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Understanding and Managing Budgets

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Professional Credits:

CEU: 0.3
ATD CI: 3
HRCI: 3
PDU: 3
SHRM: 3

$104

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Completion Time

3 hours

Access Time

90 Days

Outcome

Individual Skill Course

Language

English

Training Level

Beginner

Delivery Information:

Online Asynchronous Self-paced

Description

A budget is a detail of expenses and incomes for a set period of time. This introductory-level training 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.

This Understanding and Managing Budgets course is offered in collaboration with the trusted learning partner MindEdge.

Learning Outcomes

After completing this course, the learner should be able to:
  • 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

$104

Start Today!
Add to cart
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