Financial Training
 Financial Management: Budgeting
Essentials
In Financial Management: Budgeting Essentials, participants learn how to create and enforce a budget by analyzing financial statements, setting objectives, and monitoring performance.
Financial Management Training CD-ROM Course teaches you to
- Use four methods to analyze financial statements.
- Use ratio analysis to analyze financial statements.
- Calculate an organization's break-even point.
- Identify effective objectives.
- Follow a seven-step process for creating a pro-forma financial statement.
- Respond appropriately to negative deviations from a budget.
Audience: Managers and employees who want to learn more about budgeting.
Total Learning Time: 2 - 4 Hour(s) on interactive CD-ROM
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CD-ROM
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CODE
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Price
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Order
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Financial Management: Budgeting Essentials
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ng48503
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$110.00
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Course Contents
Unit 1: Background Information
Duration: 0.5 - 1 Hour(s)
- List the five benefits that budgeting offers.
- List the three-step process for creating and enforcing a budget.
- Simulation Overview: In this simulation, you will be meeting with Carla Jackson to discuss budgeting. Through your questions, you will identify the importance of
budgeting, the benefits of budgeting, and the process used for creating and enforcing a budget.
Unit 2: Analyzing Financial Statements
Duration: 0.5 - 1 Hour(s)
- Apply the four methods used to analyze financial statements.
- Use ratio analysis to analyze financial statements.
- Calculate an organization's break-even point, given information from financial statements.
- Simulation Overview: In this simulation, you will be meeting with Kyle Hensley, Icon's Vice-President of Sales, to discuss several methods you can use to analyze
financial statements. By completing several exercises, you will learn about the different types of ratios, what type of information you can expect to gather, and how to calculate the different ratios.
Unit 3: Setting Objectives
Duration: 0.5 - 1 Hour(s)
- Follow the four-step process for establishing effective objectives.
- List the three characteristics of effective objectives.
- Avoid common problems encountered when budgeting.
- Simulation Overview: In this simulation, you will be meeting with Robin Carlson, a Product Manager; Chala Merino, an Assistant Controller; and Drew Canfield, the
Director of Finance. You are all members of the team responsible for determining new objectives for the SK-200 product line. During this meeting, you and your team
members must follow the steps required to establish objectives while avoiding common budgeting problems.
Unit 4: Monitoring Performance
Duration: 0.5 - 1 Hour(s)
- Define pro forma when used to describe financial statements.
- Follow the seven-step process for creating a pro forma financial statement.
- Respond to negative deviations from the budget appropriately.
- In this simulation, you will be meeting with Jessica Stone, Icon's Director of Finance, to discuss how you can monitor actual performance by using a budget.
By completing several exercises, you will learn how to organize a pro forma statement and calculate the components of a budget.
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