Budgeting

Topic-Level Outline

Days: 1

Prerequisites: None

Unit 1 : Budgeting fundamentals

Topic A: 0 Overview

A-1: Discussing the purpose of budgeting

A-2: Relating a budget to a strategic plan

A-3: Following the budgeting process

A-4: Identifying the elements of a budget

A-5: Classifying business expenses

Topic B: 0 Cash and master budgets

B-1: Identifying the types of budgets

B-2: Discussing cash budgets

B-3: Discussing master budgets

B-4: Putting together budgets

Unit 2 : Reviewing budgets

Topic A: 0 Analyzing budgets

A-1: Analyzing variances

A-2: Analyzing past performance

Topic B: 0 Justification and approval

B-1: Discussing the budget approval process

B-2: Identifying budgeting process guidelines

B-3: Identifying budgeting pitfalls

Unit 3 : Operating budgets

Topic A: 0 Operating budget basics

A-1: Identifying categories in an operating budget

Topic B: 0 Operating budget terminology

B-1: Classifying costs and revenue

B-2: Setting the bottom line

Topic C: 0 Operating budget methods

C-1: Identifying methods of creating an operating budget

C-2: Discussing zero-based budgeting

C-3: Discussing activity-based costing

Unit 4 : Manufacturing budgets

Topic A: 0 Manufacturing budget basics

A-1: Identifying the components of a manufacturing budget

A-2: Discussing flexible budgets

Topic B: 0 Interpretation

B-1: Interpreting key measurements

B-2: Interpreting variance

Unit 5 : Variance, forecasts, and action plans

Topic A: 0 Variance and forecasts

A-1: Classifying variance

A-2: Using variance and forecasts to understand performance issues

Topic B: 0 Action plans

B-1: Implementing action plans

Unit 6 : Capital budgets

Topic A: 0 Capital budget basics

A-1: Discussing the basics of capital budgets

A-2: Defining capital budget terminology

A-3: Calculating depreciation

Topic B: 0 Discounted cash flow method

B-1: Discounting cash flows for investment decisions

B-2: Identifying discount rates

Unit 7 : Capital budget analysis

Topic A: 0 The capital budgeting process

A-1: Assembling a capital budget

A-2: Justifying a capital budget

Topic B: 0 Capital budget evaluation

B-1: Approving capital budget requests

B-2: Evaluating capital investment decisions