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AMA's Comprehensive Budgeting Workshop

at American Management Association - Arlington

Course Details
Price:
$2,445
Start Date:

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Location:
Arlington
2345 Crystal Dr Suite 200
At Crystal Dr
Arlington, Virginia 22202
(Map)
Description
Class Level: All levels
Age Requirements: 21 and older
Average Class Size: 20

What you'll learn in this finance training:

Your Immediate Take-Aways

  • Use and analyze robust budgets
  • Use budgeting to help determine strategic direction

Being responsible for the budgeting means you’re playing a vital role in your organization’s future. Your budget enables you to pinpoint critical variables that impact profit so your company can successfully pursue business goals and create value.

In this seminar, you will learn how to work with, develop and present budgets aligned with business strategic goals. Working in groups, you’ll gather the information you need to construct and analyze operating budgets. You’ll practice evaluating and revising your budget to increase its chances of acceptance. This is your opportunity to gain the tools and insights to craft the budget your company needs to overcome obstacles and achieve success.

Who Should Attend

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

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
  • 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

Outline:

Learning Objectives

  • Explain Why an Organization Needs a Budget
  • Distinguish Between Operating and Capital Budgets
  • Prepare and Present an Operating Budget
  • Analyze a Budget, Based on Variances, and Take the Appropriate Actions Related to Performance

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 Operating Budget

  • Properly Organize, Format the Components of, and Deliver an Operating Budget Presentation

How to Effectively Use a Budget

  • Define Budget Variances and Identify Potential Sources for These Variances
  • 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 the Preparation of the Following Year’s Budget

Still have questions? Ask the community.

Refund Policy
Transfer, Cancellation and Refund Policy:

For Classroom, Live Online, Express Skills Courses and Webinar programs, you may transfer to a future session, send someone to take your place or cancel without penalty at any time up to three weeks prior to your program. If you provide AMA with less than three weeks’ notice, or fail to attend, you will be liable for the entire program fee. 

Programs included in AMA On Demand offerings are not eligible for substitution, transfer, cancellation, return, or refund. We appreciate that this is an important investment for you and your company and would like to accommodate your needs the best we can. Therefore, please email CourseHorse.

Pricing, Offers, and Discounts Policy:

AMA-delivered programs are eligible for AMA member pricing, GSA pricing, special offers, and discounts as applicable, according to the terms of the specific pricing, offer and/or discount. Third party-delivered programs available through AMA and Express Skills courses are excluded from all discounted pricing, offers, and discounts offered by AMA, including but not limited to AMA member pricing, GSA pricing, AMA Seminar Savings Pass redemptions, AMA SLS Contract pricing, AMA Annual Pass/All-Access Pass, and complimentary registrations of any type.

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School: American Management Association

American Management Association

The American Management Association, International (AMA) is the global leader in talent development. Founded in 1923, AMA supports the goals of individuals and organizations through a complete range of educational products and services, including instructor-led classroom and virtual seminars, webinars,...

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