Overview
This session provides insights for enhancing the preparation and utilization of budgets. Seasoned accountants will benefit from a refreshed awareness of popular techniques. Budding financial professionals will obtain novel insight regarding fundamental budgeting concepts. All participants will develop an appreciation for the holistic nature of budgeting as an integral tool for planning and control.
Objectives
- Recognize the importance of budgeting
- Identify components of a master budget
- Distinguish the utility of flexible budgets
- Analyze the role of variances
- Apply capital budgeting techniques
Highlights
- Advantages of budgeting
- The role of budgeting
- Master budgeting
- Flexible budgeting
- Standards and variances
- Capital budgeting
