Managing Budgets and the Bottom Line

Learning Path: Management Pro

Duration: 2 Day(s).

Course Overview

Today’s business environment requires mangers to have a working knowledge of finance. We might not know it, but we are all stakeholders in our organization’s overall financial health.  Not having any knowledge of financial topics could put you at a disadvantage in your company.
Knowing the cycle of finance will help you determine where you fit into your company’s financial structure, and how to keep your department profitable. This two-day workshop will give you the tools you need to prepare budgets and make confident decisions.
Participants should have basic accounting skills and knowledge of the accounting function.

Endorsed by

Learning Objectives

  • Defining basic financial words and terms
  • Preparing a budget
  • Getting your budget approved
  • Performing basic ratio analysis
  • Making sound financial decisions

Target Audience 
Budget holders and project managers

Course Calendar

Nothing Yet !

Course Outline

Unit One: Finance Fundamentals Jeopardy
Unit Two: Finance Fundamentals
Basic Principles
Generally Accepted Accounting Principles
Identifying Financial Roles and Responsibilities
Unit Three: Budget Basics
What Is a Budget?
Types of Budgets
Understand Where Your Budget Fits In
Unit Four: Parts of a Budget
Unit Five: The Budgeting Process
Step 1: Gather the Budget Package
Step 2: Lay the Groundwork
Case Study (Part One)
Step 3: Identify Goals and Deliverables
Case Study (Part Two)
Step 4: Gather the Resources
Steps 5 and 6: Plan the Work and Do It!
Case Study (Part Three)
Unit Six: Monitoring and Managing Budgets
Unit Seven: Crunching the Numbers
Understanding Ratio Analysis
Eleven Key Ratios You Will Need
Unit Eight: Getting Your Budget Approved
Unit Nine: Evaluating New Investment Opportunities
Unit Ten: ISO 9001:2008
Unit Eleven: Managing Accurate Data, Inc.: A Decision-making Case Study
Decision One: Office Relocation
Decision Two: Reproduction Backlog
Decision Three: Improving Supervision
Decision Four: Job Enrichment
Decision Five: Staff Expansion

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