Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals (130026-15)
Description
The budget lies at the epicenter of the firm’s planning and control
process. The quality of the firm’s management system is ultimately
dependent on lucid financial plans integrated with budget-based control
systems. Then it’s up to management to interpret the budget with a view
towards optimizing profit, cash flow and shareholder value. In this
class, you will develop budgets, using hands-on, PC-based spreadsheet
techniques.
Learning Objectives
Develop major elements of the Master Budget including pro forma
balance sheets, income statements and cash flow budget
Explore capital
budgets, zero-based budgets, activity-based budgets, break-even
(contribution margin) budgets, Economic Value Added (EVA) budgets and
Bankruptcy Avoidance budgets
Major Topics
Budget development, preparation, analysis and control
Pro forma
financial statements
Identify major trends in cash budgeting and
cash-flow planning
Develop accurate budgets that link to business and
strategic plans
Cost control and management
Profit planning
Sales
and marketing budgets
Financial budget-modeling tools and capital
budgets
Improve budget planning and control systems to guide the
financial future of the firm
Learn to control budget variance
Case
studies and "what-if" analyses
Risk quantification and analysis
Best
practices in budgeting
Course Level
Basic
CPE Field of Study
Management Advisory Services*
8
Prerequisites
Please note: This class requires that you bring your own laptop or
tablet with Excel loaded. (Laptop recommended)
