Post on 04-Apr-2018
7/29/2019 Budget and Financial Management
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Budget and Financial Management
KY TOpC
trategic Focs and Drivers Identifying and examining strategy Business trends
Mergers and acquisitions
Aggressive asset management
Outsourcing
Legislative and regulatory scrutiny
Balanced scorecard
Managing takeholder xectations Identify and analyze stakeholders Getting buy-in
The Basics of Finance Financial basics Accounting Costs, prots and protability Financial statements
Balance sheets
Income statements
Cash ow statements
Bdgeting kills
Budgeting basics Budget cycles Budgeting processes: planning,
approving, managing and reporting Budget elements Gather and categorize Prioritize Develop initial estimates Compile and total estimates Perform tradeos Finalize initial budget for approval
presenting a Bdget for roval Communicating budgets to decision makers Negotiating for resources
Managing and eorting Bdget
and Financial eslts Monitoring performance
Variances
Earned value technique Taking corrective action Budget reporting Closing out budgets Revenue recognition
YOu w TO:
Utilize ESIs Mindset Model to understand how nance and
accounting inuence management decisions
Ask the right questions to successfully create, present, monitor
and manage a budget
Negotiate for nancial resources
Communicate nancial information and results to stakeholders,
executives, colleagues and project teams
Correlate budget success with its presentation in nancial
reports
Recognize the relationships between primary nancial
statement line items by calculating and examining relevant
nancial ratios
COu YOp
In a global business environment, employees are increasingly
tasked with responsibilities outside of their traditional job roles.
Finance is the fastest growing area where senior managers are
looking to department sta and leaders for insight, understanding
and recommendations. Without understanding the fundamental
links between budgets and nance, many struggle to show senior
managers how their projects or departments contribute to the
organizations bottom line.
This course will help you understand the macro big picture and
micro line item context and trends of nanceas well as the
mechanics of developing budgets. It will give you the necessary
tools to make sound nancial decisions for your business unit.
Whether your goal is to stay on budget, increase overall cost-
savings or meet specic protability targets, real-world exerciseswill help you become familiar with standard nancial documents,
and use budget and estimating methods and tools more ef-
fectively. Specically, youll review and discuss commonly used
nancial metrics to not only understand the numbers, but also to
explore the not-so-obvious nancial impacts of typical operating
decisions and actionsfrom a project to organizational level.
After completing this course, youll better understand how to
gather, compile and prioritize nancial data to develop, execute
and manage a budget. You will also be better able to communi-
cate nancial and budgetary information, have greater condence
in assessing nances, and participate more eectively in the busi-ness decision-making process.
Recommendation: Please bring a calculator to class.
Classroom
$2,195 (3 days)
8:30 a..5 p..
Course Code
BUS-mY
cE cREIT
reoedatio:
Udergraduate
2 redit rs.
PUs: 22.5
cEUs: 2.2
cPE redits: 27
Ope eroet ad
o-site deiery aaiabe
uder GS-02F-0058P.
Updated!
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