Course Description

Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.

Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance? 

There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.

In this course, Rob Stephens will focus on the Master Budget and the budgets that comprise it. There's a method to the madness when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.

Note: This course is part of a three-part series "Better Budgeting." The three parts are:

• The Master Budget and Sub-Budgets (this course)
• The Budgeting Process
• Budgeting Alternatives

The individual courses can be taken on their own (links above) or as part of the full course HERE

Learning Objectives

• Recognize the role of the master budget and sub-budgets
• Discover key steps in the budgeting process
• Identify cash implications of a budget

Prerequisites

• None