Budgeting - Online

Modern businesses are an epitome of uncertainty and complexity. Over the period, this uncertainty and complexity in business has led to the development of various managerial tools, techniques and procedures useful in managing business successfully. Of all these, budgeting is the most common and widely used standard device for planning and control. This course provides fundamental understanding of budgeting, budgeting process and includes a practical guide for preparing and mastering financial budgets.

This is an online self study course that can be globally accessed 24/7 from any internet enabled computer. Access is for 91 days. A completion certificate will be awarded upon successful completion of this course.

También, se ofrece este curso en Español. Llamada para más información.

Available TodayOnlineUSD$125
Instructional Method:
Self-Study
Level: Basic

CPE CREDITSICPAS CREDITS
23
Operations managers, project managers, program managers, department heads and anyone wishing to develop a basic understanding of budgets.
Students will be able to:
  • Understand the basics of Budgeting
  • Create a budget in simple-to-follow steps
  • Case study approach for understanding budgeting process
  • Effective management of financial resources
"Everything in the course was clear and easy to follow."
Language Options
También, se ofrece este curso en Español. Llamada para más información.
Overview of Budgeting
Topics covered include:
  • The basic concepts of budget and budgeting
  • Budgeting and forecasting
  • Budgeting and management
  • Budgeting and planning
  • Budget procedures and budget administration
Duration: 1 hour

Types of Budget
Topics covered include:
  • The components of operating budget like sales budget, production budget, production cost budget, ending inventory budget, cost of goods sold budget, selling expenses budget, administrative expenses budget and budgeted income statement
  • The components of financial budget like capital expenditure budget, cash budget, budgeted balance sheet, and cash flow budget
Duration: 1 hour

Approaches to Budgeting
Topics covered include:
  • The various approaches to building budgets like-fixed budgeting approach, flexible budgeting approach, incremental budgeting approach, kaizen budgeting approach, zero base budgeting approach and others
  • The distinctive features of each approach to budgeting
Duration: 1 hour

Preparation of Budgets
Topics covered include:
  • The preparation of operating budgets
  • The preparation of financial budgets
Duration: 1 hour

Budgetary Control
Topics covered include:
  • The basic concepts of budgetary control
  • The process of budgetary control
  • Budgetary variance
Duration: 1 hour

JOB AIDS
Included takeaways:
  • Measurement Tools

Calculators
Included:
  • Flexible Budget Calculator
  • Sensitivity Analysis Calculator
  • Cash flow Calculator

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