AAT and The Skills Network launch joint venture to better support managers with budgeting needs
4 March 2019
AAT has launched a new joint venture with The Skills Network (TSN), to support managers across all sectors who have no formal financial training to better manage operational budgets and cash flows.
In response to a national financial skills shortage, AAT and TSN have worked together to develop a series of online learning content that is designed to support organisations in helping those managers without any accounting experience perform key financial tasks. The initiative hopes to promote a crucial understanding of costing, estimating and budgeting.
With a focus on online budgeting training, the venture hopes to allow staff to upskill in budgeting in their own time, either at home or in work, without needing to attend work-based training, attend a college or take time out of work.
Steven Drew, Head of Markets and Products at AAT, said:
Being able to manage a budget is vital to making a business a success, helping to ensure that you’re always aware of your finances and in control.
While its difficult if you haven’t had any previous training, AAT research has shown that small businesses can lose thousands of pounds each year due to processes being managed by people without financial acumen. This course has been designed to give anyone who has to manage a budget at work or as part of running their own business, the confidence and knowledge to do so.
James Earl, Director of Education at The Skills Network, said:
We’re delighted to be working with AAT on this project, not only because they are one of the most reputable organisations in the financial marketplace, but because they share our vision of making learning more innovative and accessible.
Giving employers a more flexible option to train their staff is a growing trend across learning and development and we’re excited to see this product create a positive impact across the UK.
