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