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Budgeting |
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Course Description
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Budgeting is the most widely used standard device for planning and controlling all long and short-term business. Planning is crucial step for business success and budgets are one of the most widely used tools for planning and controlling by medium or large organizations in many parts of the world. Budgeting systems turns managers’ perspectives forward. A forward-looking perspective enables managers to be in a better position to exploit opportunities. It also enables them to anticipate problems and take steps to eliminate or reduce their severity. |
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Topics Covered
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 Overview of Budgeting |
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Budget and Budgeting |
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Benefits of Budgeting |
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Budgeting Vs Forecasting |
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Budgeting and Management |
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Budgeting and Planning |
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Budget Procedures |
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Budget Administrations |
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Types of Budget |
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Operating Budget |
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Sales Budget |
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Production Budget |
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Production Cost Budget |
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Ending Inventory Budget |
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Cost of goods sold budget |
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Selling expenses budget |
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Administrative expenses budget |
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Budgeted income statement |
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Financial Budget |
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Approaches of Budgeting |
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Various approaches to building Budgets |
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Features of each approach to budgeting |
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Preparation of Budgets |
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Preparing operating budget |
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Preparing financial budgets |
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Budgetary Control |
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Meaning of Budgetary Control |
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Need of Budgetary Control |
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Advantages and Disadvantages of Budgetary Control |
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Essentials of Budgetary Control
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Process of Budgetary Control
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Budgetary Variance. Etc
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Key Features
This course provides fundamental understanding of budgeting, budgeting process and includes a practical guide for preparing and mastering financial budgets
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Duration: 3 Months with 12 Months Access
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Course Outcome
Dual Certification from Everonn and Towson University
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Course Fee: Rs.14500
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