This 2-day course reviews the key steps in budget preparation including month end accruals and adjustments, preparation of special reports for management, cash flow analysis, and completion of variance analysis reports.
PROGRAMME CONTENT
REVIEW OF THE BASICS
- A brief review of the main sources of entries and how they impact on budget preparation and variance analysis.
- Review of the main structure for financial statements and explore in more detail the types of accounts that each budget category may contain.
- Gain an understanding of the important factors used in budgeting.
- Review how to analyze variances and report to management.
INTERACTIVE CASE STUDIES
- Prepare budgets for a sample company; compute all calculations for sales, depreciation, interest, prepaids, and month end accruals.
- Review the reasoning and need for a budgeted cash flow analysis. Prepare a cash flow analysis.
- Participate in problem solving cases involving budgeting for cash, P& L and capital.
- Complete a case study on budgeting that includes comparison of budget with actual results and the preparation of a variance analysis report.
WHAT YOU WILL LEARN
- The important concepts and steps to follow when preparing a budget.
- How to use budgets, variance reports and cash flow analysis to manage a business.
COST
$225 (Members)
$300 (Future Members)
CANCELLATION POLICY:
CANCELLATIONS MUST BE RECEIVED IN WRITING 72 HOURS PRIOR TO THE COURSE IN ORDER TO OBTAIN A REFUND. NO SHOWS WILL BE CHARGED THE FULL AMOUNT.
PARKING
Parking is available in any VISITOR designated parking spot.
INSTRUCTOR
CLICK HERE for a biography of our instructor, Mr. Terry Carson