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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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What is STAR12?   
This event is FREE for STAR12 members - Get more info.

+ Join STAR12 and Get Unlimited Training!

Get More Info About STAR12

STAR12 is an exclusive membership network that gives you 12 full months of unlimited access to every seminar we offer. Sounds incredible, but it’s true: join STAR12 today and you can attend Building Budgeting Skills, and every other one- and two-day seminar you’ll find here at www.NationalSeminarsTraining.com for FREE.

And that’s just for starters, because you’ll also receive unlimited access to the STAR12 Online Learning Library, packed with hundreds of invaluable development resources you can access anytime, anywhere ... for FREE!
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+ What You'll Learn: (click + to expand)

  • Improve your ability to accurately project expenses
  • Build a budget that glides through approval channels without a hitch
  • Discover steps for measuring actual progress against budget — and how to get back on track if you’ve wandered off course
  • Justify expenditures using the right logic and language
  • Critical responses that address and arrest budget variances
  • A complete, easy-to-understand glossary of terms dealing with every aspect of your budgeting process
  • Checklists, worksheets and formulas that would take years to collect on your own
  • The ability to forecast profits that will not go unnoticed
  • Reduce the time you spend gathering data for your budget — quickly identify what you need and where you can get it
  • Long-run vs. short-run: What you need to know about each before you budget
  • Learn which items must be figured into your budget whether you’re building one from scratch or working from a preapproved format
  • Work with confidence when the expenses are greater than the revenues



+ Who Should Attend? (click + to expand)

Whether you’re developing a budget or implementing one, learning the proven techniques in this workshop will make all the difference in the strength and success of your budget ... and your career.

So, if you’re a ...

  • Business owner
  • Manager
  • Supervisor
  • Administrator
  • President
  • Committee chairperson
  • Department head
  • Entrepreneur
  • Key player on any budgeted team
  • Purchasing decision-maker
... this workshop is right for you!



+ Workshop Agenda: (click + to expand)

The What and Why of Budgeting

  • The 10 key benefits of good budgeting
  • 5 essential elements in planning any viable budget
  • Know your organization’s budget “philosophy” and how to shape your budget accordingly
  • The budget preparation phase: Step-by-step illustrations you’ll use for years
  • Monitoring the approved budget: Do more than just “live with it” ... succeed with it!

Administering a Budget

  • The income statement: What does it tell you about the past ... the future?
  • Learn how it can pinpoint organizational weaknesses
  • The balance-sheet budget: A thermometer you’ll use to take the “success temperature” of your department or organization
  • The capital expenditure budget: Just how practical are your plans for expansion, research and development, new personnel, etc.?
  • The cash budget: Will cash really flow as expected?
  • Spot the key problems and opportunities every budgeting process uncovers

Essential Budgeting Tools

  • Unit-cost budgeting: Ideal for operations-oriented environments
  • Fixed-cost budgeting: The tool budget-builders reach for most often
  • Review the methods available to address your unique budgeting challenges
  • Zero-based budgeting: Essential for justifying proposed expenditures from the ground up

Building the Budget

  • Recognize the proper elements for capitalization
  • Examine capital expenditure requests
  • 3 important ways to economically evaluate capital expenditures
  • How to budget and control general and administrative expenses
  • Develop unit indicators for budget preparation and control
  • Identify overhead and determine proper allocation methods

Budget Development

  • “Cash” versus “accrual” accounting — two sides of the same valuable coin
  • Take the all-important first step following approval of your budget
  • Use a basic accounting technology to properly compare cash inflow to outflow
  • Avoid 3 typical pitfalls in consistently applying accounting principles to your budgeting process

Budget Variances

  • Is the alleged variance within your control? The right perspective will make the difference
  • Learn where to look first for variance factors hardest to find
  • How to know when and how your budget is warning you of outside interference
  • Tips on how to respond to requests for variance explanations

Monitoring the Budget

  • Understand the difference between fixed and variable costs using a simple but effective illustration
  • Some costs simply can’t be controlled — recognize them and budget accurately in spite of them
  • Uncover indirect costs no matter how well they are hidden
  • Learn and use the unit-cost concept immediately and effectively
  • Establish and track monthly targets within your annual budget

Analyzing Budget “Types”

  • The sales budget: Forecasting sales, preparing projections, analyzing budget responsibility and reports
  • How to prepare a production budget
  • Prepare a manufacturing budget including: Budgeting for raw materials, direct labor and overhead
  • How to plan and prepare a research and development budget
  • Budgeting terms made simple: A glossary of words you’ll use again and again



+ Attendee Reviews: (click + to expand)

“I really enjoyed the speaker and the clear and concise manner in which the information was given.”
Mary Siani
Director
Experian

"Excellent seminar. Great quotes and thoughts to use both professionally and personally."
Linda Hudson
Facility Coordinator
The Western Group

“I found the speaker to be very interesting to listen to. He taught at a level that was clear, concise and easy to follow no matter what level of management you may be at or size of your company.”
Susan Hughes
Owner
Hughes Business Services

“It exceeded my expectations. It gave me great insight to key financial and budgeting concepts.”
Joseph G. Matticoca
Mgr., Supply Chain
Bridgestone/Firestone, Inc.

“A clear presentation, well presented with excellent handouts! The instructor was very dynamic and knowledgeable. Best explanation of preparing a budget I have ever heard.”
Sr. Marie Andre Main
Vice President of Nursing
Mercy Hospital



+ Recommended Companion Resource: (click + to expand)

Basics of Budgeting
Item #1341
A Practical Guide to Better Business Planning

Regular Price: $8.95 US / $8.95 CAN
Your Price Only: $8.05 US / $8.05 CAN
Add this product with your event enrollment
and you'll save an additional 10%!

Sooner or later, most people in business are faced with creating or contributing to a budget. This book provides the practical help needed to understand and participate in the budget process. The tips and techniques you will find here are practical and proven in the real world.

Basics of Budgeting concentrates on the common elements found in the income statement and departmental expenses since these are what people in nonfinancial roles usually deal with. Examples of calculations show how to approach common problems and serve as good models to follow for presentations of budgeting data. This book demonstrates that business-planning skills can be learned and can become a vital tool for anyone.



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Continuing education credits may be recognized by your professional board. Contact your own board to find what’s required.

If you have any specific questions concerning our CEU/CPE programs, please e-mail our CEU/CPE representative.

 

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We can customize this program to address your organization’s unique needs and bring it to you ... when and where it’s most convenient for you.

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or call us at 1-800-344-4613

 

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At National Seminars Group, our #1 goal is to give you the tools you need to succeed. That’s why every seminar, conference and training resource we offer is 100% guaranteed. Every time.

National Seminars Group is a division of Rockhurst University Continuing Education Center, Inc.
P.O. Box 419107 Kansas City, MO 64141-6107 Phone 1.800.258.7246 Fax 1.913.432.0824


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