Universal Class - Leading Provider of Continuing Education
 

Learn the Fundamentals of Money Management for Business!

Course Video: Budgeting and Saving 101
IACET Authorized Provider Enroll today! This is a self-paced, continuing education, online course with instructor. You have 6 months to complete.
Course Cost: 6 Month Subscription
Course (no Certificate)   =   $35.00
Course with CEU Certificate*   =   $60.00
* Instantly download, print, and share your CEU Certificate at course completion (additional shipping/handling charges apply for hard copy delivery). UniversalClass™ offers many wonderful learning tools including an online portfolio service that manages all your course completions and CEUs.  

Course Description

This course is designed to get you up to speed on the basics of business budgeting and cost cutting. You will be introduced to the different aspects of business financial tools and will have an essential primer to current business trends in cost cutting and increasing profits. At the conclusion of this course, you will understand important budgeting concepts, time tested strategies, and be able to see and easily implement savings for your company.

These topics will be discussed:

  • Business Budget-  We will discuss the different aspects of a business budget and how to implement a discipline for your budget that will be reasonable for your staff. 
  • Cash Flow & Related Issues- We will cover the basics of cash flow, short-term cash flow, long-term cash flow, how they affect your P&L statement and profit sheets.
  • Business Savings and Cost Cutting- We will discuss the various areas of savings and cost cutting to explore in your company. We will also discuss employee  involvement and motivation and non-traditional areas to examine.
  • Payroll Budgeting- We will cover the basics of payroll budgeting, essentials to keep in mind, and both the trend in handling them and some non-traditional methods.
  • Tax Concerns- We will discuss effective strategies for managing taxes is to establish a budget for your company's taxes.
  • Business Plan- We will cover the importance of creating a business plan, how to create one and how to make it a strong presentation.
  • Business P&L Reports- We will take an overview of your Profit & Loss Reports, what goes where, how to read them and the essentials for a successful business manager to know.
  • Profit Margin Guarantees & Staying in the Black-  We will cover basic and popular theories and practices in the business world.
  • Balance Sheets and the Business Cycle- We will cover the importance and uses of the company's Balance Sheet and we will briefly visit the concepts of the Business Cycle.
  • Traps and Mishaps- We will address the dilemma of overcoming our inevitable errors in business and managementCompany Savings-
  • We will focus on savings and how to make the most progress toward savings by utilizing the good will and brain power of your staff. You will have an overview of how to continue to increase your company's savings and how to encourage sales and staff members with rewards without giving away the savings.
Request More Information

Request More Information

Have a question? Contact us for more information.
Your Name: Comments:
Your Email:

Learning Outcomes

By successfully completing this course, students will be able to:
  • Summarize the need and purpose of a business budget.
  • Define cash flow.
  • Describe procedures involved in business savings and cost cutting.
  • Describe the purpose and processes involved in payroll budgeting.
  • Summarize common tax concerns.
  • Describe a business plan.
  • Describe the purpose and importance business P&L Reports.
  • Define Profit Margin Guarantees
  • Evaluate Balance Sheets and the Business Cycle, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Course Lessons

Lesson 1: Business Budget

This lesson will cover the basics of creating your business budget. We will discuss the different aspects of a business budget and how to implement a discipline for your budget that will be reasonable for your staff.

Lesson 2: Cash Flow and Related Issues

In this lesson, we will cover the basics of cash flow, short-term and long-term, and how it affects your profit and loss statement and profit sheets.

Lesson 3: Business Savings and Cost-cutting

Lesson 3: Business Savings and Cost-cutting

Lesson 4: Payroll Budgeting

In this lesson, we will cover the basics of payroll budgeting, essentials to keep in mind, and both the trend in handling them and some non-traditional methods.

Lesson 5: Tax Concerns

Tax Concerns: One of the most effective strategies for managing taxes is to establish a budget for your company's tax obligations.

Lesson 6: Business Plan

In this lesson, we will cover the importance of creating a business plan, how to create one, and how to make it a strong presentation.

Lesson 7: Business Profit and Loss Reports

In this lesson, we will take an overview of your profit and loss reports, what goes where, how to read them, and the essentials for a successful business manager to know.

Lesson 8: Profit Margin Guarantees and Staying in the Black

While we could hypothesize together about the many ways to create a profit in any given business, this lesson will cover basic and popular theories and practices in the business world.

