Title:Preparing Operating Budgets and the Cash Budget
PMI Product ID:00101504900
PDU Category:CategoryA
PgMP® PDUs:1
Member Price:$45.00
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Student Member Price:$45.00
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Detailed Description:This course requires Adobe Flash Player version10.xx, 11.xx or 12 to run.

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Delivery Method:E-Learning (Self-Paced)
Duration:1 Hours
Course Objectives:Budgets translate an organization's strategic plans into actionable goals for respective departments. The cash budget and operating budgets, in particular, help departments plan the allocation and use of organization's financial resources. A budgeted income statement, which is the final operating budget to prepare, represents an organization's expected profitability if activities are carried out as planned in operating budgets. A cash budget is prepared to ensure availability of adequate cash to pay for expenses incurred during budgeted period. This course explores how some of the key operating budgets are prepared. In particular, it examines operating budgets that deal with production and cost of goods produced; and sales, administrative, and general expenses. It also explains how various figures for a budgeted income statement are calculated. Finally, it discusses various components of a cash budget. By the end of the course, you should:

•recognize the benefits of being able to prepare operating and cash budgets
•prepare a production budget in a given scenario
•calculate the budgets used to determine the cost of goods produced
•calculate the Selling, Administrative and General expenses (SAG) budget for a specific period
•Identify the steps to take to prepare a budgeted income statement
•match sub-categories to the cash budget components to which they belong

Appropriate Audience:Finance and nonfinance professionals, functional managers, executives and all individuals involved directly or indirectly with the budgetary planning and an organization’s control
Technical Requirements:Browser: Microsoft Internet Explorer 8 and 9 or 10 and 11 in “compatibility mode” Firefox 20.x or higher, CHROME 30.x or higher
Internet Connection: 56 KB Modem as minimum, 128 KB recommended
Memory: 256 MB minimum, 512 MB recommended
Operating System: Windows 2000, XP or Windows 7 or 8 (This course is not supported on iOS phones and tablets)
Plug-in: Macromedia Flash 10 or higher plug-in
Processor: Pentium II 300 minimum, Pentium III recommended
Speakers: Multimedia speakers or headphones
Course Level:Intermediate
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