Build Better Budgets: Fundamental Techniques

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.

Highlights

The major topics that will be covered in this course include:

• Advantages of budgeting
• The role of budgeting
• Master budgeting
• Flexible budgeting
• Standards and variances
• Capital budgeting

Prerequisites

Basic Knowledge of Financial Statements

Designed For

CPAs in public practice or members in industry who want to enhance budgeting skills.

Objectives

After attending this presentation, you will be able to...

• 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

Preparation

None

Notice

This is an OnDemand course offered by a third-party vendor. To access the course after purchase, go to My NESCPA and then My CPE and click on My OnDemand. Individual courses are available 90 days from the date of purchase.