Budgeting Concepts, Policy, Process and Beyond
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Budgeting Concepts, Policy, Process and Beyond
- 1. Budgeting Concepts, Policy, Process and Beyond - Session ONE
- 2. Section 1 – Budgeting Concepts Page Budgeting VS. Accounting 4 Budget Definition 5 Advantages of Budgeting 6 Disadvantages of Budgeting 7 Uses of Budget 8 Why Plan? 9 Understanding Where Your Budget Fits In 10 Why Budget? 11 Decision Making 12 Budget Committee Decision 19 Budget Period Decision 20 Parts of a Budget 21 Types of Budgets 22 Ratio Analysis 29 Budgeting Tips and Tricks 36
- 3. Understanding Where Your Budget Fits In Your budget should flow down from your company’s plan, like this:
- 4. Types of Budgets Capital Budget Sales Cash Budget Budget Main Types of Budget Production Expense Budget Budget Labor Budget
- 5. Ratio Analysis (3/7) Current Ratio Quick Ratio
- 6. Ratio Analysis (4/7) Debt Ratio Gross Profit Margin
- 7. Ratio Analysis (5/7) Return on Sales Ratio Debt to Net Worth Ratio
- 8. Ratio Analysis (6/7) Cash Turnover Ratio Collection Ratio
- 9. Ratio Analysis (7/7) Return on Investment
- 10. Section 2 – Budgeting Policies and Procedures Page Budgeting Procedures - Intro 40 Formulation of the Budget 41 Budget Variance Reports 47 Subsequent Account Changes 49 Budgeting Tips and Tricks 52
- 11. Section 3– Budgeting Process Page Definition Of Budgeting Process 55 The 6 Steps Of a Budgeting Process 56 Where Can You Get your Numbers From? 71 Getting Your Budget Approved 74 Monitoring and Managing Budgets 75 Budgeting Tips and Tricks 77
- 12. The 6 Steps Of a Budgeting Process The budgeting process typically has six steps.
- 13. Thank You For Coming Today! Facilitator: Antoine Tabbakh Tel: +961 1 385 825 / website: www.bsf-lb.com Email: info@bsf-lb.com /BestSolutionFinance Company/bsf #bsfbeirut
Notes de l'éditeur
- Engage participants in a discussion about their budgeting process and how their plans currently flow and should flow.
- Ask the attendees to calculate the ratios based on the sample balance sheet provided before.Current Ratio= 2.6Quick Ratio= 1.5
- Ask the attendees to calculate the ratios based on the sample balance sheet provided before.Debt Ratio= 39%Gross Profit Margin= 68%
- Ask the attendees to calculate the ratios based on the sample balance sheet provided before.Return on Sales Ratio= 48%Debt to Net Worth Ratio= 64% (high debt to net worth ratio may indicate that the business is overly burdened by interest payments and hampered in its ability to borrow any additional funds which may be necessary. Too low a ratio, however, may indicate that a business is too conservative and could effectively borrow more money to generate more profits. A ratio higher than 1 indicates too much debt for net worth)
- Ask the attendees to calculate the ratios based on the sample balance sheet provided before.Cash Turnover Ratio= 3 (22000/11500-4500) Cash Turnover Ratio provides an indication of how often cash flow turns over to finance your sales.Collection Ratio= 124 days (The period should be no more than 1.5 times your credit overdue period)
- Ask the attendees to calculate the ratios based on the sample balance sheet provided before.Return on Investment= 1.5 or 150%