1 CPE An effective budget is probably the most valuable tool in a company’s arsenal for setting and meeting an annual profit target. In this course we discuss how to plan and carry out an effective budgeting process, and then how to use it to manage actual results and produce the bottom line goal envisioned by the budget.
We start by defining the tools that the planning department should develop on the front end – the launch directive and the data collection tools. Then we move on to cover best practices for building the budget in each key area – revenues, expenses, cash flow, capital expenditures and the balance sheet. The course then provides proven tools for monthly budget management – addressing problem areas, changing course and accountability.
Learning Objectives
- Explore how to design a budget launch package that will answer most users’ questions in advance and prevent the endless phone inquiries and late or incomplete submittals caused by user confusion.
- Recognize how to explain for users the best mix of tools and techniques that are most likely to produce credible budgets that can be supported in analysis and achieved in bottom line results.
- Identify the most common flaws in budget submittals by recognizing their causes.
- Recognize why every budget must go beyond simply a P&L projection.
- Discover the 5 things you should NOT do if you want your budget to be taken seriously.
- Discover how to manage ongoing budget variance analysis in a way that demands accountability and enhances the likelihood that the budget goals will be achieved.
Last updated/reviewed: March 23, 2024
240 Reviews (1065 ratings)
Reviews
James Stenseth
(Manager at Retired)
This course provides a foundation for the budgeting process throughout the organization. It gives good examples as it goes along through the sections. It accomplished all of the stated objectives. I would recommend this course to others looking to gain some insight into the budget process and learn some ways to speed up the formulation of the budgets for their organizations.
Anonymous
()
Excellent course! I really liked the videos, slide handouts, and the instructor's presentation style - the combination of these three factors made the course engaging. As a corporate accountant not currently involved in company budgeting, this was a great introductory course to the process. It surprised me how in-depth and thoughtful the process must be.
Devery Adair
(CFO at PLI Industries LLC)
Enjoyed this class. This is great real world information that can be applied right away. I would like to have gone through an actual budget scenario. But the objective was clearly achieve. Would like a follow up class from this lecturer. The slide were easy to follow and the hand out is an great addition too.
Tyler Whitlock
(Director of IT at Christensenarms)
This is my first course I took. I thought it was very informative and had good insights about budgeting and best practices. I'm new to the controller role and recently pushed through my first budget cycle and there are things I learned about the process I wish I would have learned before I created the budget.
REGINA STEWART
( at NA)
I liked that the presenter had,
Great screen association with the narrative.
Great examples to reinforce the practice were provided.
Great presentation flow.
The presenter had real time examples of pit falls, best practices that made it easier to commit the idea to memory.
Anonymous
()
This was great crash course in budgeting. Gene pointed out some great steps to ensure budgets are well planned and have the appropriate buy in and oversight from executive leadership. He also shared some great approaches to coaching managers when budget targets are missed.
Anonymous
(Payroll Specialist)
Out of the courses I've taken, this was not my favorite. it was a general overview but very dry and missing information I would have liked to have going deeper into the topics. The slides are not helpful after the fact and don't give good review material.
Anonymous
(Consultant)
Budgeting is a challenging exercise for but having this as a guideline is very helpful. Thanks for the excel model! Just getting started is sometimes the hardest part of budgeting, but the best practices is a added bonus for taking this course.
Paul Whatley
(Lead IT Auditor at Gulfport Energy)
Very good overview of the budget process, stressing importance of integrating the budget with the operating plan, plus and of buy in and accountability. Also discussed what to do when actuals differ significantly from the budget.
Tiffany Miller
( at ADP)
This is an excellent refresher course that I would recommend. It is a good suggestion to keep the slide materials for future reference and is also great for recertification of the CPP. I highly recommend this course.
Anonymous
(Director of FInance)
I thought this course was very informative. It gave good direction and pointers on how to develop a solid budget. I really thought the portion on planning as i agree the planning can really influence the outcome.
