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Budgeting Strategies for Managers: Keys to Financial Success
On-Demand Recording
Summary
Being a successful manager or supervisor isn't just about effectively managing people, it's also about managing your budget. Understanding how to create a budget, then over-seeing it year-round can be daunting, but is imperative to the success of your department and the bottom-line.You may be familiar with budgeting, but how well do you understand what drives the numbers, how to spot trends and identify problems? Managing a budget is a primary role of managers. Our dynamic, comprehensive program will give you core principles and techniques to formulate, develop and implement a realistic budget that meets your department goals. Join us to discover:
- Clear guidelines for planning your budget
- How to prepare accurate budgets and forecasts
- Keys to keeping your budget on track
- What the numbers are telling you - spots trends and problems
- How to present ideas in financial terms for greater impact
Developing Your Budget: Guidelines for Managers & Supervisors
- Understanding capital, financial, and operational budgets
- Determine what data is needed for each type of budget
- Strategies for planning your budget and setting goals
- What a well-planned budget means for the bottom-line
The Magic of Numbers: Putting Your Financial Data to Work
- Analyzing financial data for performance and decision making
- Creating forecasts to predict future trends
- Improve expense tracking and forecasting for better accuracy
- Using your budget as a planning to improve performance
Maintaining Your Budget & Presenting the Results
- Checklists to keep you organized and on target
- Effective tools for sharing & communicating budget data
- Undertaking regular financial review to monitor your budget
- Keys to recognizing and managing financial risk
Question and Answer Session - Hear expert answers to real-world questions!
Program Benefits
In this information-packed program, managers and supervisors will learn how to develop, implement and maintain an effective budget. Also learn how to spot trends, manage expenses, and analyze results for decision-making.
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HRCI CREDITS
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org
