Budgeting Tutorials – Building Budget of a Company



Learn how to create and use budgets effectively in company

What you will learn

This course is designed to train the participants on budgeting and forecasting and make them familiar with the process.

It will be useful for them in their career as budgeting plays a key role in all organizations as that gives the road map and performance target to the company

You will be able to understand the budgeting process and the various concepts in that

Costing concepts – Master budget; Costing concepts; Direct and Indirect cost concepts.

Description

Learn financial budgeting from scratch along with its techniques, process, and also understand advanced budgeting. There are many benefits to the budgeting process when used properly. You can become a more valuable employee or more successful business owner when you are able to understand and contribute to the budgeting process. Budgeting helps promote teamwork, communication, and continuous improvements. The organization’s goals for the coming year are translated into dollars and cents and shared in a way that helps monitor and improve performance. However, not everyone is comfortable in the world of accounting. This course is perfect for motivated employees and business owners eager to improve their value and contribute in a more meaningful way to the budgeting process.

A budget is a financial plan for a specific period, usually prepared for a financial year. It covers all financial aspects for the future period right from revenue, costs, expenses, profits, assets, liabilities, and cash flows. The budget is more of an estimate and the target set by the management for future performance. The budget is the expected performance and the same will be tracked against the actual performance and the gaps will be monitored by the management. There are two types of budgeting – Operational budgeting and Capital budgeting.

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You will be learning the following topics in this Online Financial Budgeting Course.


This part covers the budgeting and forecasting techniques from basics. You will be able to understand the budgeting process and the various concepts in that. This session will help you to develop the budget in line with the organization’s goals.

  • Introduction to budgeting and forecasting.
  • Costing concepts – Master budget; Costing concepts; Direct and Indirect cost concepts.
  • Cost behavior – Overhead allocation; Cost behavior; Fixed and variable cost concepts.
  • Contribution – Cost volume profit model with examples.
  • Statement – Forecasting techniques and budgeting techniques; Preparation of Financials; Balance sheet; Income statement; Cash flow statement.
  • Case studies
  • Monitoring – Budget monitoring and control.
  • Run rate – Run rate and MYF; Dynamic market; Behavioral and Ethical aspects.

Introduction

Introduction to Budgeting
Budget Period and Purpose of Budget

Overview

Introduction to Budgeting
Budget Cycles
Purpose of Budgeting

Types of Budgeting

Types of Budgeting
Production Budget
Labor Budget
Selling and Distribution Budget
Capital Expenditure Budget
Cash Budget
Fixed and Flexible Budget
Zero Based Budgeting
Zero Based Budgeting Continues

Approaches to Budgeting

Approaches to Budgeting
Top Down Budgeting

Budget Preparation Process

Perpetration of Budget
Perpetration of Budget Continues
Budget Implementation

Budgetary Monitoring and Control

Budget Monitoring and Control

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