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AMA's Comprehensive Budgeting Workshop

Your Immediate Take-Aways Use and analyze robust budgets Use budgeting to help determine strategic direction Being responsible for the budgeting means you’re playing a vital role in your organization’s future. Your budget enables you to pinpoint critical variables that impact profit so your company can successfully pursue business goals and create value. In this seminar, you will learn how to work with, develop and present budgets aligned with business strategic goals. Working in groups, you’ll gather the information you need to construct and analyze operating budgets. You’ll practice evaluating and revising your budget to increase its chances of acceptance. This is your opportunity to gain the tools and insights to craft the budget your company needs to overcome obstacles and achieve success.  

Seminar Number: 02259

4.6
(84 reviews)
  • Live Online
  • At Your Company Location

Course Scheduling & Pricing

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About This Course

A well-built budget does more than track spending. It helps leaders connect priorities with their financial reality. This budgeting workshop walks participants through the structure and logic behind effective budgets, showing how stronger planning supports better business decisions. Through hands-on work learning the fundamentals of budgeting, the program helps professionals build more confidence in using budgets to guide performance, accountability and long-range planning.

Read the FAQs

Who Should Attend

Managers and anyone with budget responsibilities who are interested in developing or improving their budget planning skills.

  •   Live Online2 Day(s)
    12 CAE, 1.2 CEU, 12 CLP, 14.4 FP&A, 12 PDCs, 12 PDU, 12 PHR, 12 PMU, 12 SPHR
 
 

Your Immediate Take-Aways

  • Use and analyze robust budgets
  • Use budgeting to help determine strategic direction

Being responsible for the budgeting means you’re playing a vital role in your organization’s future. Your budget enables you to pinpoint critical variables that impact profit so your company can successfully pursue business goals and create value.

In this seminar, you will learn how to work with, develop and present budgets aligned with business strategic goals. Working in groups, you’ll gather the information you need to construct and analyze operating budgets. You’ll practice evaluating and revising your budget to increase its chances of acceptance. This is your opportunity to gain the tools and insights to craft the budget your company needs to overcome obstacles and achieve success.

 

  • Accurately develop an operating budget based on forecasted sales, revenues and costs
  • Work with a well-planned budget that clearly highlights crucial variables that impact profit
  • Know the line items on the income statement, their metrics and interdependencies
  • Develop high-level and alternative strategies to help your company reach specific goals
  • Define variances so you can quickly implement changes to meet your company’s financial objectives
  • Develop and present a well-thought-out budget that will get buy-in
  • Effectively use your budget to provide strategic direction and a blueprint for the upcoming year
  • Overview of the planning and budgeting process
  • Understanding the definition, purpose and components of a budget
  • Operating budget vs. capital budget
  • Relationships and metrics of line items on the income statement and the operating budget
  • Specific steps to improve the metrics
  • Addressing issues and challenges when dealing with assumptions and targets
  • Revising and finalizing the budget
  • Organizing and delivering your operating budget for feedback and final approval
  • Obtaining tips, guidelines and recommendations for developing and presenting your budget
  • Performing a variance analysis and identifying potential sources and causes
  • Knowing exactly which variances to address in order to plan for next year’s budget

Special Feature

Extra: You will receive budget templates that you can immediately use in your workplace.

Note: Please bring a calculator and laptop to this seminar

Learning Objectives

  • Explain Why an Organization Needs a Budget
  • Distinguish between Operating and Capital Budgets
  • Prepare and Present an Operating Budget
  • Analyze a Budget, Based on Variances, and Take the Appropriate Actions Related to Performance

Income Statement Review

  • Describe What a Budget Is and Its Purpose
  • Differentiate between an Operating Budget and a Capital Budget
  • Define the Line Items on an Income Statement
  • Recognize How the Line Items Relate to Each Other and the Metrics That Can Be Derived from Them

Preparing an Operating Budget

  • Recognize How the Items in a Budget Relate to Upper-Management Assumptions/Targets about the Budget
  • Develop Budget Strategies for Meeting Those Targets

