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.
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The program also explores the key drivers of the aged care business model to assist with the budget development process.
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.
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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.
Upcoming Dates
2024 Webinar Scheduled Date:
Thursday, 7 March - 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
*Seminar Pricing relates to face-to-face seminars that CareCFO schedules in our training calendar. Please check individual entries in the training calendar to see if they are webinars or seminars. Webinars are denoted with a green dot, seminars are denoted with a blue dot.
