Understanding and Managing Budgets

Budget like a pro. Learn to create, analyze, and manage budgets. Tailored for managers and business owners keen on optimal resource allocation.Course Duration:3 hoursCredits:CEU Credits: 0.3AMA PCM CEU Credits: 0PDU Credits: 3HRCI Credits: 3SHRM Credits: 3CFRE Credits: 0ATD CI Credits: 3ACE Credits: 0 Course Description A budget is a detail of expenses and incomes for a set period of time. This introductory-level course covers budgets and how they are used in organizational settings including the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn about the budgeting process, and how organizations are using different budgeting techniques to overcome operating challenges. Learning Outcomes Recognize the uses and functions of budgeting Recognize the key activities, considerations, and benefits of strategic organizational planning Recognize the purpose and make-up of a master budget Identify the components and calculations used to create a master budget and recognize uses for this information Identify the components and purpose of an operating budget Recognize how sales, production, and cost of goods sold budgets are created and perform related calculations Recognize the purpose of cash budgets and how they are prepared Identify ways the budget process can be managed for optimal results and recognize the benefits and limitations of the management-by-objective system Testimonials Terrence S. I loved the course. It dropped me into a world I knew little about after college classes about 25 years ago. I loved what I learned and the example problems presented allowed me to practice what I learned. Ngo N. I found this course enlightening and useful. Having insights on what budgeting is all about and the necessity for making a good budget for an organisation.