This course is designed to help you make budgets for every department of your business to drive important business decisions. A budget helps you to forecast your future profit and savings based on your current income and expenses. The course covers the following:
Key Outcomes of the Course:
Benefits of Budgeting
Difference between Forecasting and Budgeting
How to prepare a budget
How to set sales and production budget
Zero Based Budgeting
Performance-based budgeting
Budget Variance Analysis
Period-wise Budgets
Financial budgeting
Overhead budgeting
Syllabus
1. Introduction
2. Difference Between Forecasting vs Budgeting
3. Budgetary Control System
4. How to Prepare a Budget?
5. How to Make Sales and Production Budget?
6. Cost of Production Budget
7. Overhead Budgeting
8. Financial Budgeting
9. Benefits of Budgeting
10. Fixed and Flexible Budgeting
11. Period-Wise Budgets
12. Budget Variance Analysis
13. Zero Based Budgeting
14. Performance Based Budgeting
15. Summary
