Budgeting: - Appcon

Budgeting fundamentals
Overview
Cash and master budgets

Reviewing budgets
Analyzing budgets
Justification and approval

Operating budgets
Operating budget basics
Operating budget terminology
Operating budget methods

Manufacturing budgets
Manufacturing budget basics
Interpretation

Variance, forecasts, and action plans
Variance and forecasts
Action plans

Capital budgets
Capital budget basics
Discounted cash flow method

Capital budget analysis
The capital budgeting process
Capital budget evaluation

After completing this course, students will know how to:

Describe the budgeting process, identify the elements of a budget, and identify the types of budgets used within companies.
Use various budget analysis methods, and justify and receive approval for a budget.
Identify the purpose of and methods for preparing an operating budget, and describe zero-based and activity-based budgeting in detail.
Identify the components of a manufacturing budget, describe flexible budgeting, and derive useful information from a manufacturing budget through key measurements and analysis of variance.
Classify variances and use them to address performance issues, forecast budgeting periods, and formulate action plans to resolve variance issues.
Describe the purpose of capital budgeting, define its terminology, and perform discounted cash flow calculations such as future value, present value, and net present value.
Assemble and justify a capital budget, as well as evaluate and approve capital budget requests.

Prerequisites

None