Presenting an Operating Budget

  • Properly Organize, Format the Components Of, and Deliver an Operating Budget Presentation

How to Effectively Use a Budget

  • Define Budget Variances and Identify Potential Sources for These Variances
  • Perform a Variance Analysis and Determine the Actual Source(s)
  • Identify and Implement Changes to the Budget, If Necessary
  • Apply Lessons Learned from This Evaluation to the Preparation of the Following Year’s Budget

Download Extended Seminar Outline PDF

View a Sample of Our Reviews

4.6

84 reviews

 
The course leader was very knowledgeable and was able to convey the curse material in a way that was easy to understand
4
Kyle W.
 
Marine Manager
 
Industry: Energy, Utilities & Waste
excellent trainer with extraordinary knowledge of the topic
5
Maria D.
 
Office Manager
 
Industry: Law Firms & Legal Services
This seminar has proven to be exceedingly beneficial by providing back-ground context and confirmation for current procedures in place and provided the opportunity to review the rationale for competing budgetary planning concepts.
5
Anthony S.
 
Sr. Mgr. Business Operations
 
Industry: Organizations
Good details, great interaction and pushing for questions. Liked the break out rooms.
4
Sunil D.
 
Senior NNOC Manager
 
Industry: Telecommunications
The information and exercises really put everything into perspective. I was able to breakdown my own budget at my workplace into something I could understand, which I couldn't before. The exercises were vague enough to plug in my own, but descriptive enough to handle any obstacles faced during a budget build.
5
Nerson R.
 
Operations Shift Supervisor
 
Industry: Manufacturing

This course is valid for 12 PMUs.

As a CAE Approved Provider educational program related to the CAE exam content outline, this program may be applied for 12 credits toward your CAE application or renewal professional development requirements.

Approved for up to 14.4 FP&A recertification credits by the Association for Financial Professionals at the rate of one credit for each 50 minutes of attendance.

American Management Association is accredited by the International Accreditors for Continuing Education and Training (IACET) and is accredited to issue the IACET CEU.

Talent Triangle PDUs
12 Business Acumen [BA]
Project Management Institute (PMI) Talent Triangle, 2015.
Reproduced with the permission of PMI. Copyright and all rights reserved

HRCI. The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

SHRM logo.

AMA is recognized by SHRM to offer Professional Development Credits (12 PDCs) for the SHRM-CPSM or SHRM-SCPSM.

Live Online Schedule

4 Sessions Available

Frequently Asked Questions

What will I learn in a budgeting workshop like this?

This budgeting workshop helps professionals understand how to develop, manage and evaluate organizational budgets. Participants learn practical budgeting techniques such as forecasting expenses, analyzing financial data and aligning budgets with business goals.

What are the fundamentals of budgeting?

The fundamentals of budgeting include estimating revenues and expenses, allocating resources, monitoring financial performance and adjusting budgets as conditions change. Understanding these principles helps managers make informed financial decisions and manage departmental resources effectively.

Who should attend this budgeting workshop?

This budgeting workshop is designed for managers and professionals who have budget responsibilities or contribute to financial planning within their departments. It is especially helpful for individuals who want to strengthen their understanding of the fundamentals of budgeting, improve budget-planning skills and make more informed financial decisions.

How do budgeting workshops help managers make better financial decisions?

Budgeting workshops help managers understand how financial planning supports organizational strategy. By learning how to interpret financial information and manage resources effectively, managers can make decisions that support both departmental goals and overall business performance.

What skills are taught in budgeting seminars?

Budgeting seminars focus on practical financial planning skills such as budget preparation, variance analysis and expense forecasting. Participants also learn how to monitor budgets and communicate financial information more effectively within their organizations.

I have recently been given budget responsibility. Will a budgeting workshop help?

Yes. Many professionals attend a budgeting workshop when they begin managing budgets for the first time. The program provides practical guidance on building budgets, understanding financial reports and making informed budgeting decisions that support organizational goals.
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