Budgeting for Profit Planning and Control FLEXCAST

Overview

Budgeting in business is often perceived as a tedious and complex process, fraught with inaccuracies and misunderstandings about its purpose and implementation. This course directly tackles these challenges, offering a clear, structured approach to budgeting, financial planning, and forecasting. We agitate the issue by addressing common misconceptions and difficulties in effectively preparing and analyzing budgets. The solution unfolds through comprehensive instruction on the creation and presentation of various budget types, linking strategic planning with budgeting, and employing new developments like rolling budgets. Participants will learn how to integrate budgeting with forecasting analytics and business intelligence, enabling them to master the financial aspects of their roles and anticipate problems before they arise.

Highlights

The what and why of budgeting. Types of budgets. Advantages and disadvantages of budgets. Strategic planning. Control, evaluation and analysis. Plans and planning. Budget process, and more.

Prerequisites

None.

Designed For

CPAs.

Objectives

Recognize the different types of budgets. Identify characteristics and advantages of budgeting. Recognize how strategic planning and budgeting are linked together. Identify certain budget measurements. Distinguish between short-term and long-term plans. Identify objectives of profit planning. Recognize metrics in the profit plan, and more.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.