BUDGETING SKILLS FOR PROFESSIONALS
In this seminar you'll learn...
The financial terms, phrases and budgeting concepts you need
How to turn your budget into the forecasting tool it should be
Proven ways to create "lean and mean" budgets ... without limiting your financial resources
The keys to absorbing those "surprise" expenses into your budget
And much more
Your ability to handle "the numbers" is one of the most important business skills you can possess. And that´s where this workshop comes in. We´ll show you how to focus quickly on the figures that matter most ... how to present your budgets in sound financial terms ... how to use your budget as a powerful forecasting tool ... how to make budgets a key to strategic planning and decision making ... and much more. Turn budgeting into a dynamic goal-setting process rather than a dreaded chore ... attend today!
WORKSHOP AGENDA
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Program hours: 9:00 a.m. – 4:00 p.m.
Budgeting basics made easy
The advantages to good budgeting
Why budget in the first place? What to expect if you don´t
Understand and follow your company´s budgeting guidelines
How to use your organization´s budgeting strategy to build your own budget
When and why you might not want to budget
5 features found in every effective budget
Common budgeting mistakes ... and how to avoid them from the start
Budgeting words, phrases and concepts
Budget tools and how to use them
How to base your operations budget on unit-cost measures
Tap one of the strongest budget tools: Fixed-cost budgeting
Start from scratch ... how zero-based budgeting can help you avoid past mistakes
Methods for conquering budgeting madness: Top-down, bottom-up and phased budgeting techniques
Match your tasks with the best-available budgeting methods
The pros and cons of budgeting software
How to motivate your budget committee
The differences between needs and wants when it comes to budgeting
Before you begin budgeting ...
A look at costs: Fixed, variable and otherwise
Direct and indirect costs ... and how to tell the difference
Find the best sources for your budgeting information
Key financial ratios for analyzing financial statements
Understand the one-, three- and five-year budgets
Use "present-value analysis" to make the best decision
How to customize a standard budget to fit your department or business
How to decide what your budget should achieve
14 key considerations for all budgeters
7 quick self-checks before you start budgeting
How to build your budget
The "big picture" view that can affect your budget
What it takes for capitalization
Ways to nail down revenues by kind, size and schedule
A closer look at capital expenditure requests
Understand output-input procedures
Best ways to budget for administrative expenses
How unit indicators can help control your budget
Cash flow and your cash budget
Put balance sheet and income statements to work—now!
How to find the vital numbers in any financial report
Ways to polish your rough-cut budget
Budget administration
Find strengths and weaknesses through an income statement
How to use your balance sheet budget to gauge department or company success
Ways to evaluate expansion plans and other growth using the capital expenditure budget
The cash-flow budget and what it means to operations
3 reports for tracking budget progress
Using flexibility to strengthen your budget
Stress-free ways to roll out your budget
How to hold your department accountable for your budget
Budget monitoring do´s and don´ts
How to deal with the differences between budgeted and actual numbers
What to do when bad research and numbers finally come out
What to do when cost control is simply impossible
How to handle the often unavoidable "surprise variance"
Budget adjustments ... and when to make them
Hunt down indirect costs and deal with them
How to manage the people side of budgeting
Regularly review your budgeting process to learn more
Use actual expenditures to track your budget
Make monthly goals to keep the annual budget accurate
5 ways to respond to budget emergencies
Analyzing variances, errors and other inconsistencies
10 benefits to checking those variances
What to say when they ask you to explain budget variances
Common variances and how to control them
Shades of gray: The relationship between favorable and unfavorable variances
Outside interference: Alarms that tip you off
Degrees of variance ... and how to handle each
Best ways to use variance reports
7 ways to control the budget as it plays out
Uncover error sources to solve your budget problems
Seeing through the haze and maze of creative accounting
A look at specific budget types
Every action, every department deserves a budget
Make your sales budget deliver all it can
Production budgets can really pay off
What you need to know about labor budgets
Research and development budgets cover new territory
How to tackle those complex marketing budgets
Your budget´s place in the master budget plan
US/Canada:
1-800-873-7545
United Kingdom:
0800 328 1140
Australia:
1 800 145 231
New Zealand:
0800 447 301
or e-mail us at:
onsite@skillpath.net
1-800-873-7545
United Kingdom:
0800 328 1140
Australia:
1 800 145 231
New Zealand:
0800 447 301
or e-mail us at:
onsite@skillpath.net
