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Developing, Managing and Analyzing a Budget: Understand and Implement an Effective Budget for Better Management and Financial Decisions - Webinar

  • ID: 4663988
  • Webinar
  • November 2018
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Operating without a plan or budget is an invitation to fail.

Many organizations flounder not because they are ineffectual at their operations, but because they simply meander, lose focus, and do not see the goal posts. This topic will show how to design and implement proper planning and budgeting, which are the keys to success. This concept is critical for businesses no matter how large or small, nonprofits, and governments it also does wonders for ones personal finances, too.

Budgeting is a dynamic process, not a static one. By knowing the types of budgets and processes that have worked for others, one can create an environment and procedure that is a tool for attainment of organizational goals, without the pitfalls of trial and error. Budgeting is critical for any organization successful executives and business owners always design and implement a workable budget they know where the strengths and weaknesses are, and if budget cutting must be implemented in the foreseeable future. A suitable budget will, indeed, help define and shape those goals, as well as evaluate the likelihood of achievement. Business success is on the way.

Learning Objectives
  • You will be able to describe the best ways to approach budgeting to lead your organization towards its goals and objectives, and implement strategic planning.
  • You will be able to identify budgets for propriety and approach budget cuts when needed.
  • You will be able to explain the problems with many budget processes, choose your optimum type of budget, and know why your new procedure is practical and beneficial.
  • You will be able to review and plan the budget, as well as prepare and utilize a functional, useful budget that will improve results of your organization and even your personal finances.
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Overview of Budget Basics
  • Welcome
  • Budgets and Strategies
  • What Is the Goal?
  • Start at the End
  • Strategic Planning
  • Non-Financial
Essential Elements to Productive Budgets

  • Types of Budgets
  • Samples - Budget vs. Actual
  • Prepare
  • Monitor
  • Cost vs. Benefit
  • Means, Not an End
What Is Wrong With Most Budget Processes?
  • Dysfunction
  • Responsibility
  • Incremental/Decremental
  • Meandering
Budget Cuts - Rules for Successful Cutbacks

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Brian D. Levine, M.B.A., CPA - Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC
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This webinar is designed for accountants, tax managers, CFOs, controllers, enrolled agents, business managers and owners, presidents, vice presidents, CEOs, business and financial analysts, risk managers, operations managers, consultants and attorneys.
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