Bottom Lines and Budgets for Non-Financial Managers

For managers in today's business world, it's essential to have a working knowledge of finance. We all play a role in our organization's finances, whether we realize it or not. For those who don't have training or a background in finance, you may be at a disadvantage as you sit around the management table.

What You Will Cover

Understanding the cycle of finance will help you figure out where you fit into your company's financial structure. This workshop will familiarize you with the key concepts of finance and accounting and help you prepare budgets with more confidence.
Understanding accounting and finance language
One of the most difficult parts of budgeting is understanding the language. The Budgeting course will introduce you to the language of accounting and finance so that you can begin to comprehend the terms used in the budgeting world.
Assets, liabilities and net worth
The Budgeting course will give you some information on what assets, liabilities and net worth are and how they relate to each other.
Accounts payable and receivable
Accounts payable and receivable are used by businesses to record sales for which they are not immediately paid, or to record bills that they have received, but might not pay until later. These types of accounts are used primarily when you've got a lot of bills and receipts flowing in and out, and don't want to lose track of them just because you don't pay/get paid right away. The Budgeting course will give you more information on what they are and how to use them in your workplace.
Creating a paper trail
Creating a paper trail is a great way to document your budgeting history. The Budgeting course will give you tips on how to create a paper trail so that you have all of the organizations history in one place for when you need it.
Understanding financial statements: balance sheets, statements of earnings and retained earnings
Part of budgeting is being able to understand your organization's financial statements. The Budgeting course will show you how to understand your balance sheets, statements of earnings, and retained earnings.
Budgeting and forecasting techniques
The Budgeting course will give you some great techniques for better budgeting and forecasting so that you can get the most out of your budgeting.
Zero-based budgeting: flexible and fixed costs
Zero-based budgeting is a technique of planning and decision-making which reverses the working process of traditional budgeting. The Budgeting course will show you how it works and how to incorporate it in your budget planning for your organization.
Comparing software applications
The Budgeting course will introduce you to some different budgeting programs and software applications so that you can choose which would work best for your organization.
Building a budget
Building a budget from the ground up can be quite intimidating. The Budget course will give you tips on how to start building your budget so that you can get the most out of it.
Managing your own budget
Having a budget for your personal life is just as important as having a budget for your professional life/organization. Along with giving you tips on managing an organization's budget, the Budgeting course will give you some great tips on managing your own budget.
 


 

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Course Hours:

Classes Start at 9am and end at 4:30.
We provide an hour break for lunch and provide 2 x 15 minutes break one in the AM and one in the afternoon.
Refreshments and snacks are provided throughout the day.

Pricing...

Regular price:TBA
4 or More Participants:Call
In House:Call

Questions?

Call Randy 902-407-3106