This session provides insights for enhancing the preparation and utilization of budgets. Seasoned accountants will benefit from a refreshed awareness of popular techniques. Budding financial professionals will obtain novel insight regarding fundamental budgeting concepts. All participants will develop an appreciation for the holistic nature of budgeting as an integral tool for planning and control. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- State the relationship between sustainable growth, core earnings, and company cash flow
- Recognize how time assessments and customer segmentation can be used to identify cash flow negative clients.
- Identify common behavioral biases which influence how a company spends money
- List behavioral biases that prevent companies from being streamlined
- State techniques that may be used to make cost cutting a part of the company's culture and business strategy
- Identify techniques that may be used to discern whether or not additional headcount is necessary
- Recognize vertical and horizontal financial statement analysis
- List contracting and negotiation techniques
- Recognize the business cycle and how cash flow management changes during each stage
Major Topics
The major topics that will be covered in this course include:
- Why do most managers not understand financial reports?
- The mistakes users make and the mistakes the accountants make.
- Steps to take to correct the issues.
- What do managers need from their reports?
- The step-by-step process to build reports to give them vital information.
- How to learn what your users want.
- Alternative methods to present reports.
- Systems and software could be helpful.
- Examples of great reports.
- What works and what does not work well?
- Crafting the report to suit your audience.
- The benefit of and necessity of an annual review.
