Business Budgeting 101: How to Plan, Save, and Manage

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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 management
  • Company 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.

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Goals

  • Lesson 1: Business Budget
  • Lesson 2: Cash Flow & Related Issues
  • Lesson 3: Business Savings and Cost Cutting
  • Lesson 4: Payroll Budgeting
  • Lesson 5: Tax Concerns
  • Lesson 6: Business Plan
  • Lesson 7: Business P&L Reports
  • Lesson 8: Profit Margin Guarantees & Staying in the Black
  • Lesson 9: Balance Sheets and the Business Cycle
  • Lesson 10: Traps and Mishaps
  • Lesson 11: Company Savings

Course Materials

All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.

Grading Policy

Each lesson will include a lesson review quiz along with one or two assignments. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.



Note: For simplicity purposes, examples in the lessons in this course will utilize budgets, plans and figures from a small publishing company enterprise. Key terms are highlighted in yellow; definitions are listed at the end of each lesson.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Know 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.
  • Know 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.

Assessment Guide

Assessment Points
Lesson 1 Assignment5
Lesson 1 Exam: Business Budget80
Lesson 2 Assignment5
Lesson 2 Exam: Cash Flow & Related Issues100
Lesson 3: Business Savings and Cost Cutting100
Lesson 4 Assignment5
Lesson 4 Exam: Payroll Budgeting100
Lesson 5 Assignment5
Lesson 5 Exam: Tax Concerns100
Lesson 6 Exam: Business Plan90
Lesson 7 Assignment5
Lesson 7 Exam: Business P&L Reports100
Lesson 8 Exam: Profit Margin Guarantees & Staying in the Black90
Lesson 9 Assignment5
Lesson 9 Exam: Balance Sheets and the Business Cycle80
Lesson 10 Exam: Traps and Mishaps100
Lesson 11 Assignment5
Lesson 11 Exam: Company Savings80
The Final Exam520
Total Points:1575

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