Description:

• Budgeting isn’t just for finance teams. Each decision a manager makes needs to take into account the resources that are available to them. Learning to budget ensures you can allocate resources wisely, communicate financial expectations, and keep teams on track with their budgets.

Objectives:

• Assemble the elements of an operating budget
• Create a budget for capital outlays
• Perform budget sensitivity analysis and analyze budget variances

Outline:

• Understand budgets and budgeting
• Develop an operating budget
• Prepare a capital budget
• Understand sensitivity analysis and variance 23 minutes
• Adapt budgeting to a changing environment