The University of New Mexico
Career & Professional Development Programs

MSC05 3090
1 University of New Mexico
Albuquerque, NM 87131

Phone: (505) 277-2525
 Fax: (505) 277-0345

The Essentials of Budgeting (for non-financial professionals)

A budget is a written statement of the plans and goals of an organization expressed in dollars. The process of creating, implementing and understanding a budget is often as valuable as the budget itself. When done well, a budget helps an organization work together towards a mission and a shared set of goals.

If accounting isn't your background, it can be frustrating when tasked with reviewing transactions or trying to understand how transactions are recorded. This program will simplify budgeting and accounting, and allow you to focus on keeping track of your finances. If you are a business owner, a manager, or you work with budgets in any way, it will benefit you to learn about all you can about this vital subject. It's easier than you think and critical to planning for success! Understand the process of budgeting through practical hands-on work with actual examples, and gain confidence in using budgets for funding proposals and project success.

Who Should Take this Course:

  • People new to budgeting
  • Small Business Owners
  • Functional managers, professionals, and all individuals involved directly or indirectly with the budgetary planning and an organization's control process
  • Individuals looking to gain a certificate in budgeting, build their resume and enhance their career

What You Will be Able to Do:

  • Understand how budgets and accounting statements fit together
  • Identify how to plan, monitor and report against your budget
  • Realize the importance of cost control and forecasting cash flow

How You Will Benefit:

  • Enhance your decision-making skills by better understanding the financial impact of your choices
  • Increase your confidence as you contribute your ideas in financial planning meetings with upper management
  • Get your new ideas implemented and applauded for their bottom-line results — rather than set aside and left untested

Sessions:

  • What is Accounting and Why are Financial Statements Such a Big Deal...
  • Journal Entries – the Keys to Financial Statements
  • The Income Statement and The Balance Sheet
  • Budgeting Basics – Part I
  • Budgeting Basics – Part II
  • Budgeting in Dynamic Organizations

Certificate Eligibility:

To receive the Anderson School's Certificate of Completion, participants must attend 5 of the 6 sessions.

Instructors:

Click on an instructor's name to learn more about that person.

Mr. Stacy Sacco

Mr. Stacy Stacco, heads up WESST's Rio Rancho Regional office where he helps start and grow small businesses, and connects them to low interest loans. He is also an award-winning adjunct professor and has taught sales and marketing courses at UNM Anderson School of Management in both the entrepreneurial studies track and MBA programs for over 12 years.

Stacy has over 25 years' experience in marketing management with Avco Financial Services, Hyundai, Transamerica, Kirtland Federal Credit Union and the Greater Albuquerque Chamber of Commerce. He has served as the President of both the New Mexico and Orange County Chapters of the American Marketing Association, publishes several lists including a monthly marketing job list and the New Mexico Directory of Professional Associations, and hosts the annual NM MARCOM Mixer which brings together over 350 members of the key marketing-related clubs statewide.

Stacy has been recognized as one of 100 Power Brokers by the New Mexico Business Weekly and received the NMAMA's Marketer of Excellence Award for his contribution to professionalism statewide. He earned his MBA from Pepperdine University and Bachelor's Degree in Marketing from the University of Arizona.