Dave Mercado
(Principal Mgmt Analyst at EBMUD)
Working for a public utility a few aspects of the course were not as relevant, but gleaned some important items to consider doing differently we we commence our next budget that should make for a better process.
Anonymous
(None)
Enjoyed this great overview of the budgeting process. In particular it was helpful to consider pros and cons of Excel vs budgeting software. It was also interesting to go over tips and things to not do.
Katie Broderick
(Payroll Manager at O.C. Tanner)
This was a good overview of budgeting practices. I liked that the course material contained an excel budget model, so we could look at numbers "hands on" and see how the model really works in practice.
Anonymous
(-)
This is a good overview of Best Practices in Budgeting. It introduces or provides a refresher of items to consider, watch out for and implement to make the budget/budgeting process successful.
Anonymous
(-)
This course presented practical and theoretical budget concepts that are relevant to both finance and operational roles. The course moved quickly through the material and was well-organized.
Martin Williams
(Finance Manager at think global Milengo GmbH)
Mr. Siciliano spoke clearly and got to the point. I wish he had not taped the parts where he coughed. He could have stopped the mike and retaped. Thanks you for the integrated excel model!
Anonymous
(Payroll & Benefits Specialist)
Gene really explained the ins and outs of the budget process. This course is a great tool to a successful budget for your organization. Truly enjoyed this course and can highly recommend.
Anonymous
(Controller)
This is a good overview for building the budget process. I do appreciate that there is a strong suggestion to get the business partners involved and not just this be a finance project.
Isaac DAlessandro
(Sr. Auditor at N/A)
This was a great 1 hour course for budgeting. It gave real examples while explaining the process and potential issues one faces when working on a budget with minimal to no variables.
Anonymous
()
As a company trying to grow significantly, putting together a good operating plan is essential. This was a great refresher on concepts and ways to manage things more effectively.
Anonymous
(CFO)
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Anonymous
(Management Analyst)
This class was concise and the instructor was very clear in his presentation. It would be helpful to provide examples to better understand the concepts mentioned in the course.
Anonymous
()
I liked that the lecture went into specifics of each of the financial statements. It also helped to have the excel spreadsheet to follow along when he covered certain topics.
Anonymous
()
This course provides a good framework and high level plan to create a budget and manage to that budget. This course is useful to the anyone involved in the budgeting process.
Anonymous
(Assistant Controller)
Nice introduction to budgeting principles and models to follow. Budgeting is such an important aspect of business especially for subsidiaries reporting to parent companies.
Laura Reames
(Owner at Reames CPA Services)
Even though I've run many budget processes this gives a nice summation of what you need to do and reminds me critical ways to get buy in and evaluate the budget over time
Bette Shepherd
(CFO at D&S Green Services)
The instructor gave good examples and didn't just read the slides. the model provided is a good starting place for a small company that sells one or two major products.
Anonymous
(Sr. Analyst)
This course was very helpful in assisting with my understanding of the budgeting process. I appreciate the real-world insight provided in addition to book knowledge.
Anonymous
(Management Analyst II)
The course was informative, but as another reviewer stated, it's not as pertinent for those of us who work for a public agency. Still, I would recommend this course.
Anonymous
(Controller)
a really solid high level review of the budgeting process and why we go through this each year. Would actually be useful for non finance people to take this class
Jacob Rothman
(Portfolio Manager at Rothman Investment Management)
The course covered a wide variety of budget issues, from what tools to use, to how to set up the bugdget, to how to do budget reviews, to when to redo a budget.
Numeriano De la Cruz Jr
(Accounting Manager at -)
An informative and insightful course on the budgeting process. It discusses how a good budgeting process should be and the benefit of doing it appropriately.
Anonymous
(-)
I already knew most of the material from having managed the company-wide budget process for many years, but there were still some nuggets of wisdom in there.
