Budgeting Training Class

Budgeting Training Seminar

Overview:
In this course, students will learn how to describe and understand the budgeting process, identify the elements of a budget, and identify the types of budgets used within companies.

At Course Completion:
After completing this course, students will know how to: - Describe the budgeting process, identify the elements of a budget, and identify the types of budgets used within companies. - Use various budget analysis methods, and justify and receive approval for a budget. - Identify the purpose of and methods for preparing an operating budget, and describe zero-based and activity-based budgeting in detail. - Identify the components of a manufacturing budget, describe flexible budgeting, and derive useful information from a manufacturing budget through key measurements and analysis of variance. - Classify variances and use them to address performance issues, forecast budgeting periods, and formulate action plans to resolve variance issues. - Describe the purpose of capital budgeting, define its terminology, and perform discounted cash flow calculations such as future value, present value, and net present value. - Assemble and justify a capital budget, as well as evaluate and approve capital budget requests.