Duration:
Self-study or Classroom Training
Description:
The 50-Minute Manager Series was designed to cover critical business and professional development topics in the shortest time possible. Our easy-to-read,
easy-to-understand format can be used for self-study or classroom training, or even office training. With a wealth of hands-on exercises, the 50-Minute
books keep you engaged and help you retain critical skills.
Become a Better Business Planner
Have you just been asked to create your first budget? Have you learned from experience that there are skills you need help with? You can gain practical
tips and techniques quickly to help you participate in the budgeting process with confidence. Learn skills proven in the real world that you can apply on
the job right away.
Table of Contents:
Part 1: The Basics of Planning
Why Bother? Reasons Companies Plan
The Planning Cycle
Planning Philosophies
Effective Planning in Your Organization
Standards of Precision
The Information Frontier
Rules for Jungle Fighters
Part Summary
Part 2: How to Build a Strategic Plan
How to Build Plans Efficiently
A Strategic Plan
The Mission Statement
Analyzing the External Environment
Analyzing Internal Capabilities
Putting It All Together
Part Summary
Part 3: Annual Operating Plan Preliminaries
Drafting Annual Goals
Organizational Planning
Creating a Fiscal Calendar
Fiscal Managers
Accounting System Tune-Up
Part Summary
Part 4: How to Budget Sales and Cost of Sales
A Five-Step Approach to Sales History
Assumptions: Improving Your Vision of the Future
Projections: Building a Chain of Inference
How to Budget Cost of Sales
Part Summary
Part 5: How to Budget Labor Expenses
Labor Expenses
Payroll Calculations
Handling Increases
Labor Planning Tips
Part Summary
Part 6: How to Budget Depreciation and Other Expenses
Other Expenses
Depreciation Expense
Quick Estimates of Depreciation Expense
Part Summary
Part 7: Balance Sheet and Cash Plans
Balance Sheet and Cash Flow Overview
Balance Sheet Calculations
Part Summary
Part 8: Reviewing, Planning, and Executing Budgets
How to Conduct Budget Reviews
How to Participate in a Budget Review
Planning and Executing a Budget Process
Part Summary
Part 9: Adjusted Plans and Forecasting
How to Create an Adjusted Plan
Managing Adjusted Plans
Creating Forecasts
Using Plans to Improve Business Control
Part Summary