Lesson 9: Balance Sheets and the Business Cycle

In this lesson, we will cover the importance and uses of the company's balance sheet and briefly visit the concepts of the business cycle.

Lesson 10: Traps and Mishaps

This lesson will address the dilemma of overcoming our inevitable errors in business and management.

Lesson 11: Company Savings

This lesson will focus on savings and how to make the most progress toward savings by utilizing the goodwill and brain power of your staff. You will have an overview of how to continue to increase your company's savings and how to encourage sales and sta
Tell a Friend

Additional Information

Course Title : Budgeting and Saving 101
CEU Value :

1.0 IACET CEUs (Continuing Education Units)

Standard :

Course Adheres to the ANSI/IACET 1-2007 Standard

Accreditation :

Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET), 1760 Old Meadow Road, Suite 500, McLean, VA 22102.

Languages : English - United States, Canada, United Kingdom, Australia, New Zealand, and other English speaking countries
Course Number : 8900051
Course Type : How To
Course URL :

http://businessbudgeting.onlineclasses.com

Course Rating : Excellent Course! 4 Star Rating
Instructor :

John Chouinard

Syllabus :

View Syllabus

Grading Policy :

Earn a final grade of 70% or higher to receive a CEU Certificate documenting CEUs earned

Assessment Method :

Lesson assignments and review exams

Duration : Continuous: Enroll anytime!
Requirements : View Technical Requirements
Course Fee :

Basic Course: $35.00 (no CEU Certificate)

   

with CEU Certificate: $60.00

Choose from 5 Secured Payment Methods

Credit Card Online Credit Card through FAX
Check/Money Order through Mail Credit Card over the Phone
PayPal  
To use any of these methods you must press the "Join this Course" button on this screen and go through the online registration process in order to generate the correct order form and correctly process your enrollment. All financial information is secured and encrypted using Verisign-approved SSL during transmission.

Featured Courses in Business Management

Economics 101

1. Economics 101

($65.00) The average individual knows very little about economics and tends to believe whatever was seen or heard on television. more
  Fundraising 101

2. Fundraising 101

($65.00) Whether you are seeking to raise funds for your non-profit group, a worthy charity, political or religious organization, your local school or to provide community specific aid, this detailed course will provide you with everything you need to know about the basics of fundraising. more
     
Investing 101: Stocks, Bonds, and Mutual Funds

3. Investing 101: Stocks, Bonds, and Mutual Funds

($60.00) This course will help you demystify the stock market and start making money!. more
  Understanding and Managing Your Credit Report

