Budgeting Essentials for Business

Training overview
Professional Course
3 hours

Course description

Budgeting Essentials for Business

Without a well-planned budget, expenses can cut too deeply into revenues, potentially putting the organization at risk.

Do you understand how your budget fits into and supports your organizations strategic objectives? This instructor-led, virtual course will broaden your understanding of key budget-related financial terms and concepts, so you can accurately project expenses and justify expenditures.

Gain the know-how to make more financially informed decisions on behalf of your department, your team and the organization as a whole when you sign up today.

Want to find out more?

Training content

Session 1: The Foundations of Budgeting

  • Understand how a budget helps to achieve the strategic objectives of an organization
  • Describe how budgeting and forecasting differ
  • Explain how budgeting and forecasting are used to prepare a financial plan
  • Define the key phases of budgeting: preparation, development and control
  • Explore the features of commonly used budgeting techniques

Session 2: Common Types of Business Budgets

  • Explain the need for budgeting guidelines and the importance of compliance
  • Describe typical components used to build a master budget
  • List some common types of business budgets and the purpose of each
  • Discuss the advantages and disadvantages of select business budgets

Session 3: Taking Control of Budget Variances

  • Understand the concept of variance analysis and how frequently you should perform it
  • Explain how correlation and causation differ and which one is critical to variance analysis
  • Describe the risk of failing to focus on causation in variance analysis
  • Recognize, examine and address material variances that will help your organization be more efficient
  • Discuss controllable vs. non-controllable factors

Certification / Credits

  • Understand how your organizations budget supports its strategic objectives
  • Broaden your knowledge of key budget-related financial terms
  • Explore the pros of cons of commonly used budgeting techniques
  • Describe the purpose, key elements and features of select business budgets
  • Recognize material variances that help you fight off organizational threats

About SkillPath


SkillPath is a leader in business training with more than 30 years of experience. Our professional training programs prioritize learner engagement — helping theory take root with learners, so it transforms their thinking and becomes day-to-day practice. SkillPath’s courses are...

Read more and show all training delivered by this supplier

Contact this provider

Fill out your details to find out more about Budgeting Essentials for Business.

  Contact the provider

  Get more information

  Register your interest

Country *

Contact info


6900 Squibb Road
66202 Mission Kansas

 Show phone number

Request Information

Have a question about this course? Fill out this form and the provider will get in touch with you shortly

View again
Supplier Directory
Join our Supplier Directory to:
- Gain Traffic
- Get Noticed
- Showcase Your Services
- Free Listing Available