Fundamentals of Corporate Budgeting
MGMT X 430.15
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Use real-world applications to streamline the budgeting process for planning, control of day-to-day operations for improved accuracy and timeliness.
What you can learn.
- Create flexible budgets that are fully aligned with the strategic goals of the organization
- Understand various budget types, the budget monitoring processes, and cost/profit volume analysis
- Know the difference between capital budgeting versus operational budgeting
About this course:
Budgeting is a critical step in planning and controlling the day-to-day operations of any business. The budgeting process can also be time-consuming, multi-layered, and complex. To streamline this process and ensure more timely and accurate budgets, companies place great value on a formalized process that produces detailed yet flexible budgets that are fully aligned with the strategic goals of the organization. This course introduces students to the fundamental elements of budgeting practiced by businesses for planning and control. Topics include an overview of budgeting and the budget process; various budget types; preparing, monitoring, and controlling budgets; cost/profit volume analysis; and capital budgeting vs. operational budgeting. Instruction also includes exercises in budgeting using real-world applications.