Introduction to Managing Budgets [Event Ref. No. TG4/MB]

In view of the current national and global economic situation, there can be no doubting the importance of effective budget management. In order to achieve this, a fundamental understanding of the processes and implications involved is vital. The ‘Introduction to Managing Budgets’ course is aimed at those managers or senior supervisors who are new to budget management or who would like a better understanding of the processes involved.

The course will include a briefing on finance in HE today – with specific emphasis on how recent economic changes and the recent CSR are likely to impact on us over the next few years.

The remainder of the session will concentrate on an introduction to basic elements of budget management such as:

What is meant by many of the financial terms used?
The importance of commitments
The value of costings
How to understand the implications of budget decisions

There will be a few brief hands-on exercises to help re-enforce some of the ideas discussed during the session.

This session is very much an introduction to managing budgets and will not provide a detailed explanation or guidance to the processes although there will be opportunity for questions and discussions to identify ways forward for those who are interested.

The course will be run by Sally Faith, Head of Library Administration at the University of Sussex. After 18 years service in investment banking Sally ‘saw the light’ and moved into higher education 7 years ago. Responsible for the day-to-day oversight of the £4 million annual budget at Sussex, Sally has worked with her colleagues to implement budget management procedures that have resulted in successful delivery of budgets within 0.5% for the last few years.

Venue: Room B211, Brunei Gallery, SOAS:
http://www.soas.ac.uk/visitors/location/

Please note that there are limited places available for this event.

To book a place please use our online booking form or email the administrator via cpd25@lse.ac.uk

Cost: £70 for CPD25 members and £85 for other institutions.

Cancellations less than one week before the event will be charged a 50% cancellation fee. In the event of a ‘no-show’ on the day, the full fee will be charged.