Vanessa Miller
(Controller at Internet Contrasts Company)
I found the Budget Preparation Process and the Managing to the Budget sections most informative in terms of things I should incorporate into my processes.
Anonymous
(CFO)
Helpful and useful information at a foundational level. Well taught at an appropriate pace. The link between each of the budgets was good to highlight.
Lawrence Hirsch
(Controller at Builders design)
Gene does a comprehensive presentation of budgets, the purpose and practical knowledge. This is a great course to lay a solid foundation to build on.
Anonymous
(Assistant Controller)
Great course! I like the 3 magic questions that the instructor talked about. It is true that these are very powerful questions and are very useful.
Joyce Holiday
(Consultant at DLC)
The audio on the course was sometimes to low and it made it difficult to hear at times.
I thought the budget model was good and helpful as a tool
Megan Lichty
(Budget Coordinator at University of North Florida)
Great course - I work in higher education versus a corporate setting, but could relate a lot of this material to improve our budgeting process.
Rosie Herren
(Controller at Book and Street)
Some of the question in the exam to me I don't recall being covered exactly by the instructor. Overall good summary of overall budget process.
Sealtiel Alvarez Sanchez
(Shared Service Center Manager at Aliaxis)
Good tips regarding budgeting process. Author takes you through the process with questions, tips and ideas you could implement very quickly.
Anonymous
(Finance Director)
This was a very basic, entry level course on budgeting. I did do a nice job discussing questions to ask when there are variances to budget.
MARIA LUISA DE GUZMAN
(Manager - Billing Staff & Financial .. at Harbor Rail Services of California)
It was easy to understand and will be very useful and helpful to anybody who will be doing budgeting or anybody who needs to use a budget.
Anonymous
()
Good overview of the budgeting process. Will help those trying to gain a fundamental understanding of how to create and manage a budget.
Anonymous
(Senior Internal Auditor)
The course was interesting but not quite what I expected. I was looking forward to actually creating a budget, but that did not happen.
Suzanne Foster
(Payroll Administrator at Martin Marietta)
The material was great, the speaker new his material very well, but the audio kept fading in and out and was very crackly at times.
Anonymous
(Accounting & Finance Guy)
Covers the basics - more attuned to beginners. Very good strategy to employ all of the financial statements in the budget process.
Charlotte Rwakazina
(Research Service Analyst at Johns Hopkins University)
This is an informative course. The presenter is engaging and his common sense explanations makes the subject matter easy to grasp.
Eric Cox
(Senior Accountant at Mondo)
As someone who undertook the budgeting process for the first time, i found this to have a lot of useful tips to avoid shortfalls.
Anonymous
(Compliance Officer)
The instructor covered the entire budget process in a very simple way. There's also a sample budget xlsx included in the course.
Anonymous
(Senior Payroll Associate)
This course provided a good overview of the importance of creating an effective budget along with the elements that are involved.
Anonymous
()
This provides a lot of good common sense reminders about how to operate budget prep and budget accountability from the CFO role.
Simon Adell
(Chief Financial Officer at Undisclosed)
A nice, thorough review of the topic, which reinforces that there's no magic to budgeting, just good common sense and practice.
Lori Sullivan
(Consultant at Eli Lilly & Company)
not applicable.
Michael Izzo
(Sr Financial Reporting Analyst at Catholic Health Initiatives)
Great overview of the budgeting process. The 3 magic questions are critically important to instilling a good budget annually.
Anonymous
(Director of Institutional Effectiveness)
Useful, but some information didn't go into depth enough to easily go through the exam, where questions were very granular.
Gary Becker
(Director of Finance at Sno-Isle Libraries)
Good, concise explanation of the budget process with some thoughtful best practices thrown in. Very helpful and informative.
Anonymous
(Controller)
This course provided a helpful overview on budget planning and covered aspects including cash flow budget which was good.
Anonymous
(CFO)
This course provided a good refresher of budgeting best practices and what to do in order to course correct if necessary.
