Budgeting Training: Budgeting Basics

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In this budgeting training course, students learn to create, review, and manage budgets. Virtually every aspect of budgeting is covered, from preparing revenue and expense forecasts to developing your own personal plan.

Students learn about different types of budgets and the elements of a successful budget. Students also learn how to analyze and compare budgets, and create operating and manufacturing budgets. Course activities also cover the basics of capital budgeting, discounting cash flow methods, determining discount rates, assembling a capital budget, and justifying a capital budget.




  1. Learn to create budgets.
  2. Learn budgeting terminology.
  3. Learn budgeting methods.
  4. Learn about operating budgets.
  5. Learn about manufacturing budgets.
  6. Learn about capital budgets.
  7. Learn to analyze budgets.
  8. Learn about capital budgeting.
  1. Basic Information
    1. Why Bother? Reasons Companies Plan
    2. The Planning Cycle
    3. The Basic Equation
    4. Four Necessary Ways to Present Every Plan
    5. Planning Philosophies
  2. Effective Planning in Your Organization
    1. A Plan is a Social Document
    2. Standards of Precision
    3. Line and Level of Control
    4. The Information Frontier
    5. Rules for Jungle Fighters
  3. How to Build Plans Efficiently
    1. Work Plans, Deliverables and Resources
    2. The Secret of the Five-Minute Budget
    3. A Resource Checklist
  4. How to Build a Strategic Plan
    1. How Long and Who Does It?
    2. The Mission Statement
    3. Analyzing the External Environment
    4. Analyzing Internal Capabilities
    5. Putting It All Together
    6. Example of a Strategic Plan
  5. Annual Operating Plan Preliminaries
    1. Drafting Annual Goals
    2. Organizational Planning
    3. Creating a Fiscal Calendar
    4. Fiscal Managers
    5. Accounting System Tune-Up
  6. How to Budget Sales
    1. A Five-Step Approach to Sales History
    2. Assumptions: Improving Your Vision of the Future
    3. Projections: Building a Chain of Inference
    4. Example of Sales Budget from Market Share
    5. Example of a Sales Budget from History
  7. How to Budget Cost of Sales
    1. Different Approaches
    2. Examples of an Analytical Approach
  8. How to Budget Labor Expense
    1. Policy Before Planning
    2. Appropriate Levels of Detail
    3. Payroll Calculations
    4. Handling Increases
    5. Labor Planning Tips
    6. Example of a Labor Budget
  9. How to Budget Other Expenses
    1. Typical Approaches
    2. Examples of Budgets
  10. How to Budget Depreciation Expense
    1. Depreciation Expense Is Complex
    2. Minimum Information You Will Need
    3. Quick Estimates of Depreciation Expense
    4. Example of a Depreciation Budget
  11. Balance Sheet and Cash Plans
    1. Balance Sheet and Cash Flow Overview
    2. An Aside to Computer Users
    3. Example of a Balance Sheet Budget
  12. Budget Reviews (from Both Sides)
    1. How to Conduct Budget Reviews
    2. How to Participate in a Budget Review
  13. Planning and Executing a Budget Process
    1. General Advice
  14. How to Create an Adjusted Plan
    1. What Is an Adjusted Plan?
    2. Adjusted Plans and Wiggle Room
    3. Managing Adjusted Plans
  15. Forecasting and Controlling Results
    1. Creating Forecasts
    2. Using Plans to Improve Business Control
  16. Budgeting fundamentals
    1. Overview
    2. Cash and master budgets
  17. Reviewing budgets
    1. Analyzing budgets
    2. Justification and approval
  18. Operating budgets
    1. Operating budget basics
    2. Operating budget terminology
    3. Operating budget methods
  19. Manufacturing budgets
    1. Manufacturing budget basics
    2. Interpretation
  20. Variance, forecasts, and action plans
    1. Variance and forecasts
    2. Action plans
  21. Capital budgets
    1. Capital budget basics
    2. Discounted cash flow method
  22. Capital budget analysis
    1. The capital budgeting process
    2. Capital budget evaluation
Class Materials


Training for Yourself

$890.00 or 2 vouchers

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Training for your Team

Length: 2 Days
  • Private Class for your Team
  • Online or On-location
  • Customizable
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What people say about our training

Andrea Shuster
University of Pennsylvania School of Medicine
The Webucator instructor was knowledgeable and the material was relevant. I strongly recommend them!
Larry Spencer
Optimum Networking
This is not what I expected for a web-based class. I loved that the class size was so small and that we were able to have as much interaction with the instructor as we did. Instructor did an amazing job! I Definitely would recommend Webucator to my co-workers and friends.
Kimberly Hernandez
Colorado Dept of Local Affairs
Chris Galante
CDG, A Boeing Company

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Students rated our Budgeting Training: Budgeting Basics trainers 9.89 out of 10 based on 21 reviews

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