What you'll learn
This course is designed to train the participants on budgeting and forecasting and make them familiar with the process.
It will be useful for them in their career as budgeting plays a key role in all organizations as that gives the road map and performance target to the company
You will be able to understand the budgeting process and the various concepts in that
Costing concepts – Master budget; Costing concepts; Direct and Indirect cost concepts.
Requirements
Basic Finance knowledge – This course contains advanced concepts and techniques about budgeting and forecasting, so basic finance knowledge is required to understand and get hold of this training.
Passion to learn – You should have the interest to learn to budget and it could be more useful for students and finance professionals who are planning to pursue their career in finance budgeting, financial planning, and analysis, financial reporting, etc.
Description
Learn financial budgeting from scratch along with its techniques, process, and also understand advanced budgeting. There are many benefits to the budgeting process when used properly. You can become a more valuable employee or more successful business owner when you are able to understand and contribute to the budgeting process. Budgeting helps promote teamwork, communication, and continuous improvements. The organization's goals for the coming year are translated into dollars and cents and shared in a way that helps monitor and improve performance. However, not everyone is comfortable in the world of accounting. This course is perfect for motivated employees and business owners eager to improve their value and contribute in a more meaningful way to the budgeting process. A budget is a financial plan for a specific period, usually prepared for a financial year. It covers all financial aspects for the future period right from revenue, costs, expenses, profits, assets, liabilities, and cash flows. The budget is more of an estimate and the target set by the management for future performance. The budget is the expected performance and the same will be tracked against the actual performance and the gaps will be monitored by the management. There are two types of budgeting – Operational budgeting and Capital budgeting.You will be learning the following topics in this Online Financial Budgeting Course.This part covers the budgeting and forecasting techniques from basics. You will be able to understand the budgeting process and the various concepts in that. This session will help you to develop the budget in line with the organization's goals.Introduction to budgeting and forecasting.Costing concepts – Master budget; Costing concepts; Direct and Indirect cost concepts.Cost behavior – Overhead allocation; Cost behavior; Fixed and variable cost concepts.Contribution – Cost volume profit model with examples.Statement – Forecasting techniques and budgeting techniques; Preparation of Financials; Balance sheet; Income statement; Cash flow statement.Case studiesMonitoring – Budget monitoring and control.Run rate – Run rate and MYF; Dynamic market; Behavioral and Ethical aspects.
Overview
Section 1: Introduction
Lecture 1 Introduction to Budgeting
Lecture 2 Budget Period and Purpose of Budget
Section 2: Overview
Lecture 3 Introduction to Budgeting
Lecture 4 Budget Cycles
Lecture 5 Purpose of Budgeting
Section 3: Types of Budgeting
Lecture 6 Types of Budgeting
Lecture 7 Production Budget
Lecture 8 Labor Budget
Lecture 9 Selling and Distribution Budget
Lecture 10 Capital Expenditure Budget
Lecture 11 Cash Budget
Lecture 12 Fixed and Flexible Budget
Lecture 13 Zero Based Budgeting
Lecture 14 Zero Based Budgeting Continues
Section 4: Approaches to Budgeting
Lecture 15 Approaches to Budgeting
Lecture 16 Top Down Budgeting
Section 5: Budget Preparation Process
Lecture 17 Perpetration of Budget
Lecture 18 Perpetration of Budget Continues
Lecture 19 Budget Implementation
Section 6: Budgetary Monitoring and Control
Lecture 20 Budget Monitoring and Control
The budgeting training course is useful for both students and professionals who have the interest to learn and pursue their careers in that line.,Professionals – Finance Professionals who are in lines of b udgeting and analysis and others who are accountants, treasurers, corporate development professionals, reporting analysts, etc. can also take up this course.

Homepage

https://www.udemy.com/course/budgeting-tutorials-building-budget-of-a-company/