Description:
What is "best practice" in budgeting? How do I use my budget as a management tool?
This practical seminar teaches you the basics of budget management and is a
crash course on types of budgets,
budget methodologies, and technology tools for budgeting. This is the only budgeting and budget management
seminar developed specifically for community-based health and human service organizations.
Contact Hours: 6.0
What you will learn:
- Understand the terminology and structure of a typical budget
- Understand the advantages of various budgeting approaches
- Define typical components of the budget process - return-on-investment (ROI) analysis, revenue
projections, fixed costs, variable costs, and capital expenditures
- Understand the features of typical budgeting software
Who should attend?
- Executive directors
- Financial managers
- Any manager new to the budgeting process
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Event Agenda
Registration 8:00 AM
Session 1
The Growing Importance of Budget Development in the Current Financial
Environment
- Understanding Traditional Budgeting Models
- Developments in 'Best Practice' Budgeting: New Models in Budgeting
- The Uses of the Budget Development Process & Budgets in Management
Session 2
Components of the Budgeting Process
- Organizing the Budget Development Process
- Revenue Estimates
- Budgeting Fixed & Variable Costs
- Planning for Capital Expenditures in Your Budget
Session 3
Technology Tools for Budgeting Development
- Use of Excel Spreadsheets
- An Overview of Available Budgeting Software
- Roundtable Discussion: Integrating Technology in the Budgeting Process
Session 4
We Have the Numbers - Now What? Keys to Successful Budget Management
- Communicating Budget Decisions
- Establishing a System for Tracking Budgets
- Budgets & Budgeting in Employee Evaluations & Compensation
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