presents
Padgett Thompson & National Seminars Group
a division of Rockhurst University Continuing Education Center
Course Description
Building Budgeting Skills
A step-by-step guide to developing & administering practical, easy-to-use budgets
Program
Description
It’s budget time … what’s your first thought?
“Where do I begin?” … “There’s
no way I can predict what’s going to happen, so why bother?”
… “There’s not enough time to do this.” … “Sure
I can build it, but no one will ever use it.”
Regardless of what you think about budgets, they’re
a workplace reality that won’t go away. And if you think they’re
not important, perhaps it’s because you’ve never had the opportunity
to put the full power of an effective budget to work for you. Your budget
maps out your organization’s plan for financial success. What you
need is a way to make your budgets more functional ... to simplify the
entire process and make your budget an easy-to-use tool that guides you
to better decisions all year long.
The Building Budgeting Skills workshop was
developed to help you master the entire budget-planning and implementation
process. And, unlike other budgeting training options, this workshop throws
out idle theory and sticks to the hard skills you really need ... presented
in terms that make perfect sense.
We’ve built our seminar objectives to help you meet
your objectives.
Understand and implement the budgeting process in
your work environment
Learn when the process should start, what you need to begin and how to
get the information you need. You’ll know how to arrive at your specific
form and content. Decide what the budget must accomplish and how to make
sure it does!
Prepare an effective budget using all the critical
tools and techniques required
Build your budget on a solid foundation of critical principles and conventions
that include cost categorizing, cost “behavior,” budget assumptions,
capital and operational budget options, and much more. All the tools you
may have lacked are yours ... for keeps!
Prepare the proper budget for your current situation
and support it with conclusive data
By working with hands-on case studies, learn how to prepare budgets for
sales: production, labor, expense, capital and cash. And you’ll do
it with a clear understanding of all cost elements involved in determining
the true breakeven point.
Monitor the progress of your budget, armed with effective
responses to contingencies and variances
Once your budget is down on paper, you’ll always know how well it’s
running, plus what potential “cuts,” cost variations, volume
changes, sales and profit levels can affect it negatively or positively.
At the end of your seminar day, you will leave with a
complete toolbox of budgeting skills, including:
- The ability to know what budget points are justified
… and be able to prove it!
- Instant insight into potential budget problems before
you have to live with them
- An understanding of budget types and processes, and
how each impacts your operations
- A complete glossary of terms dealing with each aspect
of your budget process
- Confidence that your discussions with financial administrators
won’t leave you struggling to understand budgeting concepts or
terminology
- The tools necessary to meet your budget goals, whatever
the economic environment
- The assurance that your budget will cover all your
operating needs including surprises … without padding
It’s a one-day investment that will literally pay
back dividends for years to come. Your days of hoping you’ll finish
within budget are over. Building Budgeting Skills puts you
in full control.
What
You’ll Learn
1. Improve your ability to accurately project expenses
2. Build a budget that glides through approval channels without a hitch
3. Discover steps for measuring actual progress against budget —
and how to get back on track if you’ve wandered off course
4. Justify expenditures using the right logic and language
5. Critical responses that address and arrest budget variances
6. A complete, easy-to-understand glossary of terms dealing with every
aspect of your budgeting process
7. Checklists, worksheets and formulas that would take years to collect
on your own
8. The ability to forecast profits that will not go unnoticed
9. Reduce the time you spend gathering data for your
budget — quickly identify what you need and where you can get it
10. Long run vs. short run: What you need to know about each before
you budget
11. Learn which items must be figured into your budget whether you’re
building one from scratch or working from a preapproved format
12. Work with confidence when the expenses are greater than the revenues
Top
of Page
Who
Should Attend
Whether you’re developing a budget or implementing
one, learning the proven techniques in this workshop will make all the
difference in the strength and success of your budget … and your
career.
So, if you’re a …
- Business owner
- Manager
- Supervisor
- Administrator
- President
- Committee chairperson
- Department head
- Entrepreneur
- Key player on any budgeted team
- Purchasing decision-maker
… this workshop is right for you!
