Introduction to Budgeting

Introduction to Budgeting

Course Introduction to Budgeting
Delivery e-Learning
Duration 5 - 6 hours
Languages GB, US, CN

Course Modules

Context and Purpose of Budgeting - 1 Hour

Explains why an organisation needs to plan and examines the three tiered decision-making process which enables an organisation to achieve its stated mission. The purpose of budgeting within the overall planning process is explained, the two main types of budget are described, and the differences between strategic planning and budgeting are identified.

The Budgeting Process - 1.5 - 2 Hours

This course explains how effective budgetary planning can increase the performance of your company, and outlines the various stages of preparing a budget - including the compilation of master budgets and the budget approval process. It explains the importance and methodology of budgetary control and examines performance monitoring and measurement during budget implementation.

Revenue Budgeting - 0.5 Hours

Revenue Budgeting is a crucial component of any organisation's activities. Reasons for this range from it providing a link with the corporate objectives to it providing a means of coordinating plans and activities across departments. This course provides an overview of the preparation and administration of revenue budgets.

Capital Budgeting - 0.5 - 1 Hour

To avoid making unwise decisions you must evaluate all long-term decisions carefully. Capital budgeting can help you plan and control long-term activities to make the best use of your resources. This course outlines the techniques of capital investment appraisal and explains the importance of incorporating risk into the capital investment decision.

Master Budgets - 1 Hour

Master budgets provide senior management with an overall picture of the firm's planned performance for the budget period. This course demonstrates how to prepare the master budgets - i.e.: the budgeted Profit and Loss Account, the budgeted balance sheet and the cash budget.

Implementing Budgets - 0.5 Hour

Implementing budgets is about measuring, analysing, and interpreting actual performance against budget, and then taking any corrective action that may be required. This course outlines variance analysis and interpretive techniques. It examines cost behaviour in performance measurement and provides an overview of the consequences that flow from performance analysis and implementation.