Effective Budgeting And Cost Control: For Managers In Today’s Business World


  • Define basic financial terminology
  • Prepare a budget of any type or size
  • Get your budget approved
  • Perform basic ratio analysis
  • Make better financial decisions



“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” – Ayn Rand

For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organization’s financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table.

Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. This two-day workshop will help you prepare budgets and make decisions with confidence.


Participants must complete Essential Accounting Skills for Managers course before taking this workshop.

Finance Jeopardy

  • Key Concepts and Ideas

The Fundamentals of Finance

  • Basic Financial Concepts
  • Generally Accepted Accounting Principles
  • Your Role in Company Finances
  • Identifying the Key Players in Your Organization

The Basics of Budgeting

  • Defining a Budget
  • Types of Budgets
  • Understanding Where Your Budget Fits In

Parts of a Budget

  • Any Good Plan Should Have Four Parts:
    • The Story
    • The Numbers
    • The Statistics
    • The Indicators

The Budgeting Process

  • What the Budgeting Process Should Look
  • Step One: Gather the Budget Package
  • Step Two: Lay the Groundwork
    • Case Study (Part One)
  • Step Three: Identify Your Goals
    • Case Study (Part Two)
  • Step Four: Gathering Your Resources
  • Steps Five and Six: Planning and Doing
    • Case Study (Part Three)

Budgeting Tips and Tricks

  • Dos and Don’ts Of Budgeting

Monitoring and Managing Budgets

  • How Budgets Can Be Managed and Monitored

Crunching the Numbers

  • Understanding Ratio Analysis
    • current ratio, quick ratio, debt ratio, net and gross profit margin, return on sales ratio, debt to net worth ratio, cash turnover ratio, collection ratio, investment turnover, and return on investment

Getting Your Budget Approved

  • How to Get Around the Politics and Pencil-Pushers and Get the Needed Money

Comparing Investment Opportunities

  • Big Decisions Requires Proper Planning
  • A Quick Guide to Making Those Decisions

ISO 9001:2008

  • ISO 9001:2008 Process
  • Impact On Budgeting

Directing the Peerless Data Corporation

  • Decision One: Office Relocation
  • Decision Two: Reproduction Backlog
  • Decision Three: Improving Supervision
  • Decision Four: Job Enrichment
  • Decision Five: Staff Expansion



Course Price: