Introduction to Budgeting and Planning

Overview

Start preparing an operational budget.

The course explores the budgeting tool that helps managers for planning, controlling, and forecasting. By focussing on key steps in the budgeting process, you can recognize budgeting concepts and components and identify the trends and variations to meet your target.

### Value added topics:

• Budgeting process
• Operational budget
• Forecast sales volume

Gain experience with detailed exercises.

The practical hands-on exercise uses real-world examples. They are designed to provide you with real-world knowledge on how to apply daily cost accounting principles.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Highlights

Key Topics

• Rational for budgets
• Preparing operational budgets

Prerequisites

None

Designed For

Who Will Benefit

• Global accounting and finance professionals
• Management accountants
• CPAs in public practice
• Consultancy firm professionals

Objectives

Learning Outcomes

• Identify the benefits of a budgeting system.
• Identify the input required to prepare an operational budget.
• Recall how to prepare an operational budget.
• Calculate a forecast sales volume based on trend and seasonal variations.