4. Understanding and Managing Your Credit Report

($65.00) Credit governs everyone's lives. more

Other Related Classes in Business Management

  • Accounting & Bookkeeping 101 for Everyone Accounting & Bookkeeping 101 for Everyone is a course that covers the fundamentals of accounting with the newcomer in mind. Accounting is more than just memorizing terms and procedures; it's a whole new way of thinking about finances. This course assu...
  • Accounts Payable Management This course is a training guide for the new manager of an accounts payable department. It will help you step into your new role and take a commanding and successful lead. This course will take what you know and enhance it by adding management principles...
  • Business Writing Basics We live in a world where communication is paramount to survival. In a work environment where communication is equated with the professionalism and efficiency of an individual, would you jeopardize your career because of bad writing? Do you want the embar...
  • Dealing With Difficult People Dealing with a difficult or toxic personality can be damaging both emotionally and physically, particularly if the person is your boss or sitting in the cubicle right next to you. Confronting those who compromise your comfort and job security can be very...
  • Landlord 101: Managing Rental Properties Have you ever wanted to be a landlord? This multi-faceted career can be challenging and rewarding both personally and financially. Our course provides a broad yet detailed examination of the many areas that a property manager must blend together to be su...
  • Human Resources Management 101 Many professionals who enter into the world of human resources quickly believe that they will succeed in their new found field simply because they have a knack for relating with people from all walks of life. While having good people skills is certainly ...
  • Accounts Receivable Management Accounts Receivable management is a demanding job. You'll be making decisions that can make or break a company. Your role is unique and complex--one that is closely integrated into the overall customer service of your company. In this course, we'll look ...
  • Confidence Building 101 This course on building self-confidence reaches beyond the standard self-help program by addressing the core issues surrounding confidence problems and exploring how to reprogram our brain‘s negative self-talk. Based on the concept that we come int...
  • Payroll Management 101 There are many aspects that need to be covered when running a successful business. One of the most important aspects in any business is of course, payroll management. The members of the business involved in payroll management have unique responsibilities...
  • How to Write a Grant Proposal Did you realize that you are most probably an experienced grant writer already? NO , you say, I've never written a grant in my life before -- but you have. Most people out there have asked somebody, at some time, for something in writing (one way ...
  • Assertiveness Training 101 The ability to be assertive is difficult. Because most people do not want to be perceived as selfish, demanding, hostile, stubborn or just plain hard to get along with, they allow others to take advantage of them or they do more than is necessary or requ...
  • How to Improve Your Memory It's surprising how much of a memory is built around things unnoticed at the time. - Barbara Kingsolver, novelist Memory is one of the most basic and important functions of the human brain. In fact, without memory we can't learn. Most peo...
  • Business Management 101 Introduction to Business Management The world of business management offers an array of career opportunities unparalleled among income earning possibilities. Industries from mining to waste disposal have management-level positions in many companies. ...
  • Business Math 101 This course takes you through an overview of the wonderful world of business mathematics. The course is designed for a person of any age and anywhere in the world. All that is required of the learner are a computer, a connection to the internet, a c...
  • Leadership and Supervision 101 The idea of leadership is one that seems to constantly change. What was once valued in a leader in past centuries, is no longer valued in our modern era. So then, how do we define leadership? And is leadership the same as supervision ? In this Lead...
  • Home Business Owning a home business can be one of the most rewarding career moves you will ever make. Not only do you get the freedom of answering only to yourself, but our increasingly Internet-savvy society makes reaching out to worldwide consumers easier than ever...
  • Advertising, Marketing and Sales Writing There you are, cold-calling yet another sales prospect. Your verbal pitch is pure gold; your prospect is attentive--interested--and seems ready to buy. But just as you're about to close the deal, you hear that eternal refrain: Send me something ...
  • Fundraising 101 Whether you are seeking to raise funds for your non-profit group, a worthy charity, political or religious organization, your local school or to provide community specific aid, this detailed course will provide you with everything you need to know about...
  • Conflict Resolution 101 Conflict Resolution: In the Workplace and Beyond Did you know that a little conflict in your office today can shut down your entire operation tomorrow? That is no exaggeration! Workplace conflict costs. It starts by reducing productivity and employee h...
  • ABCs of Technical Writing Technical writing is the art and science of translating technical information into readable, accessible writing usable by a wide audience. If you have ever read the user's manual for a piece of software or equipment you've purchased, you've seen technica...
  • Memory and Concentration Techniques Memory, concentration, focus, communication, problem solving and relationships all interconnect and interact to give us the information we need to function properly in the everyday world. T his course will focus on these topics and explore how memory wo...
  • Freelance Writing 101 If you have ever dreamed of being a freelance writer this course is for you. Get started today learning about this exciting field and in no time you can be on your way to earning a living, extra income, and more, by doing something that you love – ...
  • Restaurant Management 101 Qualified restaurant managers are always in demand. They earn salaries far above the national average ($45K-$60K and higher), receive generous benefit packages and bonuses, rapid promotions and opportunities for travel. But that's really just the icing o...
  • How to Write a Business Plan 101 Most CPAs will tell you that the number one mistake people make in starting a new business is that they fail to write a business plan. Without a written set of plans and directions, a new business will struggle on many levels. You may start out doing wel...
