MBAexpress: Best Practices for Better Budgeting and Planning

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Overview

1.0 Credits
ONLINE

What comes to mind when you think of budgeting? Takes too long? No follow-up? It protects the status-quo? If you've considered "banning the budget". This course will show you how to transform it into a planning process that helps your organization achieve its strategy. Discover 15 best practices to change your budgeting process that results in a detailed one year budget, to a planning process resulting in a strategic, progressive and long-term achievement of your goals.

Objectives

* Recognize key differences between planning and budgeting * Identify best practices to use in your planning process * Define key elements of rolling forecasts * Describe two ways to determine a break-even

Major Topics

* Budgeting Best Practices * SWOT Analysis * The 80/20 rule * Common budget problems * Rolling forecasts * Spontaneous assets and liabilities * The effects of bad data * Contingency opportunities

Designed For

CPAs, corporate finance teams, business leaders and other financial professionals.

Prerequisite

None
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