Every registration supports local education. TrainUp Gives Back
Logo

Your Career Training Marketplace

Questions? Call Toll-Free: 1-866-540-9677

  • Instant Access ImageInstant Access
    From Anywhere
  • Unlimited Viewing ImageUnlimited
    Viewing
  • calendar Image 6-12 Months
    To Complete

Description

Professionals and functional managers in every department deal with budgets one way or another for providing targets and direction in their day-to-day decision making and control activities. The budget is a formal expression of the plans, goals, and objectives of an organization and familiarity with the essentials of the budget is expected at every level within that organization. This course aims to provide a basic understanding of budgets and their importance in allocating resources and guiding the activities in an organization. It helps you identify the characteristics of an effective budget and the key phases of the budgetary planning process. The course then provides a few examples of different types of budgets and the approaches to budgeting. Finally, the course takes you through variance analysis and how to use a variance report as part of the budgetary control process.

Learning Objectives
  • Identify the characteristics of an effective budget
  • Sequence the key phases of the budgetary planning process
  • Match budget elements with the type of budget in which they should be recorded
  • Identify key characteristics, advantages, and limitations of two different approaches to budgeting
  • Recognize variances that are worth investigating
  • Audience

Get the latest industry news, recommended courses, & promotions from TrainUp.com sent straight to your inbox.