Managers, prospective managers, and any other employees seeking advanced competency in the area of budgeting and financial planning can use this course to: 

• Explain how a business can benefit from effective budgetary planning and administration
• Describe the purpose of each of the budget types used in business, and to differentiate betwen direct, indirect, variable, and fixed costs
• Demonstrate how effective and operational planning can improve budgets
• Explain how to perform cost-volume-profit analysis for your company, and how to use it to find your company's breakeven point
• Describe the use of cost-volume-profit analysis to make financial decisions for your company

Course Length:  300 minutes

Budgeting and Financial Management- Planning Your Budget
Planning budgets

• The purposes of budgeting
• Operating budgets and the value chain
• Budget administration
• TOPIC TEST

• The limiting factor and the sales budget
• The production budgets and types of cost
• The purchasing and departmental budgets
• The master and cash budgets
• TOPIC TEST

• Strategic planning
• Planning revenue budgets
• TOPIC TEST

• Introduction to CVP analysis
• Determining the breakeven point
• Financial decision making
• Using CVP for decision making
• Hands-on: Using CVP analysis
• TOPIC TEST

• 500MHz Pentium or faster with 512MB Ram (1GB recommended)
• 1024 x 768 minimum monitor screen resolution with 16-bit video card
• Windows 2000, XP or later MAC Compatible
• Broadband connection (256 kbps or greater) connection recommended
• Internet Explorer 6.0+ or Firefox 2.0+
• Flash Player 9.0+ required for most courses
• Sound card with speakers or headphones for audio playback
• Browser JavaScript must be enabled