  • Travel Agent 101 Anyone interested in beginning a profession as a travel agent should first determine the type of skills, training and certification necessary to provide travel services for clients--whether you work at an established travel agency, as an independent cont...
  • How to Prepare, Stage and Sell Your Home For most of us, our home represents the largest portion of our assets. Trying to sell a house or apartment or condo in today's fast paced market, quickly and profitably, has the potential for turning anyone's world upside down. Knowing what is important...
  • Concierge 101: How to Run a Personal Service Business Whether a full-time mom, a young business person or simply someone looking to build a growing and viable business, an errand service is ideal for those with an entrepreneurial spirit. Small upstart dollars, flexibility and a growing industry are just som...
  • Economics 101 The average individual knows very little about economics and tends to believe whatever was seen or heard on television. However, we all contribute and are impacted by economic factors and need a basic understanding of how this works as economics becom...
  • Resume Writing 101 One of the most important and intimidating steps in the job search process is writing a solid resume that gets the attention you want and need. Unfortunately, many job seekers get overwhelmed before they even get started. The result is poorly-written res...
  • Mediation 101 The individual who pursues a career as a mediator can look forward to a job that is personally satisfying and financially rewarding. With its emphasis on fairness and cooperation, this career is an ideal choice for those who are empathetic and want to ...
  • How to Improve Your Concentration Concentration is a part of our daily lives. We concentrate on our work and our life situations, either consciously or subconsciously. Is focus the same as concentration, and if not why are the terms often used so interchangeably? Why can some of us re...
  • Team Management 101 Team Management Is -- Designing & Developing a Team Committed to a Common Purpose No man will ever make a great leader who wants to do it all by himself or to get all the credit for doing it. (Andrew Carnegie) 'Managing' used to be just tellin...
  • Waiter and Waitress Training 101 Whether you are looking for a part-time job, a summer job, work to help you through college, to supplement your family income, or a possible career, working in the restaurant industry as a waiter or waitress can be your answer. This course will discuss a...
  • Introduction to Six Sigma Six Sigma is a methodology of implementing a highly successful project, or producing a high quality product or service, using techniques and principles that ensure excellence. The Six Sigma methodology incorporates many years of studying best practices i...
  • Healthy Relationships 101 Whether you are in a new or long term romantic relationship, a busy student working with other colleagues, parents struggling to form a connection with your children, or a business person needing to form a relationship of trust with the employer--relatio...
  • Employment Law Fundamentals 101 Learn the basics of Employment Law , the potential pitfalls, and ways to keep yourself out of court so that you can grow your business by hiring, evaluating, and managing employees. This course will discuss all the necessary information you need to kno...
  • Travel Writing 101 Travel writing is a fun, interesting and fulfilling career. If your goal is to become a full-time travel writer who is able to live off your income from writing alone, it is important to understand that travel writing, like any other career, requires you...
  • Economics: Complete Edition The purpose of this course is to equip you with a working understanding of economics and its myriad of business and personal applications. As such, we have crafted an easy-to-understand course comprised of economic's principle tenets while specifically h...
  • Business Ethics 101 Business ethics is an important part of any industry. Students or managers, unfamiliar with many ethical challenges, behaviors, or regulations will find themselves struggling in business industries that include finance, accounting or human resource manag...
  • Small Business Guide Starting and operating a business is a minefield of rules and regulations. The regulations set in the moment you decide to start your own business. You need to get licenses and permits from the authorities. There are restrictions on the type of business ...
  • Workers' Compensation 101 Since as far back as Ancient Greece and Rome, there has been a system in place in all civilized societies to compensate those individuals who have become injured or disabled due to a work-related accident. The laws and regulations governing what is known...
  • Workplace Safety 101 This course focuses on workplace safety, health, and inspection. Throughout this course you will learn what workplace safety is, why it is important and how it affects a business. Common areas of workplace safety are discussed, including office safety...
  • Kitchen Sanitation 101 Nearly every few weeks, a new story seems to hit the headlines about foodborne illnesses. Salmonella in peanuts. E. coli in fruit juice. Mad cow in hamburgers. Every year, thousands of people become seriously ill from foodborne illnesses, and some even d...
  • Managerial Accounting 101 Managerial accounting is not as widely used as other forms of accounting, nor is it as known. While companies concern themselves with financial accounting methods like audits, budgets and financial statements, they often completely ignore the forward-thi...
  • Retail Business 101 The idea of running one's own business is the dream of hundreds of thousands of Americans. The reasons for opening your own business are myriad; to be your own boss, to set your own hours, to do what you want to do, to provide a product or service where ...
  • Investing 201: Intro to Commodity, Options, and Futures Markets Can you predict which direction corn prices will go? Are you the type of person who enjoys taking risks? Do you want to be a part of an often fast-paced, emotional environment? A career in futures trading can lead to a great income and a large bank acco...
  • Writing Effective Persuasion 101 Do you hear stirring speeches that inspire to go out and take to heart what the speaker was talking about? Do you wonder how some people can sell nearly anything simply by how they talk? If you do, then chances are you are wondering about being persuasiv...
  • Understanding Business Administration 101 Whether you are already running a business, have yet to start one or have been hired to support a business owner, it is important to know the basics of the business administrative process. This course will trace a path through the inception, setup a...