Budgeting Advanced
What is a Budget? How is it used in practice? How does it work in Lawson M3? Concept, overview, and a series of cases.
This one-day course aims to explain financial budgeting, its use in business, and implications for a software implementation. This is achieved by referring to practical examples, and then illustrating them in Lawson M3. Reference is made to other material that documents the configuration, (e.g. Companion). The participants are expected to read this material, rather than the educator going through Lawson M3, parameter by parameter.
What Does This Course Cover?
By the end of the course you should be able to understand:
· How companies perform financial budgeting, and some of the issues that can occur
· The workflow in Lawson M3, together with implications, and recommendations
This course includes the following:
· The concept of financial budgeting
· How budgets are processed in practice and some common business requirements
· The workflow in Lawson M3, demonstrated by a series of cases
· The final session reviews the practical use of financial budgeting, implications, and recommendations.
Who Should Attend?
A basic understanding of financial management is prerequisites for this course.
To be allowed to attend this course you should have taken the following courses or otherwise achieved the equivalent knowledge:
· Financial Management Introduction
· Budgeting Introduction
To benefit from this course we recommend that you have:
· 3 months experience as Financial Business Consultant
· More than 12 months experience as other Business Consultant.
  BUD 1.00 Symbol Explanation
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