Course Description

Your Immediate Take-Aways

  • Use and analyze robust budgets
  • Use budgeting to help determine strategic direction

Being responsible for the budgeting means you’re playing a vital role in your organization’s future. Your budget enables you to pinpoint critical variables that impact profit so your company can successfully pursue business goals and create value.

In this seminar, you will learn how to work with, develop and present budgets aligned with business strategic goals. Working in groups, you’ll gather the information you need to construct and analyze operating budgets. You’ll practice evaluating and revising your budget to increase its chances of acceptance. This is your opportunity to gain the tools and insights to craft the budget your company needs to overcome obstacles and achieve success.

 

How You Will Benefit
  • Accurately develop an operating budget based on forecasted sales, revenues and costs
  • Work with a well-planned budget that clearly highlights crucial variables that impact profit
  • Know the line items on the income statement, their metrics and interdependencies
  • Develop high-level and alternative strategies to help your company reach specific goals
  • Define variances so you can quickly implement changes to meet your company’s financial objectives
  • Develop and present a well-thought-out budget that will get buy-in
  • Effectively use your budget to provide strategic direction and a blueprint for the upcoming year

Online Accreditation
12 CAE, 1.2 CEU, 14.4 FP&A, 12 PDU

What you will learn

What You Will Cover
  • Overview of the planning and budgeting process
  • Understanding the definition, purpose and components of a budget
  • Operating budget vs. capital budget
  • Relationships and metrics of line items on the income statement and the operating budget
  • Specific steps to improve the metrics
  • Addressing issues and challenges when dealing with assumptions and targets
  • Revising and finalizing the budget
  • Organizing and delivering your operating budget for feedback and final approval
  • Obtaining tips, guidelines and recommendations for developing and presenting your budget
  • Performing a variance analysis and identifying potential sources and causes
  • Knowing exactly which variances to address in order to plan for next year’s budget

Special Feature

Extra: You will receive a flash drive containing budget templates that you can immediately use in your workplace.

Note: Please bring a calculator and laptop to this seminar


Course: AMA's Comprehensive Budgeting Workshop

$2,595.00
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Course Dates

Location Date & Time Duration Course Type
  • CL Classroom Live - Traditional live classroom with in-person instructor.
  • CV Classroom Virtual - Attend this live instructor-led event remotely from the indicated tech facility.
  • VL Virtual Live - Attend this live instructor-led event remotely from anywhere.
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Cancelation Policy

If you cannot attend an event, you may send someone else in your place. If that isn’t an option for you, cancellations received up to five working days before the event are refundable, minus a registration service charge ($10 for one-day events; $25 for multiple-day events). After that, cancellations are subject to the entire seminar fee, which you may apply toward a future seminar. Please note that if you don’t cancel and don’t attend, you are still responsible for payment.

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