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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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