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  • Finance and Accounting Training

    accountingInterSource offers live instructor-led courses on the most useful and important finance and accounting subjects, including Accounting, Budgeting, Finance, Microsoft Excel and Quickbooks.

    These live classes are offered via a Web interface.

  • About Finance and Accounting

    Accountancy is a branch of mathematical science that is useful in discovering the causes of success and failure in business. The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing.

    Corporate finance is an area of finance dealing with financial decisions business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize corporate value while managing the firm's financial risks.

    Although it is in principle different from managerial finance which studies the financial decisions of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.

    Managerial finance is an interdisciplinary approach that borrows from both managerial accounting and corporate finance. Sound financial management creates value and organisational agility through the allocation of scarce resources amongst competing business opportunities. It is an aid to the implementation and monitoring of business strategies and helps achieve business objectives.


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  • Course Details Finance and Accounting

    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.

Budgeting Training: Budgeting Basics

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Course duration

  • 2 Days

Course Outline

In this budgeting training course, students learn create, review, and manage budgets. Virtually every aspect of budgeting is covered, from preparing income statements and company expense reports, to developing your own personal plan.

Students learn about different types of budgets and the elements of a successful budget. Students also learn how to create a budget, analyze and compare budgets, and create operating and manufacturing budgets. Course activities also cover the basics of capital budgeting, discounting cash flow methods, determining discount rates, assembling a capital budget, and justifying a capital budget.

  • 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.
  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

InterSource Geneva, a premier Information Technology training firm, offers over 400 different courses on server, database and programming technologies, as well as end-user classes for the most popular office, graphics and design applications. We serve clients in Switzerland (Geneva, Lausanne, Bern, Basel, Zurich) and throughout Europe (France, Germany, Austria, Finland, Sweden, England, Netherlands, Spain, etc.).


InterSource offers custom, private courses at client sites, standard public courses in our Geneva classroom, and online training via live Web conference. Training is offered in English and many other languages (Francais, Deutsch, Espanol, Italiano.)


For an overall view of our offerings, please visit us at www.intersource.ch.