Learn how to plan and budget!

In this 20-hour (10 sessions x 2 hours) course, you'll learn the concept of budgeting as a planning tool, a financial device and a control mechanism. In addition, it provides the necessary application tools required to make long-term and short-term planning decisions.

Learning Objectives:

• Defend the importance of linking an organization's budget with its strategic plan
• Demonstrate how the budget relates to the key financial statements such as the balance sheet, income statement, and cash flow
• Prepare the key elements of an operating and capital budget and evaluate different budgeting approaches used
• Apply cost control tools, analyze management variance reports and take proper corrective action
• Calculate different capital budgeting evaluation techniques as included in a capital expenditure proposal
• Utilize cost-volume-profit analysis in making budgeting decisions

Course Outline:

• Interpreting financial statements
• Planning and budgeting
• Cost control
• Capital budgeting
• Applying cost-volume-profit analysis
• Utilizing breakeven analysis