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Skillpath Seminars
SkillPath Seminars presents

Virtual Classroom (Live) Budgeting Essentials for Business Webinar

Gain the know-how to make more financially informed decisions on behalf of your department, your team and the organization as a whole.

Course Description/Agenda


Without a well-planned budget, expenses can cut too deeply into revenues, potentially putting the organization at risk.

Do you understand how your budget fits into and supports your organization’s strategic objectives? This instructor-led, virtual course will broaden your understanding of key budget-related financial terms and concepts, so you can accurately project expenses and justify expenditures.

Gain the know-how to make more financially informed decisions on behalf of your department, your team and the organization as a whole when you sign up today.

WHAT YOU WILL LEARN

  • Understand how your organization’s budget supports its strategic objectives
  • Broaden your knowledge of key budget-related financial terms
  • Explore the pros of cons of commonly used budgeting techniques
  • Describe the purpose, key elements and features of select business budgets
  • Recognize material variances that help you fight off organizational threats

WORKSHOP AGENDA

Program time: 3 hours

Session 1: The Foundations of Budgeting

  • Understand how a budget helps to achieve the strategic objectives of an organization
  • Describe how budgeting and forecasting differ
  • Explain how budgeting and forecasting are used to prepare a financial plan
  • Define the key phases of budgeting: preparation, development and control
  • Explore the features of commonly used budgeting techniques

Session 2: Common Types of Business Budgets

  • Explain the need for budgeting guidelines and the importance of compliance
  • Describe typical components used to build a master budget
  • List some common types of business budgets and the purpose of each
  • Discuss the advantages and disadvantages of select business budgets

Session 3: Taking Control of Budget Variances

  • Understand the concept of variance analysis and how frequently you should perform it
  • Explain how correlation and causation differ and which one is critical to variance analysis
  • Describe the risk of failing to focus on causation in variance analysis
  • Recognize, examine and address material variances that will help your organization be more efficient
  • Discuss controllable vs. non-controllable factors

 

More Webinar Information

SkillPath Seminars
Skillpath Seminars

Course Summary

Gain the know-how to make more financially informed decisions on behalf of your department, your team and the organization as a whole.

Delivery Method

Virtual Classroom (Live) Virtual Classroom (Live)

Who Should Attend

Business owners, accounting personnel

 
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Webinar Details

9/28/2021 - 9/28/2021
Tuition: $199

9/28/2021 - 9/28/2021
Tuition: $199

10/5/2021 - 10/5/2021
Tuition: $199

10/5/2021 - 10/5/2021
Tuition: $199

10/18/2021 - 10/18/2021
Tuition: $199

10/18/2021 - 10/18/2021
Tuition: $199

see all dates

 

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Bill Me/Invoice
Credit Card

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Availability
Select a date from the list at the bottom of the page for specific information about that class.

Other Information
Virtual Classroom (Live)

All Date/Location Information

9/28/2021-9/28/2021 at 9:00:00 AM CT
9/28/2021-9/28/2021 at 1:00:00 PM CT
10/5/2021-10/5/2021 at 9:00:00 AM CT
10/5/2021-10/5/2021 at 1:00:00 PM CT
10/18/2021-10/18/2021 at 9:00:00 AM CT
10/18/2021-10/18/2021 at 1:00:00 PM CT