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Budgeting and Financial Management: Budgeting and Financial Planning |
| Course Status: | Released |
| Course Language: | English |
| Course Duration: | 4 Hours |
| Deployment Options: | Online, Interactive CDs, Network, Downloads, Intranet |
| Audience |
| Managers, prospective managers, and anyone else within an organization involved in making business decisions |
| Prerequisites |
| None |
| Course Aim |
| To give the learner an overview of budgeting processes within all functions of an organization, including sales and production |
| Learning Objectives |
| Define and discuss contemporary budgeting. Describe the external drivers of change that shape business. Define CSF. Outline the purposes of budgeting. Explain the planning and control functions of revenue budgeting. Give an overview of revenue budget preparation. Explain the importance of budgetary control. Outline the uses and importance of capital budgeting. Describe the benefits of the different capital appraisal techniques. Explain the relationship between risk and capital investment. |
| Topics Covered |
| Context and purposes of budgeting - External drivers of change - Critical success factors and current management themes - Purposes of budgeting Overview of revenue budgeting - Administering the budgeting process - Preparing revenue budgets - Budgetary control Overview of capital budgeting - Reasons for capital budgeting - Capital investment appraisal - Planning for risk and uncertainty |