New Horizons Computer Learning Center
410-597-9722

Budgeting

Course Length: 1 Day

Overview:
In this course, students will learn how to describe and understand the budgeting process, identify the elements of a budget, and identify the types of budgets used within companies.

Course Objectives:
Upon successful completion of this course, students will be able to:

• Describe the budgeting process, identify the elements of a budget, and identify the types of budgets used within companies
• Use various budget analysis methods, and justify and receive approval for a budget
• Identify the purpose of and methods for preparing an operating budget, and describe zero-based and activity-based budgeting in detail
• Identify the components of a manufacturing budget, describe flexible budgeting, and derive useful information from a manufacturing budget through key measurements and analysis of variance
• Classify variances and use them to address performance issues, forecast budgeting periods, and formulate action plans to resolve variance issues
• Describe the purpose of capital budgeting, define its terminology, and perform discounted cash flow calculations such as future value, present value, and net present value
• Assemble and justify a capital budget, as well as evaluate and approve capital budget requests

Course Content

Lesson 1: Budgeting Fundamentals

• Overview
• Cash and master budgets

Lesson 2: Reviewing Budgets

• Analyzing budgets
• Justification and approval

Lesson 3: Operating Budgets

• Operating budget basics
• Operating budget terminology
• Operating budget methods

Lesson 4: Manufacturing budgets

• Manufacturing budget basics
• Interpretation

Lesson 5: Variance, Forecasts, and Action Plans

• Variance and forecasts
• Action plans

Lesson 6: Capital Budgets

• Capital budget basics
• Discounted cash flow method

Lesson 7: Capital Budget Analysis

• The capital budgeting process
• Capital budget evaluation

6940 Tudsbury Road, Baltimore, MD 21244
P: 410-597-9722
www.nhbaltimore.com