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Previously titled: Mastering the Applications of Budgeting While Side Stepping the Pitfalls
This innovative course brings to life the practical application of real-world planning and budgeting and helps you avoid the pitfalls within the budgeting process. Much of a company’s budgeting process is often fraught with inefficiencies and complications that if not addressed will lead to significant budgeting problems. This course identifies the most troublesome areas and how to circumvent them. By avoiding these pitfalls, your company will have a fiscally-prudent, predictable, and well-conceived budgeting process.Topics Discussed
This course allows you to plan, manage, and control a budget more effectively and teach others how to carry out their budgeting responsibilities as well. At the end of this course, you should be able to develop a realistic revenue budget, employ a cost center approach to forecasting expenses, create a capital budget that ensures wise choices, and apply tools that facilitate budget revisions.
Prerequisite: Experience in planning and budget preparation
Advanced Preparation: None