2 Day Course
Budgeting in organizations has as much to do with politics as it does with setting performance targets. Managers who understand how the process works stand a better chance of getting what they ask for. This course gives you the hands-on budgeting and forecasting skills you need to enhance the financial performance of your department. You will also understand how and why budgets can be used as a motivational tool.
Who should attend:
- Managers from all functional areas who are involved in budgeting
-
Business owners
What you will learn:
- How the budgeting process works and your role in it
- How to align your budget objectives with strategic targets
- How to budget for capital expenditures
- How to use a budget as a control tool
- How to use profit planning techniques
- How to deal with the behavioral implications of budgeting
- How to get your budget approved
You will cover:
- Budgeting revenues and expenses more accurately
- Analyzing and explaining budget variances
- Preparing the different types of budgets involved in the overall budgeting process
- Preparing the cash flow budget
- Assessing capital projects using various models
- Using Activity-Based Budgeting to manage costs
- Improving budgeting accuracy using the "Rolling Budget"
- "Top Down" versus "Bottom-Up" budgeting
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All participants will receive a copy of Jason's
book |
