Budgeting Fundamentals and Key Drivers

Want to enhance your financial skills in the budget development and management process?

Seminar Overview

Understanding budget methodology is crucial to developing a realistic and achievable budget. Our BUDG101 program helps you to develop the skills needed to analyse and develop budgets in a meaningful way that will provide greater benefit to your organisation than just adding CPI onto your last budget. 

The program also explores the key drivers of the aged care business model to assist with the budget development process. 

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Course Outline

  • Understanding the budget process

  • Setting and understanding key performance indicators

  • Understanding the key financial management reports of an aged care business

  • Overview of financial related terminology

  • Identifying cost drivers and understanding how to manage them

  • Preparing scenario based individual resident costing and the key decisions in admitting a resident and the associated financial impact

  • Understanding the building blocks in developing a budget from the bottom up

  • Analysing performance and using variance analysis 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 minimising wastage

  • How to manage and identify challenges that will influence the budgeted performance

  • How to engage managers in owning their budget

Suggested Participants

This program has been developed to enhance the skills of Facility and Care Managers, Admissions and Placement Officers, Finance and Administration Staff, Area Managers and Regional Managers.

This program will also provide a valuable insight into the aged care revenue streams for Board Members, Executive Team members, Internal and External Auditors and Financial Planners.

Seminar Cost

$249 + GST per participant



$299 + GST per participant


2021 Dates 

Tuesday, 23 November 1pm – 4pm AEDT

Program Testimonial

"It improved my understanding of the budget process and KPI management. I am now better able to ensure we develop a sustainable future." Julie, Bruce ACT

Want to enhance your budgeting skills?

Book an in-house session?

Want your whole team to attend this seminar? Contact us to enquire about an in-house training session. 

We come to you to deliver the training, we can even personalise the content to be specific to your oganisation.

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