THE BUDGETING PROCESS
- How does the budgeting process work?
- Identify the major components of budgets & their relationships.
- Other types of budgets: Zero-based, flexible, static and rolling
- The Role of the Budget in the Organization.
- Advantages and disadvantages of budgets
- Establishing the general guidelines
- Establishing the budget calendar
PREPARING THE BUDGET
The Operating Budget
The Sales Budget
- Overview of the Sales Budget
- Responsibility for Sales Information
- Sources of Sales Information
- Factors Affecting Sales
The Cost of Goods Sold Budget
- Ending Inventory Assumptions
- Impact of Changes in Ending Inventory
- The Ending Finished Goods Inventory Budget
The Sales and Marketing Budget
- Types and Timing of Sales and Marketing Expenses
- Structure of the Sales and Marketing Budget
- Sources of Sales and Marketing Expense Information
- Analysis of the Sales and Marketing Budget
- Factors affecting the Sales and Marketing Budget
- Sales and Marketing Metrics
The General and Administrative Budget
- The G & A Budget
- Cost Variability in the G&A Budget
- Allocation of Administrative Expenses
- Departmental Budget
- The Employees/Compensation Budget
- The Benefits Budget
- The Headcount Budget
- Link between Budgets and Bonus Compensation
THE FINANCIAL BUDGET
The Capital Budget
- Overview of Capital Budgeting
- Net Present Value Analysis
- The Payback Method
- Capital Budget Proposal Analysis
The Cash Budget
The Budgeted Balance Sheet
BUDGETING REPORTING AND MONITORING
- Formulation of the Budget
- General Reporting Format
- Variance analysis reports
- The Rolling Forecast Process
- Budgeting Controls
MANUFACTURING RELATED
- The Production Budget
- The Direct Materials Budget
- The Direct Labor Budget
- The Manufacturing Overhead Budget
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2019
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2019
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2019
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