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  • Understanding and Managing Budgets

    This introductory-level course covers budgets and how they are used. Understand the functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets.

    Beginner | 3 Hours

    $99 for non-members | $79 for members

    enroll

Course Overview

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.

Skill Level: Beginner

What You’ll Learn

  • 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

You will gain access to this course for 90 days from purchase date.

Enroll Now

Understanding and Managing Budgets

Non-Member

$99.00

Member

$79.00

About Our Learning Partner

This course is hosted by our approved learning partner, MindEdge, whose mission is focused on helping adults learn the fundamentals and master the skills needed to succeed personally and professionally.

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