By the end of this course, you will be able to
The significance of budgeting, how to make a budget plan from scratch, analyzing the budget to make decisions for improving the performance of the company in the future.
To identify information that leads to explaining the fundamental concept of budgeting through explaining how to make a budget and what are the resources of budgeting.
How to create flexible budgeting that helps you create a comparison between your budget plan and the actual accomplished results to help you track performance.
Course details
- 1 h 41 m/25 lessons
- Last updated: 2/2/2021
- Course completion certificate
Course Content
Introduction
What is a Budget?
Why is Budgeting Important?
Introduction
What is a Budget?
Why is Budgeting Important?
Master Budgeting: Part 1
Master Budgeting: Part 2
Expected Cash Collections
Production Budget
Direct Materials Budget
Expected Cash Disbursement for Materials
Direct Labor Budget
Manufacturing Overhead Budget
Ending Finished Goods Inventory Budget
Selling and Administrative Expense Budget
Cash Budget
Budgeted Income Statement
Budgeted Balance Sheet
Planning Budget
Flexible Budget
Flexible Budget Performance Report
Standard Costs And Variances
Standard Cost Calculation Example
Materials Variance Example
Labor Variance Example
Variable Manufacturing Overheard Variance
Wrap up
About this course
Budgeting is essential not only to monitor the performance of a business but also to help in critical decisions. This course aims to teach you the fundamentals of the entire budgeting process. This includes the importance of budgeting as a tool of managerial control and performance evaluation. This course also covers preparing a master budget, using flexible budgets for performance analysis, and applying cost and variance measures to compare actual results with the budgeted results.
Course requirements and prerequisites
This course needs business and finance background.
Mentor
Moataz El-Helaly
Assistant Professor of Accounting
5,111 Learners
3 Courses