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Mastering Budget Applications: Mastering Budgeting and Avoiding the Pitfalls

Author/Moderator: Ron Rael, CPA
Publisher: AICPA
Availability: In Stock
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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
  • Estimating and Budgeting Revenues
  • Estimating and Budgeting Costs
  • Creating an Environment that Supports Accountability
  • Developing Budget Reports that Spur Action
  • Ensuring Goal Execution
  • Handling Unanticipated Events that Create Budgeting Havoc

Learning Objectives
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

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Videocourse Details

NASBA Field of Study: Finance
Level: Intermediate
Recommended CPE Credit: 10
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Product# 738753
Availability: In Stock
AICPA Member:$155.00
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