Anonymous
(Controller)
Another great course that all Accounting and Finance professionals involved in the Budgeting process would benefit from.
Sam Grosoff
(Associate at RSM)
I enjoyed learning about the budget preparation process as well as the income statement. This was a very helpful course.
Anonymous
(Accounting Manager)
course is good, especially if you are not involved in FP&A activities, it helps you to understand their responsibilities
Anonymous
()
This was a good overview of the budgeting process. It has a lot of good information that I can apply in real life work.
Anonymous
(Accountant)
Material was very relevant to subject matter. Could have provided some guidance on how to use EXCEL budget
worksheet.
Anonymous
(Senior Associate)
This course gave helpful lessons on creating a good budget plan as I look to move forward towards a manager position.
Dan Villanueva
(Accountant at New York Times)
Great tips on how and why we need budget and also knowing the relationship between the different financial reports.
Anonymous
(CPA)
Good review of the budgeting process. I liked the analysis of each budgeted statement - P&L, cash, balance sheet.
Suzanne Hill
( at CheckWise Payroll LLC)
This course was very good in explaining developing a budget and how to avoid mistakes in implementing a good budget.
Anonymous
(Accountant)
I thought this course was very informative of a variety of budgeting plans. I thought the examples were helpful.
Rob Foy
(CPA at KTM Solutions Inc)
I found this to be a strong course with new insights that I think will be helpful as I work on next year's budget.
Premugh Bose Evans Dicruz
(Accounting Manager at Alshaya Group, Kuwait)
Wonderful course. Well-designed and informative. Most of the information is very useful for preparing a Budget.
Karin Williams
(None at self)
Very simplistic information which would be useful for someone who has never been through the budgetting process.
Kirk Valencia
(Business Administrator at Denver Church of Christ)
Simple and straightforward presentation. Point to include line managers in budget preparation a good reminder.
Anonymous
()
Excellent course that takes us through the thought processes behind the development and practical use of budgets
Bryan Baker
(- at DOJ)
A valuable course with actionable items that can be put into practice when developing and/or managing a budget.
Judith Poli
(Payroll Manager at Odyssey Systems Consulting)
Good class, good slides, I liked the presenter, he made many good points about budgets that I was not aware of.
Anonymous
(CFO)
This was a great high level overview of the budget process - I think most people will get something out of it.
Anna Poselenova
( at Junior's)
Really enjoyed this course and plan on applying knowledge.
Instructor was clear, material put together well.
Anonymous
(Finance)
This was a good overview for budget beginners. It covered the primary topics needed for a successful budget.
Anonymous
(Senior Associate)
The course was very interesting and you can easily see how it can impact how you devise and manage a budget.
Anonymous
(CPA owner)
A great course. If new to the topic, a must see again.A great course. If new to the topic, a must see again.
Anonymous
()
This was a course that provided helpful and useful information related to the budgeting and review process.
Anonymous
(Senior Accountant)
Very in depth about all aspects of the budgeting process and some tools to use. A good general overview.
Modesto Rivera
( at Houston Airport System)
Excellent course pace, completeness and learning objectives a must to better understand the budget cycle.
Natasha Smith
(Senior Editor, Digital Editorial at Haymarket Media US)
Awesome, very clear in details and great methods for communicating and managing the budget company wide.
Anonymous
(Manager, Conservatorship Operations)
Easy to listen too. Practical. Good summary of three key questions to ask when actual off from budget.
Anonymous
(Snr Accounting Consultant, CPA)
This is a great overview and review on budgeting. Great budget tips are given that one can put into use.
ERICA CARPER
(Controller at MWP)
Not lost in details, gave a great overview of the entire process with tips along each step of the way.
Tyson Davenport
(Controller at Zonos)
This was a decent overview. The excel file is good food for thought for budget creation ideas though.
Anonymous
(Payroll Manager NA)
I think this was very informative information for anyone looking to start budgeting for their company.
