Financial Planning & Analysis: Building a Company's Budget

Course Introduction. What does the course Cover?

• What is a budget and Why do we need it?

• Major Financial Statements
• Understanding the Income Statement
• Understanding the Balance Sheet
• Cash vs. Profit
• Understanding the Cash Flow Statement
• Direct vs. Indirect Method
• Major Interrelatioships between the Financial Statements
• The Accounting Framework

• The Importance of Budgeting
• Completing 33% of the Course
• Key Steps in Budget Preparations
• The Budget Horizon
• Budgeting Levels of Detail
• Budgeting Approaches
• Updating the Budget
• Who prepares the Budget?
• The Master Budget
• The Budget Sign-off
• Mechanics of the Budgeting Process
• Completing 50% of the Course

• Company Overview
• Calculating Revenue - The Bottom-up Approach
• Calculating Revenue - The Top-down Approach
• Understanding COGS Calculation
• Calculating Volume of Production
• Direct Materials and Direct Labor
• Production Overheads
• Cost of Goods Sold (COGS) Summary
• The Payroll Budget
• The SG&A Budget
• Balance Sheet Items - Iverview
• The Cash Conversion Cycle
• The Working Capital Budget
• The Fixed Assets Budget
• Loan Repayment Schedule

• The Budgeted Income Statement
• The Budgeted Balance Sheet
• The Budgeted Cash Flow Statement
• Presenting the Results

• Course Challenge - 99 Agency
• Completing 100% of the Course

• Who Does What in Finance?