Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.
Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?
In this course, I walk step-by-step through the budget formation process. The purpose and role of the budget can best be explained in the context of strategic planning. We'll explore which analyses can be done throughout the year to take pressure off the very busy budgeting season. Some lessons cover the nuts and bolts of budget reporting and budgeting tools.
This course is part of a three-part series I call Better Budgeting. The three parts are:
You can watch all three parts in the order above or watch any part as a stand-alone course.
Note: This course is also available in Text Base Format:
Better Budgeting (Text Based Course)
The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times.
Course Key Concepts: Budget, Budgeting, Strategic Planning.
Learning Objectives
- Identify the relationship between strategic planning and budgeting.
- Explore and recall key steps in the budgeting process.
- Recognize the difference between top-down and bottom-up budgeting.
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Prerequisites
No advanced preparation or prerequisites are required for this course.
Education Provider Information
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