Anonymous
(HR Director)
I do not have experience with budgeting, so this course gave me some needed info to better understand
Natalia Lippold
(Certified Payroll Professional at Trivantus, Inc.)
I was looking for a good review of the accounting basics that I have not used in a while. Thank you.
Anonymous
(Manager)
Solid course, learned a lot. The information was presented in a very organized and efficient manner.
Anonymous
(Manager - Accounting)
This course provides a good high-level overview of the entire budget process from beginning to end.
Anonymous
(Accounts Payable Specialist)
Good and short basic information of the budgeting process. High level ideas on the overall process.
Anonymous
(Finance Consultant)
I'll be using these best practices in my budgeting procedures going forward. Enjoyed the material!!
Anonymous
(Senior Accountant)
Simple and concise, great for those starting out with the budgeting process in their organization.
Brett Maxam
(CFO at SSP Innovations)
Good review of considerations and processes to go through when preparing and then using a budget.
Corrina Edwards
(Sr. Finance Manager at Gillig)
The course was very interesting and gave a great overview about how to create and manage a budget.
Anonymous
()
Information was presented in a clear and concise manner. Made a complex topic easy to comprehend.
Dawn Foster
(Payroll and Tax Manager at Meriton)
Easy to follow and good information. Instructor is very knowledgeable and is easy to understand.
Fernanda Yamana
(FP&A at Vf Corporation)
The topics were very organized and it was good to have na overall idea of the budgeting process.
Anonymous
()
Great topic and well-written course. Gave me a great refresher on why budgets are so important.
Anonymous
(Vice President Commercial Banking)
It was an ok course, good info on budgeting, managing to the budget and capital expenditures.
Antoaneta Tasheva
( at European University Institute)
a bit too abstract, some more real quick example would help,
this is not a 1 credit course...
Anonymous
(Controller)
Great overview of budgeting process. Useful tips that help to gain buy in from all team members
Anonymous
(Director of Finance)
This course provided practical instructions that can be deployed in a business to great effect.
Debbie Banks
( at Banks Accountancy LLC)
Good information. Having been through the budget process several times, this was a good review.
Eduardo Sola
(Finance Director at Clear Blue Insurance Group)
Very good overall material to understand the basics of the budgeting process in an organization
Anonymous
(Controller)
This course was informative and straightforward. The material presented was clear and concise.
william teets
(division controller at squan)
Good overview of the process from beginning to end with sound advice along the way. Thank you.
Anonymous
()
What an amazing course for budgeting best practices. What a great way to present this subject.
Anonymous
()
This was an interesting overview of budget management and the slides were helpful. Thank you.
Anonymous
(Close & Consolidations Senior Manage..)
Helpful for me to learn more about budget given i dont have much involvement on a daily basis
Kevin Moschella
(Sr. Director, FP&A at Evidera)
The final exam questions weren't necessarily covered in the presentation and were subjective.
Christopher Dodson
(Emeritus Professor at Covenant College)
This was a good review of the fundamentals of the budgeting process. The presenter was clear.
Anonymous
()
Was not a big fan of this guy. Just did not seem to gel with what I was thinking it would be
Sylvia Ratliff
(internal audit consultant at self employed)
Liked the methodical approach and the level of detail included for each step of the process.
Anonymous
(n/a)
Excellent walk through of the budget process with great tips for getting involvement by all.
Brad Baker
(Lead Financial Analyst at Stryker)
I appreciated the breadth of the course content...that it reviewed the entire budget cycle.
Jacob Keiner
(Senior Financial Analyst at A-dec)
This is a good course to take if you have not been through a well structured budget process.
Anonymous
(CPA)
The course was easy to follow. It covered a great deal of material, but summarized it well.
Parker Forge
(Financial Analyst at Stryker)
Great walkthrough of budgeting process. The excel example is a great template for reference.
