BUDGETING TRAINING
Basic Knowledge of Data Analysis and Visualization for Every Business Manager
BUDGETING 101 (1 DAY)
Budgeting 101 is a 1-day course designed for business, budgeting, and finance professionals who would like to enhance their knowledge of what budget, how the budgeting process works, various budgeting concepts, practices, methodologies and technologies that major corporations are applying in order to effectively manage organization performance.
Course assignments include reading, case studies and exposure to the budgeting software tools:
Budgeting overview: What is and why budgeting?
The overview of the budget process
Types of budgets
Approaches to budgeting
How to categorize expenses
Preparing an operating budget—goals and assumptions
Preparing an operating Budget—forecasting sales and revenues
Preparing an operating budget—cost of goods sold, SG&A, and operating income
Capital budgets
Sensitivity analysis (what-if scenarios)
Budgeting execution and variance tracking
Linking the budget to performance (performance-based Budgeting)
How to leverage software tool in support of your budgeting tasks