Budgeting systems and mechanics

Budgeting systems and mechanics


This course will help you identify the overall structural components of a budget. Through case studies and interactions, you will learn best practices for improving organizational effectiveness in developing and managing a well-conceived budget.

Learning Objectives:

  • Explain the basic whys and wherefores of a proper budget
  • Explore a variety of scenarios surrounding the context of budgeting
  • Build a controllable budget
  • List several ways to add value to your firm’s planning process
  • List key concepts for improving the quality of decision-making regarding budget issues
  • Apply the Rule of 80/20 to speed up the budgeting process.
  • Construct a plan for increasing the level of accountability in your budgeting process
  • Determine the underlying structure of your firm’s budget system
  • Eliminate the concept of allocations from your budget process
  • Formulate a more meaningful cost analysis