Training
Provided by 123-CBT Computer Based Training
Budgeting: Creating and Analyzing a Budget gives the student an overview of the purpose of budgeting, the types of budgets, and the elements of a successful budget. The program includes a process for creating a budget, ways to analyze and compare budgets, and important guidelines to apply during the budgeting process.
Learn To
List the five purposes of budgeting.
List the various types of budget.
List the steps of the budgeting process.
Identify the elements of a successful budget.
Identify five methods for analyzing budget information.
Identify guidelines to remember during the budgeting process.
Audience
Managers who want to gain advanced competency in the areas of budgeting and capital investing.
Identify your responsibilities when creating a budget.
List the various types of budgets.
Demonstrate an understanding of different types of budgets.
List the steps of the budgeting process.
Simulation Overview:
In this simulation, you will meet with Maggie Roberts, one of Icon's Budget Accountants, to discuss why businesses design budgets. Maggie has played an integral role in Icon's budget, and she will be asking you a series of questions designed to increase your understanding of budgeting basics. Through her questions and your answers, you will be able to identify the purposes of budgeting, distinguish between different types of budgets, and list common the steps of the budgeting process.
Unit 2: Compiling the Parts of the Budget(0.5 - 1 hour)
Match each element of a successful budget to its definition.
Identify the elements of a successful budget.
Identify the components of a cash flow statement.
Identify reasons to consult with others when developing a budget.
Simulation Overview:
In this simulation, you will meet with Elizabeth Thomas, a Budget Analyst in Icon's Financial Services Department, to discuss how different parts of a budget are compiled. Since the main goal for your meeting with Elizabeth will be increasing your understanding how a budget is put together, she'll be asking you a series of questions on both the parts of a budget and the process for putting a budget together. Through her questions and your answers, you will be able to identify the elements of a successful budget, the components of a cash flow statement, and the reasons to consult with others when developing a budget.
Unit 3: Reviewing the Budget(1 hour)
Identify five methods for analyzing budget information.
Identify guidelines to remember during the budgeting process.
Identify common pitfalls you should avoid during the budgeting process.
Simulation Overview:
In this simulation, you will meet with John Cunningham, a senior member of Icon's budgeting team, to discuss the process for reviewing a budget. Since John has been a Budgeting Accountant at Icon for over a decade, he has reviewed all types and sizes of budgets throughout his career. Today, he will be asking you a series of questions designed to increase your understanding of how a budget is reviewed. Through his questions and your
Training Avaliability and Delivery
This is primarily online training
This is an online eLearning or CBT training program
This program may be available on CD
Contact 123-CBT Computer Based Training for more information
About 123-CBT Computer Based Training - Training Provider
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