• Business Skills Training

    project_managementInterSource offers live instructor-led courses on all important operations-related skills, including Communications, Customer Service, Human Resources, Marketing, Team Building and Writing

    These live classes are offered via a Web interface.

  • About Business Skills

    Business Skills relate to communication used to promote a product, service, or organization; relay information within the business; or deal with legal and similar issues. It is also a means of relying between a supply chain, for example the consumer and manufacturer.

    Business Communication is known simply as "Communications." It encompasses a variety of topics, including Marketing, Branding, Customer relations, Consumer behaviour, Advertising,

    Public relations, Corporate communication, Community engagement, Research & Measurement, Reputation management, Interpersonal communication, Employee engagement, Online communication, and Event management. It is closely related to the fields of professional communication and technical communication.

    In business, the term communications encompasses various channels of communication, including the Internet, Print (Publications), Radio, Television, Ambient media, Outdoor, and Word of mouth.

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  • Course Details Business Skills

    Classes are offered via a live web conference. For detailed course outlines and scheduled classes, please see below.

    Online classes are never cancelled due to low enrollment. The instructors who teach our online classes are no less than outstanding, and each has years of practical and training experience.

    InterSource clients are active globally. Live web courses are priced in US dollars, and run during Eastern Standard Time (New York) business hours. We also run live web conference classes during European business hours, which can be invoiced in local currencies. For further information please contact us on +41 (22) 958 0114.

The Basics of Budgeting

Course duration

  • 2 days

Course Benefits

  • Learn to create budgets.
  • Learn budgeting terminology.
  • Learn budgeting methods.
  • Learn about operating budgets.
  • Learn about manufacturing budgets.
  • Learn about capital budgets.
  • Learn to analyze budgets.
  • Learn about capital budgeting.
Available Delivery Methods
Public Class
Public expert-led online training from the convenience of your home, office or anywhere with an internet connection. Guaranteed to run .
Private Class
Private classes are delivered for groups at your offices or a location of your choice.

Course Outline

  1. Basic Information
    1. Why Bother? Reasons Companies Plan
    2. The Planning Cycle
    3. The Basic Equation
    4. Four Necessary Ways to Present Every Plan
    5. Planning Philosophies
  2. Effective Planning in Your Organization
    1. A Plan is a Social Document
    2. Standards of Precision
    3. Line and Level of Control
    4. The Information Frontier
    5. Rules for Jungle Fighters
  3. How to Build Plans Efficiently
    1. Work Plans, Deliverables and Resources
    2. The Secret of the Five-Minute Budget
    3. A Resource Checklist
  4. How to Build a Strategic Plan
    1. How Long and Who Does It?
    2. The Mission Statement
    3. Analyzing the External Environment
    4. Analyzing Internal Capabilities
    5. Putting It All Together
    6. Example of a Strategic Plan
  5. Annual Operating Plan Preliminaries
    1. Drafting Annual Goals
    2. Organizational Planning
    3. Creating a Fiscal Calendar
    4. Fiscal Managers
    5. Accounting System Tune-Up
  6. How to Budget Sales
    1. A Five-Step Approach to Sales History
    2. Assumptions: Improving Your Vision of the Future
    3. Projections: Building a Chain of Inference
    4. Example of Sales Budget from Market Share
    5. Example of a Sales Budget from History
  7. How to Budget Cost of Sales
    1. Different Approaches
    2. Examples of an Analytical Approach
  8. How to Budget Labor Expense
    1. Policy Before Planning
    2. Appropriate Levels of Detail
    3. Payroll Calculations
    4. Handling Increases
    5. Labor Planning Tips
    6. Example of a Labor Budget
  9. How to Budget Other Expenses
    1. Typical Approaches
    2. Examples of Budgets
  10. How to Budget Depreciation Expense
    1. Depreciation Expense Is Complex
    2. Minimum Information You Will Need
    3. Quick Estimates of Depreciation Expense
    4. Example of a Depreciation Budget
  11. Balance Sheet and Cash Plans
    1. Balance Sheet and Cash Flow Overview
    2. An Aside to Computer Users
    3. Example of a Balance Sheet Budget
  12. Budget Reviews (from Both Sides)
    1. How to Conduct Budget Reviews
    2. How to Participate in a Budget Review
  13. Planning and Executing a Budget Process
    1. General Advice
  14. How to Create an Adjusted Plan
    1. What Is an Adjusted Plan?
    2. Adjusted Plans and Wiggle Room
    3. Managing Adjusted Plans
  15. Forecasting and Controlling Results
    1. Creating Forecasts
    2. Using Plans to Improve Business Control
  16. Budgeting fundamentals
    1. Overview
    2. Cash and master budgets
  17. Reviewing budgets
    1. Analyzing budgets
    2. Justification and approval
  18. Operating budgets
    1. Operating budget basics
    2. Operating budget terminology
    3. Operating budget methods
  19. Manufacturing budgets
    1. Manufacturing budget basics
    2. Interpretation
  20. Variance, forecasts, and action plans
    1. Variance and forecasts
    2. Action plans
  21. Capital budgets
    1. Capital budget basics
    2. Discounted cash flow method
  22. Capital budget analysis
    1. The capital budgeting process
    2. Capital budget evaluation

Class Materials

Each student will receive a comprehensive set of materials, including course notes and all the class examples.

Since its founding in 1995, InterSource has been providing high quality and highly customized training solutions to clients worldwide. With over 500 course titles constantly updated and numerous course customization and creation possibilities, we have the capability to meet your I.T. training needs.
Instructor-led courses are offered via a live Web connection, at client sites throughout Europe, and at our Geneva Training Center.