Day 1: Finance Basics and Turning Plans into Budgets

Everyday Financial Concepts

• Understand revenue cost profit and liquidity
• Distinguish assets/liabilities at basic level
• Connect transactions with their financial effect
• Solve examples from everyday work

Reading a Financial Summary

• Identify main income and expense lines
• Compare figure with period and budget
• Ask questions when movement appears unusual
• Interpret a simple financial card

Building the Budget

• Identify activities and resources required
• Estimate cost and expected timing
• Group items under clear categories
• Prepare a monthly department budget

Day 2: Monitoring, Variance, and Taking Action

Spending Practical Monitoring

• Record commitments before invoice where appropriate
• Track remaining budget after each request
• Distinguish planned from unplanned expenditure
• Update a simple monitoring sheet

Understanding Variance Patterns

• Calculate difference between actual and budget
• Identify price or quantity-related causes
• Separate timing delay from genuine overspend
• Explain financial difference in plain language

Mini Budget Review

• Summarize current position and main risks
• Choose action to address the variance
• Identify issues requiring higher approval
• Present budget to peers for review

• Straightforward financial examples based on common work transactions
• Worksheets for building a small department budget
• Variance exercises connecting numbers with understandable causes
• A group review of a concise budget and actions