AMA’s Budgeting Workshop

Learn to create an accurate operating budget that helps your company achieve its goals.Your Immediate Takaway

Also Available as:

• Onsite

How You Will Benefit

• Accurately develop an operating budget based on forecasted sales, revenues and costs
• Prepare a well-planned budget that clearly highlights crucial variables that impact profit
• Know the line items on the income statement, their metrics and interdependencies
• Develop high-level and alternative strategies to help your company reach specific goals
• Define variances so you can quickly implement changes to meet your company’s financial objectives
• Develop and present a well-thought-out budget that will get buy-in
• Effectively use your budget to provide strategic direction and a blueprint for the upcoming year

What You Will Cover

• Overview of the planning and budgeting process
• Understanding the definition, purpose and components of a budget
• Operating budget vs. capital budget
• Relationships and metrics of line items on the income statement and the operating budget
• Specific steps to improve the metrics
• Addressing issues and challenges when dealing with assumptions and targets
• Preparing, revising and finalizing the budget
• Organizing and delivering your operating budget for feedback and final approval
• Obtaining tips, guidelines and recommendations for developing and presenting your budget
• Performing a variance analysis and identifying potential sources and causes
• Knowing exactly which variances to address in order to plan for next year’s budget

Extended Seminar Outline

Print this page Extended Seminar Outline Seminar #2259 Income Statement Review
• Describe what a budget is and its purpose
• Differentiate between an operating budget and a capital budget
• Define the line items on an income statement
• Recognize how the line items relate to each other and the metrics that can be derived from them

Preparing an Operating Budget
• Recognize how the items in a budget relate to upper-management assumptions/targets about the budget
• Develop budget strategies for meeting those targets

Presenting an Operational Budget
• Properly organize and format the components of an operating budget presentation
• Deliver the presentation

How to Effectively Use a Budget
• Define budget variances and identify potential sources
• Perform a variance analysis and determine the actual source(s)
• Identify and implement changes to the budget, if necessary
• Apply Lessons Learned from this evaluation to next year’s budget

Who Should Attend

Managers and anyone with budget responsibilities who are interested in developing or improving their budget planning skills.

Special Feature

Extra: You will receive a flash drive containing budget templates that you can immediately use to effectively prepare and present your budget.

Note: Please bring a laptop and a calculator to this seminar