Effective Budgeting
Course description
Running an organization without a budget could be overwhelming. Using the power of a budget to identify obstacles and establish strategies on paper can help you avoid or adapt to those surprises in advance. This course will teach you how to create purchase budgets, income statements and balance sheets. And also How to detect ethical difficulties in the budgeting process, and how to improve teamwork and planning.
What You Will Learn
- Be able to use the budgeting process to increase teamwork, planning, and control where you work or in your own business.
- Be able to apply the budgeting process to improve organizational performance.
- Be able to speak confidently on the key concepts of the budgeting process including who, what, when, where, and why do a budget.
- Know how to create the supporting schedules required in building a budgeted Income Statement and Balance Sheet.
- Two sets of business data including blank and completed templates to allow you to create a budget right along with the lectures, then practice your skills on your own.
- Be able to identify ethical issues in the budgeting process.
- Be able to create a complete budgeted Income Statement and Balance Sheet, as well as a flexible budget to assess variances between budgeted and actual performance.
Delivery: E-learning (interactive, self-paced & convenient, and affordable)