Kimberly Davis Anderson
(Senior Payroll Specialist at Stratus.hr)
Great course, very informative and easy to listen to. I liked the supplemental materials.
Celeste Houston
(VP of Payoll at Stratus.hr)
The course was good. I am not sure if the topic applies too much to the field of payroll.
DAN ZOU
(Payroll manager at Sinopro International Resources Inc.)
easy to understand, good wording, an excel booksheet available for study, great course.
Anonymous
(Controller)
This was a useful course that helped outline some very useful best budgeting practices.
Anonymous
()
Nice and basic course for both the financial user and the non-financial user of budget.
Anonymous
(Payroll Consultant)
This was a wonderful course with a wealth of information to help understand it better
Anonymous
(Sr. Accountant)
Good presentation. Explained whole budget process, the whats and whys of each step.
Anonymous
(Payroll Analyst)
Very informative course on the basics of budgeting and where to begin the process.
Ahmed Yehia
(Senior Accountant at Primary Health Care Corporation)
Good basic information but more practical examples may be included as a real cases
Sam Lin
(VP Corporate Controller at RMG Networks)
Good general practices for creating annual budgets and monthly variance analysis.
Claire Vuong
(Assistant Manager, FP&A at Hyundai Motor America)
Would recommend to other Finance professionals. The topics covered were relevant.
Anonymous
(Controller)
Excellent overview of the budget process. This was a quick review and refresher.
Monte Smith, CMA
(Chief Executive Officer at Gerding Companies, Inc)
Good coverage of the topic delivered in a nicely paced presentation. Well done!
Lorenzo Berenguer
(President at Berenguer Consulting)
I liked the course very much, for its clarity in content, and succinct delivery.
Thomas Tamura
(Consultant at Buxbaum HCS)
Basic overview of the purpose and outline of a budget. More for new managers.
Anonymous
(Director, Governance)
Expecting a little more substance but descent overview of process and key terms.
Michelle Vass
( at Peloton)
Helpful class that provided some reminders that I have forgotten over the years.
Anonymous
(Controller)
Instructor is very dry and monotone. Low quality of production in the webinar.
Russell Burr
(FA at AAA of Western and Central NY)
this is a good course for anyone who wants to get involved in the fp&a process
Anonymous
(AR specialist)
great course. very easy to understand. Find it very useful and easy to apply
Collin Thomas
(None at None)
Good course - straightforward clear tips on creating and managing a budget.
Anonymous
(Board Member)
This was a good how-to that should make your budget process go more smoothly.
Anonymous
()
Very informative course. I really learned a lot about the budgeting process.
Anonymous
(CFO)
Great for someone new to budgeting, not so much for experienced individuals.
Stephen Leitz
(Owner and Founder at Workforce 2080 LLC)
Good information on budgets and how to manage expectations and also review.
Anonymous
(Associate)
Nice course on budgeting. Supporting materials were very clear and concise.
Janine Korovesis
(Controller at Google)
Good overview of budgeting process. Would recommend as introductory level.
Anonymous
(Managing Consultant)
This is a great course for someone trying to improve their budget process.
Anonymous
(Director of Finance and Contracts)
Really good presentation, organized and summarized well with good tips.
Anonymous
(UP Specialist)
some good information on budgeting best practices, a few things to ponder
Anonymous
()
great course would definitely recommend. passed on 1st try please take it
Anonymous
()
Good foundation budget course that is well structured and well presented.
Lisa Kyne
( at Narcisi & Company, P.C.)
This is a good course and everyone can benefit on how to handle a budget.
ARVYDAS TENENIS
(Head of Internal Audit at JSC VMGcorp)
A good 101 for bugdeting starters. Easy to understand, close to reality.
Anonymous
()
Informative and good reminders too. In a way this was a good refresher.
Anonymous
(Sr. Accountant)
The presentation was very clear and informative with relevant examples.
Lorna Fisher
(Retired Finance Professional with active.. at Retired and enjoying time to pursue pers..)
