Course Details

Modular Course on Fundamentals of Budgeting is provided here. This course is very interactive, so there are no long periods of dry lectures. Budgeting is explained in practical, easy to understand language, and then reinforced with frequent exercises and activities.

Objectives :

• To learn the difference between a budget and a forecast
• To learn the steps to creating a budget
• To understand the different approaches to budgeting
• To learn how to project current year sales
• To understand the basics of production and raw materials budgeting
• To learn how to do sales budgets
• To learn how to budget for new businesses
• To learn the difference between budgeting for fixed expenses and for variable expenses
• To learn how to budget for payroll
• To understand how capital budgeting is different to other budgeting
• To learn about Return On Investment (ROI) in order to make good decisions about capital budgets
• To understand how to allocate budgets properly by month
• To understand how to set up a cash budget
• To use variance analysis to assess performance against budget
• To learn about budgeting for projects