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    • Information Sessions
    • If you're interested in an accelerated MBA focused on executive leadership and general management, consider coming to an Executive MBA Information Session.  At our information sessions, program staff will discuss the Executive MBA Program in detail, explaining everything from the application process to the lockstep, cohort style program. Current students, alumni, and faculty will be on hand to offer their insights into the program and answer any questions you may have.
    • View Information Session Dates & Times
    • Contact Us to Learn About the Executive MBA
    • Audrey ArnoldAudrey Arnold
      Director
      Phone: (505) 277-2525
      Office: GSM 3rd Floor
  • MBA Ed. Leadership
    • MBA in Education Leadership
    • UNM is partnering with the Woodrow Wilson National Fellowship Foundation on a unique and innovative master's degree: an MBA in Education Leadership. This interdisciplinary program between the School of Business and the School of Education combines the best practices in business and education leadership within an educational context.
    • About the Partnership
    • The Woodrow Wilson MBA Fellowship in Education Leadership recruits and prepares outstanding leaders for schools and districts in participating states. The goal: to address the United States' twin educational achievement gaps—the one between the nation's lowest performing and its best schools, as well as the one between the nation's best schools and their top international competitors. The Fellowship seeks both to prepare leaders who can bring all American schools up to world-class levels of performance and to develop a new gold standard for preparing education leaders.
    • Learn more about the program...
    • Contact Us to Learn About the MBA in Education Leadership
    • Audrey ArnoldAudrey Arnold
      Director
      Phone: (505) 277-2525
      Office: GSM 3rd Floor
  • Career & Professional Development
    • Career & Professional Development Programs
    • Anderson's Career and Professional Development Programs are designed to expand your mastery of current competencies and help you develop new ones. While you won't get a grade, you will acquire new knowledge and a certificate of completion that demonstrates to others your continued desire for self-improvement.
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    • Bruncha Milaszewski
      Education & Outreach Manager
      Phone: (505) 277-8608
      Office: GSM 3rd Floor
    • Fall 2015 Program Offerings

    Healthcare Management
    Dates: Fridays, Sept. 4 - Oct. 23, 2015
    Time: 1:00 pm - 4:00 pm

    Executive Negotiations
    Dates: 2 Thursdays, Sept. 17 - Oct. 29, 2015
    Time: 6:00 pm - 9:00 pm

    Practical Project Management
    Dates: Fridays, Sept. 18 - Nov. 20, 2015
    Time: 8:30 am - 12:00 pm

    SHRM-CP -SCP
    Dates: Mondays, September 21 – December 7, 2015
    Time: 6:00 pm - 9:00 pm

    Essentials for Managers
    Dates: Tuesdays, Sept. 22 - Nov. 24, 2015
    Time: 6:00 pm - 9:00 pm

    Lean Practitioner
    Dates: Wednesdays, Sept. 23 - Nov. 11, 2015
    Time: 6:00 pm - 9:00 pm

    Digital Marketing
    Dates: Thursdays, Sept. 24 - Nov. 12, 2015
    Time: 6:00 pm - 9:00 pm

    Business Start-Up 102
    Dates: Wednesdays, Sept. 23 - Nov. 11, 2015
    Time: 6:00 pm - 9:00 pm

    Women's Leadership
    Dates: Fridays, Oct. 2 - Nov. 20, 2015
    Time: 1:00 pm - 4:00 pm

    Mediation Certification
    Dates: 6 Saturdays, Oct. 10 - Nov. 21, 2015
    Time: 9:00 am - 4:45 pm

  • Custom Programs
    • Custom Programs & Consulting Services
    • Custom Programs Home
      UNM's Anderson School of Management offers a wide range of custom programs, training and consulting services that provide result-based impact with an emphasis on short term gains and long-term sustainability. We are committed to sustained growth of all of our clients and it is our mission to provide the best in quality training services by understanding their unique vision.
    • List of Clients
      UNM's Anderson School of Management offers customized training services to organizations and businesses throughout New Mexico.
    • Contact Us to Start Building Your Custom Program
    • Bruncha Milaszewski
      Education & Outreach Manager
      Phone: (505) 277-8608
      Office: GSM 3rd Floor
  • CFO Academy
    • CFO Academy
    • CFO Academy Home
      Established in 2009, the CFO Academy is a prominent community of finance leaders and decision makers who provide trusted knowledge, pertinent resources and peer-to-peer collaboration to New Mexico’s financial professionals. We help our members become effective leaders while driving both their personal and their organizational results. Our professional network connects members with other financial professionals, valuable information, distinguished organizations and engaging discussions.
    • CFO Academy Professional Development Series
    • CFO Academy Professional Development Series is series of training and networking events providing continuing professional education on the latest technologies, laws, and trends in accounting and tax rules influencing financial professionals.
    • Contact Us
    • Bruncha Milaszewski
      Education & Outreach Manager
      Phone: (505) 277-8608
      Office: GSM 3rd Floor
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    • Monday through Friday from 8:00 a.m. to 5:00 p.m.
    • Contact Information
    • Phone:  (505) 277-2525
      Fax:  (505) 277-0345
    • Mailing Address
    • Executive and Professional Education Center
      MSC05 3090
      1 University of New Mexico
      Albuquerque, NM 87131-0001
    • Physical Address
    • 1924 Las Lomas NE
      Graduate School of Management
      Third Floor, Room 328
      Albuquerque, NM 87131-0001
    • Key Contacts
    • Audrey ArnoldAudrey Arnold
      Director
      Phone: (505) 277-2525
      Office: GSM 3rd Floor
    • Kristy NunleyKristy Nunley
      Data Manager
      Phone: (505) 277-2525
      Office: GSM 328

The Essentials of Budgeting (For Non-Financial Professionals)

This program is not currently being offered.  Click here to sign up for email notifications!

Course Information

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:

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

  • We’ll start by studying the income statement and the balance sheet; what are they, how do they work and what they can tell us about a business entity.
  • We learn about how journal entries are what are used to create income statements and balance sheets. We’ll study journal entries to learn how they work in order to gain a deeper understanding of the income statement and balance sheets. This session will have plenty hands-on exercises that will help students understand how income statements and balance sheets are built.
  • We’ll continue our study of basic financial reporting through a combination of looking closely at some income statements and balance sheets and then we’ll create several from scratch.
  • Recognize how budgeting fits into the broader context of corporate and business planning.
  • Identify the ways in which budgeting facilitates decision-making and control
  • Identify the inputs into the budgeting process and their sources
  • Recognize that budgeting is essentially an attempt to mold the following year’s Income Statement
  • Determine headcount and salary expenses
  • Estimate where to apply merit raises, promotions
  • Allow for attrition and replacement
  • Use historical cost data to project future expenses
  • Identify the cost drivers that determine how much will be required in future periods
  • Assess your environment for changes that affect your plans
  • Gather financial data from Finance and Accounting, Marketing, vendors, your bosses, your employees, your peers and partners
  • Research historical spending patterns and future costs
  • Recognize how budgeting “games” (sandbagging, padding, spend-it-or-lose-it) are bad for the company overall
  • Monitor actual expenses and budget variances, make adjustments, and take actions to remedy problems
  • Learn a number of expense-reduction tactics that can be applied to bring expenses under control