The Master Business Budget And Sub-Budgets

Putting Together the Pieces of a Business Budget

What you'll learn

Recall the role of the master budget and each sub-budget

Recall key steps in the budgeting process

Identify cash implications of a budget

Identify the key assumptions in revenue and cost of production/service budgets

Requirements

None

Description

Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.Are there ways to improve the effectiveness of our investment in the budget process? Can we make better budgeting decisions that lead to higher performance?There are options within and beyond traditional budgeting. Each company should consider these options and decide which could improve their budgeting process. Budgeting has many benefits that we can continue to capture and build upon.In this course, I'll focus on the Master Budget and the budgets that comprise it. There's a method to the madness when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.This course is part of a three-part series I call Better Budgeting. The three parts are:• The master budget and sub-budgets• The budgeting process• Budgeting alternativesYou can watch all three parts in the order above or watch any part as a stand-alone course.The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times

Overview

Section 1: The Master Budget and Sub-Budgets

Lecture 1 Welcome and Overview

Lecture 2 Modeling Revenues and Costs

Lecture 3 Ways to Project Numbers

Lecture 4 The Master Budget and Sub-Budgets

Lecture 5 The Revenue Budget

Lecture 6 The Production Budgets

Lecture 7 Sales and Marketing Budgets

Lecture 8 The Administration Budget

Lecture 9 Capital Budgeting

Lecture 10 The Financing Budget

Lecture 11 Master Budget Recap

Lecture 12 Budgeting Compensation

Lecture 13 Bonus Lecture

Business employees tasked with building budgets.,Business advisors who want to better help their clients build budgets.,Business employees or owners who want to better understand how budgets are built.