In many organizations the budget is a necessary evil. Is it possible to enhance the budget to be more effective and efficient? We will show you how. This seminar focuses on improving the entire budget process including how to prevent budgeting missteps, creating flexible budget models and how to deal with budgeting’s people issues. Organizations often fall into the trap of following the same steps of annual budgeting without weeding out the flaws that creep in. For large and small organizations looking to refresh the results, purpose, and engagement of their budgeting, several key tools will be discussed. Learn more about the keys of successful budgets. This seminar will show you a step-by-step method to improve the entire budget process.
Major Topics
• What are the steps we can take to budget for external factors beyond our control?
• Common budgetary problems and discussion of solutions
• How to build a flexible budget model that works
• How to build a volume sensitive model
• Budgeting to GAAP and for the Board to understand
• Efficiently modeling payroll and benefits
• Identifying controllable and uncontrollable expense
• Using key variables to stress-test your budget
• Managing and coping with the budget team
• Effectively dealing with the A, B, C and other players
• How to communicate so others can understand the budget
• Tips and tricks for budget presentations.
