Budgeting Processes

Budgeting Processes Course

This financial budgeting course will teach you about the entire budgeting process from start to finish, including how to create a disciplined culture of budgeting in your organization, the various methods for building budgets, techniques to analyze results, and how to increase the chances of organizational performance improvements.

Learning Objectives

By the end of this course, you will be able to: 

• Explain the role budgeting plays in helping companies execute on their strategy.
• Explain the four main categories of performance measures used by companies.
• Define the top reasons that companies should engage in budgeting.
• Recommend the critical components of a master budget.
• Define the main steps that make up the budgeting process.
• Explain why the degree of budget participation is essential for motivating managers.
• Identify and explain the four most common approaches to budgeting.
• Identify the main tenets of ‘Beyond Budgeting’.
• Calculate variance and categorize items as favorable or unfavorable.
• Define the role that dashboards play in the budgeting process.

Who should take this course?

This course on budgeting processes is designed for those responsible for financial management and budgeting within their organizations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, and corporate development.