Overview
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Learn how to construct a budget to help your small business make decisions and evaluate future performance.
Syllabus
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Introduction
- Harness the power of budgets to solve problems
- What you need to know
- How does budgeting affect people?
- The budgeting process
- Behavioral considerations in budgeting
- Involving people in the budgeting process
- Hong Kong and the typhoon border shutdown
- The master budget
- Master budget exercise: The sales budget
- Factors to consider in your sales budget
- Closer look at our sample sales budget
- Master budget exercise: The production budget
- Master budget exercise: The direct materials budget
- Tips on maintaining accounts payable on raw materials
- Master budget exercise: The direct labor budget
- Master budget exercise: The manufacturing overhead budget
- The SG&A budget
- What a master budget can tell you about your business
- Do we have enough motherboards?
- Budgeting for merchandising firms
- Merchandising firms purchases budget
- Developing a sales budget for a service firm
- Sales budget example for a service firm
- Supplies and labor budget example for a service firm
- Overhead and SG&A budget example for a service firm
- Completing the cash budget
- Living from paycheck to paycheck
- Cash receipts and payments
- Financing
- Using the right benchmark
- Weakness with static budgeting
- Using the flexible budget
- The next steps to grow your budgeting skills
