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Budgeting Skills
A step-by-step guide to developing & administering practical, easy-to-use budgets
You can attend FREE with STAR12 membership - Get more info.
Program Description:
It’s budget time ... what’s your first thought?
“Where do I begin?” ... “There’s no way I can predict what’s going to happen, so why bother?” ... “There’s not enough time to do this.” ... “Sure I can build it, but no one will ever use it.”
Regardless of what you think about budgets, they’re a workplace reality that won’t go away. And if you think they’re not important, perhaps it’s because you’ve never had the opportunity to put the full power of an effective budget to work for you. Your budget maps out your organization’s plan for financial success. What you need is a way to make your budgets more functional ... to simplify the entire process and make your budget an easy-to-use tool that guides you to better decisions all year long.
The Building Budgeting Skills workshop was developed to help you master the entire budget-planning and implementation process. And, unlike other budgeting training options, this workshop throws out idle theory and sticks to the hard skills you really need ... presented in terms that make perfect sense.
We’ve built our seminar objectives to help you meet your objectives.
Understand and implement the budgeting process in your work environment.
Learn when the process should start, what you need to begin and how to get the information you need. You’ll know how to arrive at your specific form and content. Decide what the budget must accomplish and how to make sure it does!
Prepare an effective budget using all the critical tools and techniques required.
Build your budget on a solid foundation of critical principles and conventions that include cost categorizing, cost “behavior,” budget assumptions, capital and operational budget options, and much more. All the tools you may have lacked are yours ... for keeps!
Prepare the proper budget for your current situation and support it with conclusive data.
By working with hands-on case studies, learn how to prepare budgets for sales: production, labor, expense, capital and cash. And you’ll do it with a clear understanding of all cost elements involved in determining the true break-even point.
Monitor the progress of your budget, armed with effective responses to contingencies and variances.
Once your budget is down on paper, you’ll always know how well it’s running, plus what potential “cuts,” cost variations, volume changes, sales and profit levels can affect it negatively or positively.
At the end of your seminar day, you will leave with a complete toolbox of budgeting skills, including:
- The ability to know what budget points are justified ... and be able to
prove it!
- Instant insight into potential budget problems before you have to live
with them
- An understanding of budget types and processes, and how each impacts your operations
- A complete glossary of terms dealing with each aspect of your
budget process
- Confidence that your discussions with financial administrators won’t leave you struggling to understand budgeting concepts or terminology
- The tools necessary to meet your budget goals, whatever the economic environment
- The assurance that your budget will cover all your operating needs including surprises ... without padding
It’s a one-day investment that will literally pay back dividends for years to come. Your days of hoping you’ll finish within budget are over. Building Budgeting Skills puts you in full control.
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