PROGRAM OVERVIEW
Gain a thorough understanding of general budgeting principles  to guide your ability to develop and manage a variety of budget  types. Lead and apply the steps involved in developing a master  budget. Practice tracking performance, forecasting, and contingency planning as a part of managing your budget.
 
PROGRAM OBJECTIVES
This program is designed to provide you with the knowledge and skills necessary to:
This program is designed to provide you with the knowledge and  skills necessary to:
Apply the general principles and methodologies for budgeting
Differentiate between department, responsibility, cash, capital, and master budgets
Develop a master budget
Contribute to forecast and develop contingency plans for budget variances
 
PROGRAM OUTLINE
SECTION 1: Introduction
 
SECTION 2: Budgeting Basics
Distinguish between Business Plans vs. Budgets
Recognize Advantages of Budgeting
Identify General Principles of Budgeting
Apply Budgeting Methodologies
 
SECTION 3: Types of Budgets
Department Budgets
Responsibility Budgets
Cash Budgets
Capital Budgets
Master Budgets
 
SECTION 4: Managing to the Budget
Review Performance Against the Plan
Recognize When to Take Action to Bring Expenditures into alignment with Planned Spending
Apply Budget Variances for Fixed and Flexible Budgets
 
SECTION 5: Capital Budgets
Describe the Major Components of a Capital Budget
Apply Capital Budget Concepts When Preparing for a new  HRIS System
 
SECTION 6: Conclusion
 
Recertification
SHRM: 7.5 PDCs