Budgeting Bootcamp - Annual Operating Plan

Most companies do an annual operating plan to set their operating budget.  This is a very important process, but it can also be very painful.  It doesn’t have to be!  Learn to create a meaningful budget without unnecessary strain.

Course objectives

The Annual Operating Plan Course is for finance & accounting professionals.  We will start with the basics of why companies do an annual planning process but we will also dive into the details of how you actually set-up templates, how to collect data, what information is needed for all the pieces of the budget (sales planning, cost budget, cap-ex, etc).  We will finish up with how to convert the plan into financial statements and a C-suite level presentation and some budgeting best practices.

At completion, you’ll know how to build an annual budget and will be able to facilitate your company’s annual planning process.

Some key things you’ll learn:

  • Why companies do an annual budgeting / planning process and what it is used for
  • An understanding of the different elements of a budgeting process
  • How and why to set a planning calendar
  • How to set-up and run the pieces of an annual operating plan: sales budget, production budget, cost of goods sold (COGS) budget, Capital Expenditures (Cap Ex), R&D, SG&A budgets
  • How to use all the pieces of the budgeting process to create a full income statement, cash flow and balance sheet.
  • Review what the final deliverable of financials and a presentation of the annual operating plan should look like
  • Some helpful tips, tricks, and considerations for a world class budget

Additional Info

Format: 3-9 minute videos, quizzes, and a final exam

CPEs: 4.5

Field of study: Finance – Technical

PrerequisitesYou should have a basic knowledge of the financial statements and a basic knowledge of Microsoft Excel (vlookup, pivot tables, sum, sumif).  If you do not, we recommend taking our Financial Statement Analysis course and/or our Microsoft Excel Bootcamp


Kelsey Murphy

Kelsey is Wisdify’s expert content developer. Taking feedback from our students, Kelsey creates extremely relevant blog posts and leads the development of Wisdify’s other free resources.

Prior to Wisdify, Kelsey worked as a business technology strategy consultant for Forrester, a global research and advisory firm. While there, she acted as project manager for numerous research-based consulting projects.

Kelsey earned a BA in Economics and Mathematics from Wellesley College.

Madison Bess

Madison oversees the social media strategy at Wisdify and makes sure we stay closely connected with our students, receive their feedback, and provide our students with valuable information.

Prior to Wisdify, Madison successfully ran the social media accounts for multiple companies. She also found time to start her own personal training company (which she still runs).

Madison earned a BA in English from Brigham Young University.

Maryn Coughran

Maryn is a co-founder and leads the marketing and outreach efforts at Wisdify. She ensures we are connecting with our customers, hearing their feedback, and then implementing their suggestions.

Prior to Wisdify, Maryn co-founded (along with Nate) BostonExcel, a Microsoft Excel training company that worked with dozens of companies in virtually every industry. Maryn’s clients included numerous Fortune 1000 companies, prestigious universities, startups and everything in between. She also happened to write and illustrate a children’s book. Let’s just say she’s a woman of many talents.

Maryn earned a BA in Economics from Wellesley College.


Joe is the owner of Wisdify.  He is passionate about learning and development, he loves helping people achieve their professional and personal goals. Joe is a big believer in the power of online learning and community with 20 years of finance and accounting experience.


The Buckaroos

Gwyn, Jack, and Kate are the adorable tow-heads that lead up Wisdify’s campaigns on cuteness, energy, and sleep-deprivation.