Budgeting and Financial Management: Preparing Your Budget
Overview/Description
To introduce the learner to all aspects of budget preparation
Target Audience
Managers, prospective managers, and any other employees seeking advanced competency in the area of budgeting and financial planning
Prerequisites
An understanding of the principles of financial planning
Expected Duration
6:00 Hours
Objectives:
Budgeting and Financial Management: Preparing Your Budget
To explain the processes of planning and preparing your budget forecast for submission
To demonstrate how to prepare income budgets for your company
To explain how to prepare the production, direct materials usage, and direct materials purchase budgets for your company
To demonstrate how to prepare the direct manufacturing labor budget and the direct manufacturing overhead budgets for your company
To explain how to prepare the budgets for closing stock, cost of goods sold, and other (non-production) costs
To explain how to prepare the cash budget, profit and loss account, and budgeted balance sheet for your company
Course Number: KBD23SE