Understanding and Managing Budgets
A budget is a detail of expenses and incomes for a set period of time. This introductory-level 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.
A budget is a detail of expenses and incomes for a set period of time. This introductory-level 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.
A budget is a detail of expenses and incomes for a set period of time. This introductory-level 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.
Credits
3 HRCI Credits
3 SHRM PDCs
3 ATD CI Credits
3 PMI PDUs:
0.75 Ways of Working PDUs
2.25 Business Acumen PDUs
Learning Outcomes
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
Accreditations
Estimated Time to Complete: 3 hours
Access Time: 90 days
Refund Policy
You may request a refund up to 7 days from the purchase date. The registration fee will only be refunded if less than 10% of each course has been completed. Course completion can be viewed from within the course platform.