Fundamentals of Budgeting
Control of the financial health of your small business starts with a good budget. It will allow you to plan ahead for future expenditures while making sure that you have all your costs under control.
Plus you will be able to see the financial impact of your decisions and be able to make adjustments to your plans to make sure that you attain your financial goals.
Fundamentals of Budgeting is ideal for credit executives, loan officers, business owners, accountants and financial & marketing managers.
Course content: elements of successful budget, major types of budgets, budget preparation checklist, reasons why budgets fail, using budgets to accomplish financial goals.
Course Content
- How and Why Budgets Are Used
- Budgeting Functions
- Budgeting and the Total Management system
- Issues Affecting the Budgeting Process
- Economic Factors in the Budgeting System
- Support of Management
- Benefits and Limitations of a Budgeting System
- Self-Study Quiz
- Establishing Budget Segments of a Business
- Accountability Centers
- Cost/Expense/Revenue Centers
- The Rule of Three
- Pareto's Law
- Current/Future Analysis
- Profit Center Concept
- Investment Center Concept
- How to Increase Budgeted Return Rates
- Self-Study Quiz
- Understanding Cost Behavior
- Types of Costs
- Breakeven Budgeting
- Breakeven Calculations
- Self-Study Quiz
- Preparing the Major Types of Budgets
- Sales Budget
- Manufacturing Budget
- Operating Budget
- Cash Budget
- Capital Expenditure Budget
- Small Business Budget
- Self-Study Quiz
- Administering the Budgeting System
- Reasons for Budgeting Failures
- Developing a Budgeting System
- Data Needed to Prepare Budgets
- Steps in Preparing Budgets
- The Budget Organization
- Summary
- Self-Study Quiz
- Budget Case Study
- ABC Company Budget
- Case Study Exercise
- ABC Company Case Study Solution
- Answers to Self-Study Questions and Glossary of Terms
For $259, this Fundamentals of Budgeting is a bargain plus your ability to prepare and administer a budget for your business will help you grow and expand.