Further Aspects of Budgeting and Planning

Overview

Budgets are a control mechanism.

This course outlines the rationale for and against different methodologies that can be used when preparing budgets in the current economic and technological climate. In line with strategic objectives, organisations use budgeting as the most widely used standard device for planning and control. This course will give you the fundamentals of the budgeting process and budgetary control.

Acquire new skills to demonstrate proficiency:

• Overview of approaches to budget preparation
• How to use budget to exercise control
• Importance of flexed budgets in budgetary control

Gain experience with detailed exercises.

The practical hands-on exercise uses real-world examples, and they are designed to give you 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

• Improving the budgeting process
• Budgets as a control mechanism
• Flexed 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 approaches to budgeting that would suit the circumstances of the organisation.
• Identify how budgets can be used to exercise control.
• Determine the elements of, and uses for, flexed budgets.