Workshop
Agenda
The
What and Why of Budgeting
- The 10 key benefits of good budgeting
- 5 essential elements in planning any viable budget
- Know your organization’s budget “philosophy”
and how to shape your budget accordingly
- The budget preparation phase: step-by-step illustrations
you’ll use for years
- Monitoring the approved budget: Do more than just
“live with it” … succeed with it!
Administering
a Budget
- The income statement: What does it tell you about
the past ... the future? Learn how it can pinpoint organizational weaknesses
- The balance sheet budget: a thermometer you’ll
use to take the “success temperature” of your department or
organization
- The capital expenditure budget: Just how practical
are your plans for expansion, research and development, new personnel,
etc.?
- The cash budget: Will cash really flow as expected?
- Spot the key problems and opportunities every budgeting
process uncovers
Essential
Budgeting Tools
- Unit-cost budgeting: ideal for operations-oriented
environments
- Fixed-cost budgeting: the tool budget-builders reach
for most often
- Review the methods available to address your unique
budgeting challenges
- Zero-based budgeting: essential for justifying proposed
expenditures from the ground up
Building
the Budget
- Recognize the proper elements for capitalization
- Examine capital expenditure requests
- 3 important ways to economically evaluate capital
expenditures
- How to budget and control general and administrative
expenses
- Develop unit indicators for budget preparation and
control
- Identify overhead and determine proper allocation methods
Budget
Development
- “Cash” versus “accrual” accounting — two
sides of the same valuable coin
- Take the all-important first step following approval of your budget
- Use a basic accounting technology to properly compare cash inflow
to outflow
- Avoid 3 typical pitfalls in consistently applying accounting principles
to your budgeting process
Budget Variances
- Is the alleged variance within your control? The right perspective
will make the difference
- Learn where to look first for variance factors hardest to find
- How to know when and how your budget is warning you of outside interference
- Tips on how to respond to requests for variance explanations
Monitoring
the Budget
-
Understand the difference between fixed and variable costs using a simple
but effective illustration
-
Some costs simply can’t be controlled — recognize them and
budget accurately in spite of them
-
Uncover indirect costs no matter how well they are hidden
-
Learn and use the unit-cost concept immediately and effectively
-
Establish and track monthly targets within your annual budget
Analyzing
Budget “Types”
The sales budget: forecasting sales, preparing projections,
analyzing budget responsibility and reports
- How to prepare a production budget
- Prepare a manufacturing budget including: budgeting
for raw materials, direct labor and overhead
- How to plan and prepare a research and development
budget
- Budgeting terms made simple; a glossary of words you’ll
use again and again
Your
Guarantee of Complete Satisfaction
We stand behind our seminars
with a 100 percent , iron-clad, money-back guarantee
of satisfaction. If for any reason you’re not completely satisfied
with the solid skills, the tips, tools and shortcuts, and the crucial
information you receive during this workshop, we’ll refund your money
in full. Every penny. Guaranteed!
Program
Hours:
9:00 a.m.
to 4:00 p.m. Registration begins at
8:30 a.m.
Group
Discount: When 3 enroll from your organization, a 4th attends
FREE!
Lunch:
Lunch is on your own.
Continuing
Education:
Continuing education credits may be recognized by your professional
board. Contact your own board to find out what's required.
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Policy:
If you cannot attend a workshop for which you are registered,
you may send a substitute or receive a credit memo toward a future workshop.
If you cancel your registration up to five business days before the workshop,
your registration fee will be refunded less a $10 enrollment charge.
Bring a seminar to your site! For information about bringing a course to your site please call 1-919-847-0331 or email the registry at
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Additional Information:
National Seminars Group will e-mail confirmation soon. If you are not paying via credit card, you will receive an invoice with payment instructions.
Cancellation Policy:
If you cannot attend a workshop for which you are registered, you may send a substitute or receive a credit memo toward a future workshop. If you cancel your registration up to five business days before the workshop, your registration fee will be refunded less a $10 enrollment charge.
You can also register by emailing your registration information to us at
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