Budgeting, Forecasting, & Business Techniques for Accounting and Finance Professionals (171088-13)
Description
Required: This class location will require that you bring your own
laptop or iPad with Excel loaded. If you are unable to do so and still
like to attend please contact us and we will be able to loan you a
laptop. 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
R&D and
capital budgets
Improve budget planning and control systems to guide
the financial future of the firm
