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OnDemand Course

HR Budgeting: Translate Your Goals Into Revenue Terms

Gain an insight on key concepts and issues surrounding the HR budget process.

The word "budget" often evokes many emotions - fear, intimidation, frustration, boredom, and even anger. The thought of having to quantify or justify every HR activity can be overwhelming, but it does not have to be. In this topic, you will learn to harness the power of budgets by developing a well thought out financial plan that guides your department through the upcoming months and years. Once you understand the budgeting process, you can create an effective and empowering budget that will wow your boss!

87 minutes
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Purpose of Budget

  • Fundamental Purpose
  • Secondary Purpose
  • Compliance
  • Management Tool

Types of Budgets

  • Short-Term
  • Long-Term
  • Capital
  • Ad-Hoc
  • Zero-Based
  • Historical
  • Combination

Budget Cycle

  • Never-Ending Process
  • Formulation
  • Monitoring
  • Variance Analysis
  • Goals, Trends, Findings

Forecasting

  • Types of Expenses
  • Benchmarking

Variance Analysis

  • What Causes Variances
  • How to Find Variances
  • To Act or Not to Act

Accounting's Role in Budgeting

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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on August 25, 2020.

Call 1-866-352-9540 for further credit information.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Wendy Dutenhoeffer

Wendy Dutenhoeffer

  • Partner at Holly Lane Consulting
  • Specializes in business finance and operational assessments with a focus on nonprofits, small-medium businesses and government agencies
  • Certified instructor for the Institute of Real Estate Management (IREM) finance budgeting, cash flow, and reporting for investment real estate
  • Conducts regular seminars and workshop on business, finance, and team building
  • Author of several articles on finance and leadership; published in Police Magazine, Women in Law Enforcement, Campus Safety Magazine, GovLoop Featured Blogger, NextGen, the Wyoming Law Enforcement Academy for Leadership Development, and West Sound Home and Garden Magazine
  • Member of the Institute of Real Estate Management
  • Holds the Certified Property Manager designation
  • B.A. degree in business administration and finance, Idaho State University
  • Can be contacted at 208-521-2639 or [email protected]
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!


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Additional benefits include:

  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407761
Published 2020
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