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Basics of Budgeting Training Class |
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Basics of Budgeting Training Seminar
Running a department without understanding the budget process is like driving a car without knowing how to steer. Every manager needs a basic understanding of how to plan, use, and monitor adherence to a budget. Addressing the needs of your own budget process will help you support the financial processes and goals of your organization as a whole.In this course, non-financial managers will learn the concepts and techniques vital to the budget process, including: forecasting revenue and expenses; choosing the best kind of budget strategy, and progressively measuring the success of your plan through the use of variance reports.
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Price |
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$74.95
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Agenda |
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Budget Preparation Activities - recognize the value of adhering to an effective budgeting process in business. - match budget process activities with examples. - complete the preliminary activities to establish budget objectives for a hypothetical department. The Budgeting Process - recognize the benefits of using a methodical budget process. - match two budget approaches with advantages and disadvantages. - implement the most favorable budget approach for a given business scenario. - complete procedures to prepare a departmental budget that supports hypothetical company financial goals. - match budget components with examples. - identify elements used to forecast revenue and expense. - forecast profit or loss given hypothetical company budget components. Monitoring Adherence to Budgets - recognize the importance of monitoring adherence to budgets. - identify the principles of effective variance report use. - improve monitoring of budget adherence by using variance reports in a hypothetical business scenario. - match techniques for addressing revenue variances with examples. - apply appropriate techniques for addressing revenue variances to hypothetical business situations.
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Audience |
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Non-financial managers who seek an introduction to budgeting
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