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!
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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
- 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]
Add to Wishlist
More Program Information
Why Lorman?
Over 37 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.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
