COURSECA$213
How to Prepare an Operating Budget
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1.5 hours 4.4(21 ratings)
-54%
CA$97
About this course
This course provides a detailed framework for preparing an operating budget for individuals who may not have prior experience doing this. You are taught how to prepare operating budgets that will be accurate and useful and aid in forecasting future performance for your company or organization. An operational budget will show your financial plan for the next year and identify potential risk areas that can be mitigated. Key performance indicators will show how operating activities relate to each other. Participants will learn to compare actual performance to the budget and learn the strengths and weaknesses in their plan. The following sectors are explored: manufacturing, retail, service, not for profit, and the public sector.
Topics include:
Incremental vs zero based budgets
Ground up approach
Types of expenses
Addressing risk
Tying operating budgets to strategic plan
This course includes:
1.5 hours on-demand video
Intermediate level
No preparation required
Published At Apr 24, 2020
Certificate of completion
No prerequisites
1 year access
Updated At Feb 8, 2021