Planning and budgeting skills are imperative for all professionals regardless of their function or managerial level. This course covers the concept of budgeting as a planning tool, a financial device and a control mechanism Participants will be able to interact with the instructor (video and audio), view slides, collaborate with others comment on discussions, complete assessments, activities and case studies.
Overview
Overview
Course Objectives
By the end of the course, participants will be able to:
- Defend the importance of linking an organization’s budget with its strategic plan
- Demonstrate how the budget relates to the key financial statements: balance sheet, income statement, and cash flow
- Prepare the key elements of an operating and capital budget and evaluate the different budgeting approaches used
- Apply cost control tools, analyze management variance reports and take proper corrective action
This course is applicable to all managers, supervisors, and analysts involved in the preparation, management and deployment of budgets and would enable target competencies such as
- Interpreting financial statements
- Planning and budgeting
- Effective cost control
Course Features
- Lectures 25
- Quizzes 0
- Duration 14 hours
- Skill level All levels
- Language English
- Students 25
- Assessments Yes
Curriculum
Curriculum
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Module 1 : Planning and The Functions of Management
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Module 2 : The Key Financial Statements
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Module 3 : Budgeting: Process and Approaches
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Module 4 : Cost Control
