: This course covers budgets and how they are used in organizational settings. You will gain an understanding of the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn how organizations are using different budgeting techniques to deal with operating challenges.
: This course has a "Mentor Expert" helpdesk feature. Learners have the ability to submit questions directly to an expert in the field you are studying.
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Lesson 1
Module 1: Introduction to Budgeting in Organizations
Covers the purpose, functions, and strategic importance of budgeting within organizational settings.
Module 2: Strategic Planning & Budgeting Alignment
Explores how budgeting supports organizational strategy, goal setting, and long?term planning.
Module 3: The Master Budget
Introduces the structure, purpose, components, and uses of the master budget in decision?making.
Module 4: Operating Budgets
Examines operating budgets, including their components, development process, and role in managing operations.
Module 5: Sales, Production & Cost of Goods Sold Budgets
Covers the preparation and calculation of sales, production, and cost of goods sold budgets and their interrelationships.
Module 6: Cash Budgets
Focuses on the purpose, preparation, and use of cash budgets to manage liquidity and short?term financial planning.
Module 7: Budgeting Techniques & Performance Management
Explores alternative budgeting techniques, managing the budget process, and the benefits and limitations of the management?by?objectives approach.
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