workshop

Effective budgeting



THE BUDGETING PROCESS

  • How does the budgeting process work?
  • ‚ÄčIdentify 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

CASE STUDY

21 Jan 2019
12:00 PM
02:00 PM
22 Jan 2019
01:00 PM
03:00 PM
23 Jan 2019
02:00 PM
04:00 PM
Price

50 $



CashOMT