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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