Budgeting Processes

Overview:

This financial budgeting course will teach you about the entire budgeting process from start to finish, including how to create a disciplined culture of budgeting in your organization, the various methods for building budgets, techniques to analyze results, and how to increase the chances of organizational performance improvements.

Course Content:

In this course, you will gain knowledge about the following topics:

• Budgeting within a strategic framework

• Building a robust budgeting process

• A practical guide to developing budgets

• Tracking budget performance with variance analysis

• Applied budgeting tools and techniques 

   

Learning Objectives:

 Upon completing this course, you should be able to:

• Explain the role budgeting plays in helping companies execute on their strategy.

• Explain the four main categories of performance measures used by companies.

• Define the top reasons that companies should engage in budgeting.

• Recommend the critical components of a master budget.

• Define the main steps that make up the budgeting process.

• Explain why the degree of budget participation is essential for motivating managers.

• Identify and explain the four most common approaches to budgeting.

• Identify the main tenets of 'Beyond Budgeting'.

• Calculate variance and categorize items as favorable or unfavorable.

• Define the role that dashboards play in the budgeting process.

   

Who Will Benefit: 

This course on budgeting processes is designed for those responsible for financial management and budgeting within their organizations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, and corporate development.