Well organized overview of the budgeting process. Enjoyed the course.
Anonymous
(Controller)
Good course with lots of valuable info. Course length was just right.
Josh Amdahl
(Consultant at RSM)
I enjoyed this course. It provided a lot of very helpful information!
Anonymous
(Chief Financial Officer)
Fairly high level, but a good review of the budgeting process itself
Anonymous
(Corporate Controller)
This was a very good review of best practices for creating a budget.
Anonymous
()
This is a very good crash course on budgeting. Simple but powerful.
Leslie Loudon
(Sr. Accountant at Charter Communications)
Course was interesting and contained a lot of valuable information.
Michelle Foy
(M&A Payroll Project Manager at United Health)
wonderful course and helpful for payroll professionals in business.
Anthony Larson
(Sr. Institutional Fixed Income Trader at Charles Schwab & Co)
Great course to gain a greater understanding of the budget process
Samantha Hollibone
(Consultant at DLC Group)
good but slightly boring. i did learn alot about budgeting though!
Inna Shmukler
(Controller at Fornetix LLC)
A good introductory course; to the point, with clear explanations.
Anonymous
(CFO)
Good course for budget basics and reminding me of the fundamentals
Terry Hartmann
(Trustee at GEVA Theatre Center)
good review of best practices developed over years of experience.
Anonymous
(Sr. Financial Analyst)
the course was informative.
needed more details
Thanks!
Allison Justice
( at ADP)
insightful and informative information on budgets do and dont's
Anonymous
(Payroll Manager)
Good overview of the budgeting best practices. Needed review.
Anonymous
(Director)
Good refresher course on budgeting process and best practices.
Jennifer Bor
(Sole Practitioner at Accounting and Business Management Consu..)
good enough for me to get my cpes for my cia and cpa licenses
Christopher Hole
(Director of Internal Audit at Roseburg Forest Products)
Clear and quick presentation with obvious real life examples.
Eric Wolniak
( at sennder)
Great budgeting refresh course. I would recommend this course
Anonymous
(Managing Director)
This course was a good refresher on Budgeting Best Practices.
Ellen Hynes
(Financial Consultant at Pacific Life)
Good course for anyone wanting to learning budgeting basics.
Anonymous
()
Good overview of the key elements in the budgeting process.
Anonymous
()
Budgeting basics in easily digestible format. Great course.
Anonymous
(Financial Officer)
Good course. Timely for persons who have upcoming budgets.
Michael Gould
(CPA at GLWA)
Amazing class. I learned much about the budgeting routine.
James O'Neill
(Consultant at Danforth Advisors)
Provides a good basic overview of the budgeting process.
Cheryl Mele
(N/A at N/A)
Excellent materials, overview and review. Well structured.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
Simple explanations and a good reminder of the processes
Anonymous
(Sr. Administrative Clerk)
Great course to develop budgeting skills for beginners.
Anonymous
()
Well-presented overview with high level best practices.
Syed Kazmi
(Controller at Encompass Capital Advisors LLC)
Easy subject and properly explained for understanding.
KIM MILLER
( at Miller's Mowing & More)
This webinar is very interesting and very informative.
Anonymous
(accountant)
Relevant, real world examples. Easy to follow models
Anonymous
(-)
Budgeting Best Practices
This is a helpful course.
Anonymous
(Not Provided)
the course was informative without being too detailed
Tyler Kennedy
(Salaried Consultant at Salo)
Great charts and questions for analyzing the budget.
Sophia Kasozi
(- at City of Edmonton)
Very informative and high-level review of budgeting.
Anonymous
()
High level, good overview of the budgeting process.
Anonymous
(ESR)
Informative and a good look at reviewing budgeting
Anonymous
(Finance & Accounting Consultant)
Overall a good course on budgeting best practices.
Debra Brockman
(Director, Payroll Operations at Cox Automotive)
Very informative. Concepts are easy to understand.
