Financial Tools for Operations

The budget is the yardstick that management uses to measure Company’s performance. And in today’s tight economy, budgeting is key to effective planning and control. This course is designed to give non-financial executives practical guidelines for knowing “when” and “how” to use budgets to achieve their objectives. Major topics include: Key Elements of the Budgeting Process; Working with Operating Costs and Expense; Controlling Cash; Structuring a Capital Budget; Analyzing Variances and Taking Actions; and Making Budgets Work.

Upon completion of this course participants will have learned how to prepare and use various budgets, translate managerial decisions into dollars, and measure performance.