Budgeting: The Comprehensive Guide FLEXCAST
Available Until
Your Desk
14.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
This CPE course, presented by Larry Pon, offers a thorough exploration of the intricacies of corporate budgeting, essential for the financial health of small to medium-sized businesses. It features a detailed analysis of various budgeting techniques, including capital, flexible, and zero-base budgeting, as well as insights into the billing, pricing, and credit evaluation process. Participants will benefit from understanding how to manage accounts receivable, implement effective credit practices, and utilize non-traditional methods to secure customer payments. The course also provides valuable knowledge on the best practices for collections and account reconciliation. By focusing on these critical elements, the course equips professionals with the skills to optimize their organization’s budgeting processes, enhancing cash flow management and overall financial stability.
Highlights
The revenue budget. The production budget. The direct labor budget. The cost of goods sold budget. The research and development budget. The capital budget. The master budget. Flexible budgeting.
Prerequisites
None.
Designed For
CPAs, auditors, consultants, and financial and managerial professionals.
Objectives
Identify the purpose of budgeting, citing advantages and disadvantages. Specify the areas within an organization where there is a bureaucracy supporting the use of budgeting. Identify the components of cost-volume-profit analysis, noting the relationship between costs, unit volumes, and profitability as well as ways that this type of analysis can be used. Determine the number of units sold as well as the sales mix variance given a set of circumstances, 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.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $113.00
Member Price $98.00