Budgets and Managing Money
This course is part of the Entrepreneurship & Business Development Specialization
Course Overview
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 financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table.
Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. This course will help you prepare budgets and make decisions with confidence. This course will help you prepare budgets and make decisions with confidence.
What you'll learn
⇒ Define basic financial terminology
⇒ Prepare a budget of any type or size
⇒ Get your budget approved
⇒ Perform basic ratio analysis
⇒ Make better financial decisions
Self-Paced
Learn at your own schedule
10 hours
Estimated time of complete
English
Language
$79.00
Cost
Verifiable
Verified Certificate
The average salary for a budget manager
$57,814
Course Outline
Learning Objectives
Pre-Assignment
Worksheet
Pre-Course Assessment
– Questions and Answers
Recording Financial Transactions
– Financial Statements vs. Financial Reports
– Types of Costs
– Generally Accepted Accounting Principles
– Budgeting Terms
– Your Role in Company Finances
– The Key Players
– Identifying the Key Players in Your Organization
– Defining a Budget
– Budget Responsibilities
– Key Budgeting Points
– Types of Budgets
– Sales Budget
– Expense Budget
– Production Budget
– Manufacturing Budget
– Labor Budget
– Capital Budget
– Cash Budget
– Understanding Where Your Budget Fits In
– The Planning Parts
– Overview
– Step One: Gather the Budget Package
– Step Two: Lay the Groundwork
– Case Study, Part One
– Budget Template
– Step Three: Identify Your Goals
– Case Study, Part Two
– Step Four: Gathering Your Resources
– Accounting Checklist
– Marketing and Sales Checklist
– Budget Management Team Checklist
– Checklist for Your Supervisor Checklist
– Checklist for Your Team
– Steps Five and Six: Planning and Doing
– Step Six: Do It!
– Case Study, Part Three
– Budget Template
– Top Ten Excuses for Being Over Budget
– Up-Front Budget Maneuvers
– Not-So-Nice Budget Maneuvers
– Budgets
– Making Connections
– Making Connections Answer
– Understanding Ratio Analysis
– Sample Balance Sheet
– Current Ratio
– Quick Ratio
– Debt Ratio
– Net and Gross Profit Margin
– Return on Sales Ratio
– Debt to Net Worth Ratio
– Cash Turnover Ratio
– Collection Ratio
– Investment Turnover
– Return on Investment
– Making Connections
– Introduction
– Tips to Get Your Budget Approved
– The Importance of Analysis
– Payback Period
– Break-Even Point
– Cost-Benefit Analysis
– Return on Investment
– What is ISO 9001:2008?
– Making Connections
– Company Two
– Company Three
– Corporation
– Task Explanation
– The Decision-Making Process Background
– Company Information
– Salary Information
– Decision One: Office Relocation
– Decision 1 –Analysis
– Decision Two: Reproduction Backlog
– Decision Two: Analysis
– Hire Reproduction Aid
– Purchasing New Copying Equipment
– Decision Three: Improving Supervision
– Decision Three: Analysis
– Decision Four: Job Enrichment
– Decision Four: Analysis
– Decision Five: Staff Expansion
– Decision Five: Analysis
Starting Point
Where I Want to Go
How I Will Get There
16. Summary
17. Recommended Reading List
18. Post-Course Assessment
