WORKSHOP HIGHLIGHTS

- Achieve better Business Planning success

- Evaluate Capital Budgeting decisions by adopting the different analytical methods

- Achieve better Operational Results by understanding the overall budgeting process

- Understand the different Budgeting Techniques and implement them in your organization

AUDIENCE

Attendees for this training include:

- Chief Executive Officers /GMs

- Chief Financial Officers

- Managers with Budget responsabilities

- Department Heads

- Finance Managers and Controllers

- Sales Managers

WORKSHOP OUTLINE

THE BUDGETING PROCESS

- How does the budgeting process work?

- Identify the major components of budgets & their relationships.

- Other types of budgets: Zero-based, flexible, static and rolling

- The Role of the Budget in the Organization.

- Advantages and disadvantages of budgets

- Establishing the general guidelines

- Establishing the budget calendar

PREPARING THE BUDGET

The Operating Budget

The Sales Budget

- Overview of the Sales Budget

- Responsibility for Sales Information

- Sources of Sales Information

- Factors Affecting Sales

The Cost of Goods Sold Budget

- Ending Inventory Assumptions

- Impact of Changes in Ending Inventory

- The Ending Finished Goods Inventory Budget

The Sales and Marketing Budget

- Types and Timing of Sales and Marketing Expenses

- Structure of the Sales and Marketing Budget

- Sources of Sales and Marketing Expense Information

- Analysis of the Sales and Marketing Budget

- Factors affecting the Sales and Marketing Budget

- Sales and Marketing Metrics

The General and Administrative Budget

- The G & A Budget

- Cost Variability in the G&A Budget

- Allocation of Administrative Expenses

- Departmental Budget

- The Employees/Compensation Budget

- The Benefits Budget

- The Headcount Budget

- Link between Budgets and Bonus Compensation

THE FINANCIAL BUDGET

The Capital Budget

- Overview of Capital Budgeting

- Net Present Value Analysis

- The Payback Method

- Capital Budget Proposal Analysis

The Cash Budget

The Budgeted Balance Sheet

BUDGETING REPORTING AND MONITORING

- Formulation of the Budget

- General Reporting Format

- Variance analysis reports

- The Rolling Forecast Process

- Budgeting Controls

MANUFACTURING RELATED

- The Production Budget

- The Direct Materials Budget

- The Direct Labor Budget

- The Manufacturing Overhead Budget