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Leader(s):

Prerequisite:

Basic knowledge of financial accounting and budgeting.

Preparation:

No advance preparation required.

Level of Knowledge:

Basic/intermediate.

CPE Credit:

8 Hours.

Other courses related to this topic:

Forecasting: Latest Methods & Practical Applications
Spreadsheet Best Practices: Roadmap to Reduced Risk
Corporate Financial Planning, Budgeting & Control
Best Practices in Finance & Accounting: Building a World-Class Organization
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Center for Professional Education
370 Reed Road, Suite 227
Broomall, PA 19008-4098
(610) 328-7086

Budgeting: Achieving Results

Budgeting is an essential tool for supporting business growth, improving profitability and gaining an edge in our fiercely competitive global economy. This seminar presents new and effective approaches to budgeting and focuses on: * An in-depth discussion of reality-based budgeting * The importance of strategic planning in establishing an effective budget

Why the traditional emphasis on earnings does not meet long-term goals

Approaches to minimizing the time it takes to create an effective budget

How you make budgeting a vital management tool

Today's best practices in budgeting


OBJECTIVE:

To demonstrate to the accountant the value of advanced budgeting techniques, which include integrating the corporate strategy into the business model and budgeting process. You will see how today's best practices in budgeting are being applied in leading corporations and how this process facilitates capital formation, growth and profitability.

EMPHASIS:

Case studies of CFOs' approach to financial planning and budgeting

Why traditional budgeting does not serve today's corporate needs

The importance of the business model in the budgeting process

Performance-based budgeting concepts

Computerize the budgeting process without spreadsheets

Budgeting best practices

- Partaking in a best practice survey evaluating a company's budgeting process

- Defining the term "meeting the budget"

A checklist to evaluate the effectiveness of your budgeting process

Websites that offer the latest budgeting software

New dynamics in financial management and budgeting

Improving budgeting process efficiency, shortening preparation time and reducing revisions

Making the budget work throughout the year