Budget Concepts for Non-Financial Leaders

In Budget Concepts for Non-Financial Leaders , you'll learn ...

• The Need For A Budget
• Important Topics To Consider When Developing A Budget
• The Questions to Consider When Developing a Budget
• Other Little Considered Topics for Developing a Budget

Overview

Preview a portion of this course before purchasing it.

Credit: 2 CPD

Length: 40 pages

This course is designed to help those in mid-level or line leadership positions in organizations or projects who do not have financial backgrounds to understand more about the behind-the-scenes activities involved in selecting, collecting, and monitoring data involved in typical budget development.

It will help leaders who do have strong financial backgrounds develop their subordinates’ knowledge and skills so they can confidently accept a greater responsibility in managing the department’s budget.

Participants are taught how to analyze critical historical data for making confident predictions of future demand on equipment, staffing, and other budget-sensitive resources.

There is an easy-to-follow guide to making a budget monitoring worksheet using popular spreadsheet software.

Please note: This course does not pretend to be a resource for financial professionals. It is designed for those who need to understand the broad "why" of budgets but not the details of "how."

Learning Objectives

Upon completion of this course, participants will be able to:

• Explain the need for a budget.
• Define important topics to consider when developing a budget.
• Describe the questions to consider when developing a budget.
• Summarize other little-considered topics for developing a budget.
• Interpret why the quality of leadership skills must be considered when developing a budget.
• Develop a budget using historical data.
• Use various data forecasting methods and determine when to apply them.
• Outline the organization’s "General Ledger": what it is, why you should know it, and how and why to use "break-even" points in determining equipment and staffing needs.
• Identify and apply the concepts of "capacity" and "forecasting".

Certificate of Completion

You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 20 questions. CPD credits are not awarded until the course is completed and quiz is passed.