2020 Budgeting Tips and Tricks

2020 Budgeting Tips and Tricks

About this course

This course is for users expected to work with the Budgeting module in PowerPlan.  This course will cover the processes run during a typical monthly budget/forecast cycle as well as tips that PowerPlan has implemented to make these monthly processes easier and more efficient.

Topics:

  • Budget Versions
    • Making new budget versions and copying existing data
    • Budget Version Security (especially for 10.4 > 2017.x customers)
    • What If Scenarios- forecast screen options like using current + revised BV in base query tool
    • How to structure your budget versions to make processing easier and more efficient
    • Budget version settings and options (understanding options like actuals month, “open for entry”,  “budget only”, etc.)
  • Update with Actuals
    • Actuals data flow (understand that actuals come from work orders/CWIP charge and not CR)
  • Respread and Rollforward
    • Respread window options like filter criteria, add/deduct from next month, etc.
    • Pro’s + Con’s of re-spreads and benefits to project owners.
  • Integrating with Departmental Budgeting
    • How to map Capital Departments to O&M Departments, estimate charge type to a cost collecting CR Budget element, etc.
    • Labor balancing- ensuring you have enough labor hours to complete all of your estimated capital and O&M work.
    • Capital and Departmental Budget Mapping
  • Integrating with Depreciation Forecasting
    • Class Code/Justification/Estimate
    • Budget Plant Classes
    • Forecasted Closings
    • Overview of Budget Link Process

 

Prerequisite:

Attending the PowerPlan Capital Budgeting course is recommended. This is a basic level course.

Objectives:

At the end of this course, you will be able to:

  • Understand how to use budget versions, version options, and budget version security more efficiently
  • Understand how to run update with actuals efficiently
  • Understand how to interface data from capital budget to operational/departmental budgets efficiently
  • Understand how to interface data from capital budget to forecast departmental depreciation models efficiently

Intended Audience:

Budget Administrators who want to explore more efficient methods of entering, running, and reviewing budget data.

CPE Credit:

8 CPE credit hours possible (Finance)

2020 Budgeting Tips and Tricks

Event Date Spaces left
2020 Budgeting Tips and Tricks April 20, 2020, 8:30 a.m. -
April 20, 2020, 5 p.m. EDT
20

About this course

This course is for users expected to work with the Budgeting module in PowerPlan.  This course will cover the processes run during a typical monthly budget/forecast cycle as well as tips that PowerPlan has implemented to make these monthly processes easier and more efficient.

Topics:

  • Budget Versions
    • Making new budget versions and copying existing data
    • Budget Version Security (especially for 10.4 > 2017.x customers)
    • What If Scenarios- forecast screen options like using current + revised BV in base query tool
    • How to structure your budget versions to make processing easier and more efficient
    • Budget version settings and options (understanding options like actuals month, “open for entry”,  “budget only”, etc.)
  • Update with Actuals
    • Actuals data flow (understand that actuals come from work orders/CWIP charge and not CR)
  • Respread and Rollforward
    • Respread window options like filter criteria, add/deduct from next month, etc.
    • Pro’s + Con’s of re-spreads and benefits to project owners.
  • Integrating with Departmental Budgeting
    • How to map Capital Departments to O&M Departments, estimate charge type to a cost collecting CR Budget element, etc.
    • Labor balancing- ensuring you have enough labor hours to complete all of your estimated capital and O&M work.
    • Capital and Departmental Budget Mapping
  • Integrating with Depreciation Forecasting
    • Class Code/Justification/Estimate
    • Budget Plant Classes
    • Forecasted Closings
    • Overview of Budget Link Process

 

Prerequisite:

Attending the PowerPlan Capital Budgeting course is recommended. This is a basic level course.

Objectives:

At the end of this course, you will be able to:

  • Understand how to use budget versions, version options, and budget version security more efficiently
  • Understand how to run update with actuals efficiently
  • Understand how to interface data from capital budget to operational/departmental budgets efficiently
  • Understand how to interface data from capital budget to forecast departmental depreciation models efficiently

Intended Audience:

Budget Administrators who want to explore more efficient methods of entering, running, and reviewing budget data.

CPE Credit:

8 CPE credit hours possible (Finance)

Live events

2020 Budgeting Tips and Tricks

Event Date Spaces left
2020 Budgeting Tips and Tricks April 20, 2020, 8:30 a.m. -
April 20, 2020, 5 p.m. EDT
20