It can be extremely difficult to assemble all of the information needed for a creditable corporate budget in a timely manner and then continue to refer back to it throughout the budget period. Many companies become so frustrated with the process that they implement an oppressive, top-down system of adherence to the budget or - at the other extreme - give up budgeting altogether. This course addresses all aspects of the budgeting conundrum - how to create a budget, whether there are variations on the concept that may work better, and how to operate without any budget at all. This course also covers capital budgeting, flexible budgeting, zero-base budgeting, and all of the procedures, controls, and reports needed for a functioning budget system. With detailed descriptions of budgeting systems, reports, and controls, this course will benefit both beginning and experienced accountants alike.
Cost-Volume - Profit Analysis. The Revenue Budget. The Production Budget. The Direct Labor Budget. The Cost of Goods Sold Budget. The Research and Development Budget. The Capital Budget. The Master Budget. Flexible Budgeting.
CPAs, auditors, consultants, and financial and managerial professionals.
Identify the purpose of budgeting, citing advantages and disadvantages. Specify the areas within an organization where there is a bureaucracy supporting the use of budgeting. Identify the components of cost-volume-profit analysis, noting the relationship between costs, unit volumes, and profitability as well as ways that this type of analysis can be used. Determine the number of units sold as well as the sales mix variance given a set of circumstances. Identify the types of budgets that are included in the system of budgets, noting key elements as well as their intended purpose. Recognize the operating decisions that can impact the system of budgets as well as reasons for budget iterations, and more.
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $419.00
Member Price $364.00