Budgets are a control mechanism.
This course outlines the rationale for and against different methodologies that can be used when preparing budgets in the current economic and technological climate. In line with strategic objectives, organisations use budgeting as the most widely used standard device for planning and control. This course will give you the fundamentals of the budgeting process and budgetary control.
Acquire new skills to demonstrate proficiency:
Overview of approaches to budget preparation
How to use budget to exercise control
Importance of flexed budgets in budgetary control
Gain experience with detailed exercises.
The practical hands-on exercise uses real-world examples, and they are designed to give you real-world knowledge on how to apply daily cost accounting principles.
This is a standalone course but if you’re interested in more of this type of learning while earning a designation, explore the CGMA® Finance Leadership Program.
Identify approaches to budgeting that would suit the circumstances of the organisation.
Identify how budgets can be used to exercise control.
Determine the elements of, and uses for, flexed budgets.
Improving the budgeting process
Budgets as a control mechanism
Flexed Budgets
None
Global accounting and finance professionals
Management accountants
CPAs in public practice
Consultancy firm professionals