Best Practices in Corporate Budgeting

Course details

An effective budget is probably the most valuable tool in a company's arsenal for setting and meeting an annual profit target. In this course we discuss how to plan and carry out an effective budgeting process, and then how to use it to manage actual results and produce the bottom line goal envisioned by the budget.

We start by defining the tools that the planning department should develop on the front end - the launch directive and the data collection tools. Then we move on to cover best practices for building the budget in each key area - revenues, expenses, cash flow, capital expenditures and the balance sheet. The course then provides proven tools for monthly budget management - addressing problem areas, changing course and accountability.