Budgeting for Managers Course

Course Objective:

•          Recognize the principles, techniques and practices applicable to every business
•          Identify how budgeting principles, techniques and practices apply
•          Evaluate the use of your budget forms

Course content

•          Introduction
•          Assess organization  present budget, manager's budget, budget forms, pre-budgeting activity and budgeting process
•          Recognize inherent problems in the budgeting process
•          Evaluate how budget plans allow for the occurrence of inherent problems
•          Distinguish the “must” elements of planning a budget
•          Evaluate your budget plans
•          Identify and define an organization's outputs
•          Determine what controls those outputs
•          Verify the three kinds of organizational inputs
•          Integrate these inputs specifically to your organization
•          Identify costs and cost drivers
•          Prepare for uncertainty
•          Recognize assumptions as powerful tools in overcoming uncertainty
•          Determine outside environmental factors and internal uncontrollable factors
•          Provide participants with tools to effectively communicate opportunities and problems in meaningful terms to bosses, peers and subordinates
•          Recognize the three sources of budget numbers
•          Specify the key questions that must be answered before revenue forecasting
•          Recall the principles of effective cost budgeting
•          Verify the different types of capital expenditures
•          Formulate process for obtaining budget approval