Ramakrishna Nalluri
(Senior Financial Analyst at LifeWorks Inc)
Practical orientation to current budget practices
Anonymous
(Partner and Chief Financial Officer)
Good overview with useful takeaway materials.
Candace Oliver
(Independent Consultant at C Oliver)
excellent course, very engaging presentation
Terri Salazar-Rodriguez
(None at None)
Provides some good tools for budget process.
Anonymous
(CFO)
great overview of the entire budget process
Anonymous
(Senior Accountant (Financial Report,Plan..)
The excel part should be treated as well.
Anonymous
(Sr. Project Manager)
Do not want to go into upper management.
Rajeev Sahni
(Director - Capital (RWA) at UBS)
Detailed presentation with examples
Tim Philips
(Controller at Self)
Subjective questions in some cases
Anonymous
(Accounting)
Could have used a bit more detail
Brian Kalumba
(na at 1985)
Very informative and helpful.
Anonymous
(attorney cpa)
Budgeting is a key function.
Paula Strahle
(CPA at Paula Strahle)
concise and to the point
Anonymous
(CPA/Investment Advisor)
ok course, fairly basic
Anonymous
()
Straight forward advice
Allison Garside, CPA, MBA
(CFO at The Thymes, LLC)
Hit all the key topics.
Brett Peterson
(Consultant at DLC Group)
Could have been better
Charles Elwis
(Insurance Broker at Health Guys)
Interesting overview
Ravi Patel
(Tax Accountant at Patel)
interesting Course
Jenica Roma De Vera
(General Ledger Accountant at Netsuite Philippines Inc.)
It's challenging.
Anonymous
()
very interesting.
Mark ODell
(Vice President of Finance at Innocare Ltd)
Felt a bit slow
David Farlett
(Chief Financial Officer at AFC Urgent Care)
Very informative
Robert Godfrey
(CPA at Robert Godfrey, CPA)
Very insightful
Anonymous
(Consultant)
Basic budgeting
Anonymous
(Senior Manager - Corporate Development a..)
Good overview.
Anonymous
()
Good refresher
MJ Pierce
(None at Valeo)
Good speaker.
Anonymous
(Technical Accountant)
Good document
Anonymous
(SVP Corp Compliance & Accounting)
nice overview
Zarksis Italia
(Director Finance at Ensco)
Good Course
Anonymous
()
Good Course
Gayle Christopher
(Not Provided at Midasco)
It was ok
Haley Gismondi
(CPA - Fund Accounting at Technology Crossover Ventures)
Helpful
Anonymous
(Chair)
helpful
Anonymous
(Accountant II)
Great!
Anonymous
(Accountant)
good!
Anonymous
(Senior Internal Auditor)
l
Prerequisites
Course Complexity: Intermediate
Prerequisites: A solid understanding of the interrelationship of the basic financial statements to one another and a moderate knowledge of Microsoft Excel.
Advance Preparation: None
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Course Questions and Answers(5 Questions)
Gene SicilianoFounder and President
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
© 2024 Illumeo, Inc.
Given the primacy of the income statement, do folks ever just redo that if something happens to invalidate the budget during the year?
Assuming your word "just" means "only", keep in mind that accounting requires a debit and a credit. If P&L changes are simply moving money from one expense item to another, there may be no need to impact cash flow or balance sheet. If however there is an additional expense planned, or an additional capital expenditure, then the budget change must necessarily impact cash flow and the balance sheet as well. Otherwise the integrated budget model will not balance and the cash flow and balance sheet will not reflect what is actually planned after the change.
Thanks, Gene; a helpful clarification. I should have made clear my reference to "invalidate the budget" only referred to the revenue and cost budget items in the CoA that are rolled up into the income statement.
My answer is the same, Alan, but perhaps not clearly enough stated. If you still need some clarification, give me a call and we can talk about it.
Will do; thanks for the offer.