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L1: First-Line Management → L1: Finance and Admin.

Understand and Develop Business Budgets (L1F04)


Description
COURSE OVERVIEW:

Is it budget time in your organization? Have you been tasked with setting a budget, or are you part of team setting the budget? If you are, then this course will prove invaluable for you.

This introductory course reviews the range of different types of budgets, which together make up the master budget framework for an organization. You will learn what to include in the different types of budgets, and about budgeting best practice, and alternative budget approaches you may encounter. The course provides guidance, practical assignments, and numerous tools to help you develop budgets for most types of organization.

COURSE DETAILS
Suitable For: All non-finance staff involved in developing budgets
Course Duration: 20 Hours
Certification: Certificate of Attainment
Delivery: Online
Resources: Learners manual, Budgeting templates, additional articles and worksheets.

Content
  • Understanding Costs and Budgets 1 - Getting Started
  • Section 1: Understanding Costs
  • Understanding Costs and Budgets 2 - Understanding costs
  • Video - An Overview of Costs
  • Understanding Costs and Budgets 3 - Cost centers
  • Video - Cost Centers and Profit Centers
  • Understanding Costs and Budgets 4 - Standard Costs
  • Understand Costs and Budgets - Quiz 1
  • Section 2: Developing a range of Budgets
  • Understanding Costs and Budgets 5 - Understanding Budgeting
  • Video - Introduction to Budgeting
  • Understanding Costs and Budgets 6 - Developing the Sales Budget
  • Video - The Sales Budget
  • Video - Sales Budget Example
  • Understanding Costs and Budgets 7 - The Production Budget
  • Video - The Production Budget
  • Video - Example Production Budget
  • Understanding Costs and Budgets 8 - Developing the Direct Labor Budget
  • Video - The Direct Labor Budget
  • Understand Costs and Budgets - Quiz 2
  • Understanding Costs and Budgets 9 - Materials and Equipment Budget
  • Video - The Direct Materials Budget
  • Video - Example of Materials Budget
  • Understanding Costs and Budgets 10 - Overhead Budget
  • Video - The Manufacturing Overhead Budget
  • Understanding Costs and Budgets 11 - Selling and General Admin Budget
  • Understand Costs and Budgets - Quiz 3
  • Section 3: Finalizing and Implementing the Budget
  • Understanding Costs and Budgets 12 - Finalizing the Budget
  • Understanding costs and Budgets 13 - Monitoring the Budget
  • Video - Variance Analysis
  • Understanding Costs and Budgets 14 - Wrapping Up
  • Understanding Costs and Budgets - Course Evaluation
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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