Budgeting for Managers

Who Should Attend:
All management employees and their assistants who are involved in the budgeting process.  (Recommended for two-day training, can be customized for one-day training.)

Learning Objectives:
By the end of this training the participant will be able to... 

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

• Assess your company’s present budget, managers’ budget, budget forms, pre-budgeting activity and budgeting process
• Recognize inherent problems in the budgeting process
• Evaluate how your budget plans allow for the occurrence of inherent problems
• Distinguish the “must” elements of planning a budget
• Evaluate your budget plans to determine if these elements have been addressed
• Identify and define an organizations’ 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
• Identify uncontrollable factors in your company
• 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 and how they should be justified
• Formulate process for obtaining budget approval

Featured Trainers in Finance and Accounting

• Martha Jenkins
• Claudia James

• Jack Laschenski
• Scott MacDonald

All of Alliance’s programs are customized to fit your organization's unique requirements. Plus, our training is 100% guaranteed.  We will make certain your training targets your people and your organization's needs.