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COURSES & LIBRARIES
Course Title:
Budgeting
Units: 7Quizzes and Tests - Included/Optional
Course Summary:
by G. Liam Thompson
How you will benefit:
- Learn about Budgeting and the Corporate Planning Process
- Implement the practical steps in a budgeting process
- Sales forecasting involving a variety of factors
- Employ good management techniques in order to allow your company to control the flow of money into and out of its treasury
- Discover how to assign customers to a basic profitability category
- Manage costs through cost behavior patterns, and budget segmentation
What you will learn:
- Budgeting and the Corporate Planning Process
- An overview of the budgeting process
- The corporate planning process
- Strategic planning and competitive advantages
- How to set goals and objectives
- Practical Aspects of Budgeting
- Steps in the budgeting process
- The duties of the budget committee
- The two major types of budgeting
- The objective and three major steps of a benchmark program
- The Master Budget
- The importance of a master budget
- A break-down of monthly income statements
- Defining various types of assets
- Understanding comparative income statements
- Cost Management
- Identifying cost behavior patterns
- Differentiating fixed costs and variable costs
- The benefits of the contributed income statement
- Understanding budget segmentation
- Cost Management, Part 2
- The 2 basic types of cost equations
- The 4 means of estimating cost behavior patterns
- How to use the method of performance variance
- Budgeting Techniques: Manufacturing Companies
- The 2 budgeting aspects of manufacturing companies
- How and when to use a production budget
- Explanation and examples of activity-based budgeting
- Determining the performance variance
- Budgeting Techniques: Retail Companies
- Understanding a retail sales budget
- Forecasting in a marketing budget
- The four types of sales forecasting
- Understanding activity-based sales budgeting
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