How to Budget Training

Trainers must understand the fundamentals of budgeting to advance or even survive in their ever-changing profession. This issue presents the fundamentals of the budget process covering general principles and guidelines for developing good budgets, along with key theoretical underpinnings of the process. While focusing on the general principles of accounting, this issue offers metrics crucial to managing the training function, as well as sample components of a training plan, a sample chart of accounts and typical expenses, and a project expense worksheet as a job aid.