Basic Budgeting For Managers

Course ID: 323                         Course Length: 1 day(s)

Overview:

Every manager has concerns when it's time to prepare their annual budget. This workshop teaches you the basics to recognize and organize every aspect of your budget requirements. By understanding the basics, you can tackle the budget process head-on and without hesitation. As a result, you will be able to competently prepare or review a budget submission for accuracy. Attendees should be managers, supervisors, or anyone with approval authority in the preparation of, or reviewing of, a unit or organizational budget.

Objectives:
At the end of the workshop participants should be able to:

• Understand the manager's work during budgeting
• Grasp the essentials of budgeting
• Know what to expect at budget time
• Develop the right budget costs
• Interpret and evaluate financial reports

Topics:

• What a budget is not
• Budgeting process
• Completing budget forms
• Required results of budgeting
• Handling uncertainty
• Making useful budgeting assumptions
• Cost drivers
• Management payoffs

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