Budgets and Managing Money

For managers in today’s business world, it’s essential to have a working knowledge of finance. We all play a role in our organization’s financial health, whether we realize it or not. If you don’t have training or a background in finance, you may be at a disadvantage as you sit around the management table.

Understanding the cycle of finance will help you figure out where you fit into your company’s financial structure, and how to keep your department out of the red. This Course will help you prepare budgets and make decisions with confidence.

Participants should complete Velsoft’s Accounting Skills for New Supervisors course before this Course or have equivalent knowledge.

This Course will help you teach participants:

• Define basic financial terminology
• Prepare a budget of any type or size
• Get your budget approved
• Perform basic ratio analysis
• Make better financial decisions

Learning Objectives

Finance Jeopardy

The Fundamentals of Finance

The Basics of Budgeting

Parts of a Budget

The Budgeting Process

Budgeting Tips and Tricks

Monitoring and Managing Budgets

Crunching the Numbers

Getting Your Budget Approved

Comparing Investment Opportunities

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