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  • Learn about the Master Budget management process in DRC Dynamics

  • Outline the benefits of a Master Budget and the importance of accurate maintenance of it

  • Understand the difference between Master Budget and Generic Role Budget

2 Hours

Estimated time to complete

Course curriculum

    1. Start Here

    2. Where are we in the Business Process?

    3. Flowchart: Where are we in the Business Process?

    4. Who is this course for?

    5. Learning Objectives

    6. Prerequisites for this Course

    7. Course structure

    1. Introduction to Master Budget Management for All Roles

    2. Learning Objectives

    3. What is a Master Budget

    4. Master Budget Benefits

    5. Master Budget in DRC Dynamics

    6. Accountability and Responsibility

    7. The Master Budget Process

    8. Master Budget Project Creation

    9. Master Budget Planning

    10. Master Budget Maintenance

    11. Visual: The Master Budget Process

    12. Knowledge Check

    13. When to create a Master Budget in the field?

    14. When to update the Master Budget?

    15. Master Budget and Shared Costs

    16. Example: Master Budget and Shared Costs

    17. What if...people are not hired yet?

    18. A great tool: the Generic Role Budget

    19. Prerequisites for the Process to Work

    20. Wrap Up of Master Budget for All Roles

    21. Get Ready to Review

    22. Review of Master Budget for all Roles

    23. Employee Support

    24. CONGRATULATIONS

    1. Introduction to Master Budget Planning

    2. Learning Objectives

    3. The Master Budget Project Setup

    4. Master Budget Sub-Project Setup

    5. Task: Create Master Budget Sub-Project

    6. Forecast Models for Master Budgets

    7. Master Budget Planning at HQ

    8. Section 1: Update Master Budget with Staff Cost

    9. Activity: Update Master Budget with Staff Costs

    10. Task: Add Forecast Positions

    11. Screenshot: Add Forecast Fositions

    12. Task: Update Position Rates

    13. Screenshot: Update Position Rates

    14. Task: Update Master Budget with Forecast Positions

    15. Screenshot: Update Master Budget with Forecast Positions

    16. Knowledge Check

    17. Section 2: Update Master Budget with Non-Staff Related Cost

    18. Activity: Update Master Budget with Non-Staff Related Costs

    19. Task: Create Expense Forecast Lines for Non-Staff Related Costs

    20. Screenshot: Create Expense Forecast Lines for Non-Staff Related Costs

    21. Video: Create Expense Forecast Lines for Non-Staff Related Costs

    22. Section 3: Update Generic Role Budget

    23. Activity: Update Generic Role Budget

    24. Task: Create Roles

    25. Screenshot: Create Roles

    26. Task: Create Expense Forecast Lines for Roles

    27. Screenshot: Create Expense Forecast Lines for Roles

    28. Video: Create manual expense forecast lines for roles

    29. Troubleshooting

    30. Wrap Up of Master budget Planning

    31. Get Ready to Review Planning the Master budget

    32. Review of Master Budget Planning

    1. Introduction to Master Budget Maintenance

    2. Learning Objectives

    3. Video: The Importance of Updating the Master Budget

    4. Summary: The Importance of Updating the Master Budget

    5. Activity: Update Staff Costs

    6. Tasks: Update Staff Costs

    7. Tasks: Update Staff Costs

    8. Activity: Update Non-Staff Related Costs

    9. Task: Update Non-Staff Related Costs

    10. Task: Update Non-Staff Related Costs

    11. Activity: Reporting and Analysis

    12. Pre-Requisites for Using the Funding Gap Report

    13. The Funding Gap Report

    14. Example of the Funding Gap

    15. Where to find the Funding Gap Report

    16. Troubleshooting

    17. Wrap Up of Master Budget Maintenance

    18. Get Ready to Review Maintenance of Master budget

    19. Review of Master Budget Maintenance

    20. Employee Support

    1. Credits

About this course

  • 84 lessons
  • Video Content