and Handouts
  • Participation eCertificate
  • Post Course Support

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  • Online

    $299 + GST (Per Person)

Key Topics Covered

  • The budget process 
  • Understanding the building blocks in developing a budget from the bottom up 
  • Setting and understanding key performance indicators (KPIs) 
  • Understanding the key financial management reports of an aged care business 
  • Overview of financial related terminology 
  • Identifying cost drivers and how to manage them 
  • Preparing scenario-based individual resident costing and the key decisions in admitting a resident and the associated financial impact 
  • Analysing performance and using variance analysis (the difference between planned and actual numbers) to identify opportunities for improvement 
  • Understanding the lead indicators for deterioration in financial performance 
  • Actions that should be taken to ensure consistent performance 
  • How to motivate staff to take ownership of managing expenses and minimise waste 
  • How to identify and manage challenges that will influence the budgeted performance 
  • How to engage managers in owning their budget 

Who Is This Course Ideal For?

This course is ideal for financial professionals, managers or anyone eager to excel in budgeting and financial planning.