Budgeting is an efficient method for short-term planning and control. It is employed in large and small businesses extensively. Through budgeting, a business has clear visibility on its spending objectives during an accounting period and it is a versatile tool which has helped managers to cope with problems including inflation.
The objective of this module is to describe and illustrate some of the methods used in budgeting; highlighted by learning outcomes such as preparing components for a master budget and a flexible budget
The following topics will be covered:
- Introduction to Budgeting and Budgeting Processes
- Master Budgets
- Operating Budgets
- Cash Budgets
- Budgeting in a Merchandising Company
- Other Budgeting Methods
- Flexible Budgets
- Summary and Key Points
This will be done entirely online, with videos, comparative tables and charts, and quizzes.
For SME executives looking to learn more about budgeting for businesses.