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Course Description

Effective budgeting is a vital part of financial management for any organization. The Introduction to Budgeting course explains the purpose of budgeting and illustrates the budgeting process from beginning to end. If you are new to budgeting or want to better understand the budget process and types of budgeting, this course is for you. Steps of the budgeting process, common types of budgets and widely used methods of budgeting will be illustrated. Students will gain hands-on experience building budgets with in-class budgeting exercises. This course is for professionals who are either new to budgeting or new to parts of the budgeting process.

Course Outline

This course includes the following topics:

  • Define budgeting and why it is important
  • Budgeting current event
  • Steps of the budgeting cycle
  • Setting budget parameters and development of communication plan
  • Sales budgets, direct materials budget, labor budget
  • Overhead budget, selling and administrative budget, capital budget, and cash budget
  • Common budget problems: budgetary slack
  • In-class budgeting exercise: creation of a master budget
  • Authoritative vs. Participatory budgeting
  • Incremental budgeting
  • Zero based budgeting
  • Kaizen budgeting

Learner Outcomes

Upon completion, students will be able to:

  • Understand the budgeting process, common types of budgets and widely-used methods of budgeting
  • Understand what a budget is and why it is important
  • Understand how to build a budget

Instructors

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in

Section Title
Introduction to Budgeting and Forecasting
Type
Discussion/Lecture
Days
F
Time
8:30AM to 4:30PM
Dates
Oct 11, 2019
Schedule and Location
Contact Hours
8.0
Delivery Options
Course Fee(s)
Course Fee non-credit $319.00
Instructors
Section Title
Introduction to Budgeting and Forecasting
Type
Discussion/Lecture
Days
F
Time
8:30AM to 4:30PM
Dates
Apr 17, 2020
Schedule and Location
Contact Hours
8.0
Delivery Options
Course Fee(s)
Course Fee non-credit $319.00
Instructors