This course is designed for people who want to improve their budget preparation skills in a clear, concise and systematic manner. The course develops a process that acts as an interactive road map to follow from early, well thought out forecasting through actual budget preparation and the presentation of financial statements. This is a hands-on experience in planning and preparing sales, cash and other types of budgets that encourage participants to practice what they have learned in their individual business environments.

Objectives

Participants gain the knowledge and skills needed to ...
Play an active role in the planning process as a precursor to business success
Prepare the necessary budgets to meet specific business needs
Use budgets as road maps or blueprints to chart a business course of action


Content

Understanding the importance of planning
Preparing the master budget
The budgeting process
Sales, cash, purchasing and other budgets
Difficulties of forecasting
The budgeted income statement and balance sheet

Duration: 1 day