Course description
Being responsible for budgeting means you’re playing a vital role in your organization’s future. Your budget enables you to pinpoint critical variables that impact profit so your company can successfully pursue business goals and create value. Learn how to work with, develop, and present budgets aligned with business strategic goals.
In this workshop, you will learn how to work with, develop, and present budgets aligned with business strategic goals. Working in groups, you’ll gather the information you need to construct and analyze operating budgets. You’ll practice evaluating and revising your budget to increase its chances of acceptance. This is your opportunity to gain the tools and insights to craft the budget your company needs to overcome obstacles and achieve success.
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Who should attend?
Managers and anyone with budget responsibilities who are interested in developing or improving their budget planning skills.
Training content
- Understand the definition, purpose, and components of a budget
- Overview of the planning and budgeting process
- Accurately develop an operating budget based on forecasted sales, revenues, and costs
- Work with a well-planned budget that clearly highlights crucial variables that impact profit
- Know the line items on the income statement, including their metrics and interdependencies
- Define and analyze variances so you can quickly implement changes to meet your company’s financial objectives
- Develop and present a well-thought-out budget that will get buy-in
- Keep your plan on target with budgetary controls
- Learn the difference between operating budget vs. capital budget
- Address issues and challenges when dealing with assumptions and targets
- Organize and deliver your operating budget for feedback and final approval
- Obtain tips, guidelines, and recommendations for developing and presenting your budget
- Know exactly which variances to address to plan for next year’s budget
Course delivery details
Course Date and Time :- November 18-19, 2021 | 8:30am-12:00pm
Online Seminars All online seminars are hosted in real-time via. Zoom. Be prepared to participate with your class in discussion with your instructor. If you have not used Zoom or would like to learn more, please visit Getting Started with Zoom.
Scheduling All online seminars will be held across two-consecutive days from either 8:30-12:00 or 1:00-4:00 CST.
Costs
The fee is $350 (USD).
Certification / Credits
Certificate of participation.
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