--- title: Understanding and Managing Budgets description: Master budgeting techniques and processes. Understand the uses and functions of master budgets, operating budgets, and more. image: https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Finance%20and%20Accounting.png --- [Home](https://aspire.loyola.edu/?hsLang=en) [Categories](https://aspire.loyola.edu/products?hsLang=en) Business [Understanding and Managing Budgets](https://aspire.loyola.edu/products/2247058290#) ![product_image](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Finance%20and%20Accounting.png) # Understanding and Managing Budgets #### $95 Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/f56ad0ab-56b8-4b3d-89e3-6f07ba80e1fa/understanding-and-managing-budgets?mode=purchase) #### [ Professional Credits: ](https://aspire.loyola.edu/credit_terminology?hsLang=en) CEU: 0.3 ATD CI: 3 HRCI: 3 PDU: 3 SHRM: 3 #### $95 Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/f56ad0ab-56b8-4b3d-89e3-6f07ba80e1fa/understanding-and-managing-budgets?mode=purchase) ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Completion.png) Completion Time 3 hours ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Access%20time.png) Access Time 90 Days ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Outcome.png) Outcome Individual Skill Course ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Language.png) Language English ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Training%20level.png) 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 #### Additional Information ** This course includes an “Ask the Expert” feature. You can use this feature to submit questions about course content. A subject matter expert will provide guidance or point you to additional resources for the topics you’re studying. Questions are answered as quickly as possible and usually within 24 hours. Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs. #### Requirements ** ##### Technology Requirements Hardware Requirements: This course can be taken on either a PC, Mac, or Chromebook. Software Requirements: Software must be installed and fully operational before the course begins. - PC: Windows 8 or later. - Mac: macOS 10.6 or later. - Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible. Cookies and JavaScript must be enabled - The latest Adobe Reader/Acrobat Reader ( free download available at https://get.adobe.com/reader/ ) - Any modern Office suite: Microsoft Office, Apple iWork, OpenOffice, or LibreOffice Other: - Reliable internet connection. Broadband cable or highspeed DSL is recommended for optimal experience. - E-mail account (to be able to register and to receive e-mail from the course system regarding registration, course status, etc.) #### Reviews ** "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." Ngo N. "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." Terrence S. #### Enroll My Team ** Are you looking to enroll your team in this training Course? You Can: ##### Option 1 Click "Add to Cart" and then update the number of seats you'd like to purchase in yout cart. [Add to Cart](https://catalog.mindedge.com/loyola/courses/f56ad0ab-56b8-4b3d-89e3-6f07ba80e1fa/understanding-and-managing-budgets?mode=purchase) ##### Option 2 Contact us to explore enrollment options, including potential discounts! [Contact Us](https://aspire.loyola.edu/individuals-contact-form?hsLang=en) ### $95 ##### Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/f56ad0ab-56b8-4b3d-89e3-6f07ba80e1fa/understanding-and-managing-budgets?mode=purchase)