Career Training >> Online Business SkillsTraining >> Online Organizational Development - OD Training >> Basics of Budgeting Training Seminar
CourseID: 5268 | Course Duration: 1 | Media: Online | CEUs: PMI PDUs 3.5
 
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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.
 
     
     
   
     
     
  Price  
  $74.95  
     
  Agenda  
  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.
 
     
  Audience  
  Non-financial managers who seek an introduction to budgeting  
     
  Media  
  Online  
     
  Renewal Price  
  0  
     
  Course Duration  
  1  
     
  Comments  
  Estimated time to complete the course: 3:30:00  
     
     
 
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