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Developing, Managing and Analyzing a Budget: Understand and Implement an Effective Budget for Better Management and Financial Decisions

Operating without a plan or budget is an invitation to fail.

Many organizations flounder not because they are ineffectual at their operations, but because they simply meander, lose focus, and do not see the goal posts. This topic will show how to design and implement proper planning and budgeting, which are the keys to success. This concept is critical for businesses - no matter how large or small, non-profits, and governments; it also does wonders for one's personal finances, too. Budgeting is a dynamic process, not a static one. By knowing the types of budgets and processes that have worked for others, one can create an environment and procedure that is a tool for attainment of organizational goals, without the pitfalls of trial and error. Budgeting is critical for any organization - successful executives and business owners always design and implement a workable budget - they know where the strengths and weaknesses are, and if budget cutting must be implemented in the foreseeable future. A suitable budget will, indeed, help define and shape those goals, as well as evaluate the likelihood of achievement. Business success is on the way.

Runtime: 92 minutes
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Why Lorman?

Over 33 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

Overview of Budget Basics

  • Welcome
  • Budgets and Strategies
    • What Is the Goal?
    • Start at the End
    • Strategic Planning
    • NonFinancial

Essential Elements to Productive Budgets

Process

  • Types of Budgets
    • Samples Budget vs. Actual
  • Prepare
  • Monitor
  • Cost vs. Benefit
  • Means, Not an End

What Is Wrong With Most Budget Processes?

  • Dysfunction
  • Responsibility
  • Incremental/Decremental
  • Meandering

Budget Cuts - Rules for Successful Cutbacks

Analysis

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More Program Information

Why Lorman?

Over 33 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 November 8, 2018.

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

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

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Why Lorman?

Over 33 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

Brian D. Levine, M.B.A., CPA

Brian D. Levine, M.B.A., CPA

Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC

  • Founder of Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC
  • Service clients nationally and locally regarding: accounting, taxes, investment planning, financial and economic analyses, litigation support, expert witness work and management counseling
  • Frequent speaker and has written several publications
  • Member of numerous professional organizations
  • M.B.A. degree, Rutgers Graduate School of Management; B.A. degree, Rutgers College
  • Can be contacted at 732-846-5454 or [email protected]
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Why Lorman?

Over 33 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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Product ID: 404487
Published 2018
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