Budgeting essentials and development

The Budgeting Essentials and Development course focus on an integrative and practical view of concepts, methods, and techniques to develop a budget.After finishing this course, learners will be able to:

• Develop the budget with a broad view of the corporate functions;
• Integrate the strategic guidelines into the discussions of budgeting process;
• Structure the budget planning and development in a logical sequence
• Coordinate the project of budget planning with the different areas of the company
• Actively promote assumptions discussions to improve the process of developing the budget
• Apply financial concepts to support the budget planning process
• Design a budget monitoring and control model to support the performance management
• Evaluate the performance of the company by managing the results and the budget

In this course, learners will have a deeper understanding of the budgeting process, its challenges, common issues, and approaches to mitigate the problems and improve the learning curve of budget planning. It is integrative by emphasizing the transition between the corporate strategy and the budget. It is practical by following a structured process of going through a framework that illustrates and demonstrates how to analyze, develop and control the budget.

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Syllabus

Syllabus - What you will learn from this course
Week 1
Module 1: Strategy & Budgeting - Planning & Controlling
As the budgeting process needs strategic guidelines, and these guidelines drive the planning process, corporate managers develop the budget plan accordingly to the strategic guidelines.The budget contributes to the roll-out of programs, projects, and actions to implement in the organization. These programs and projects are planned in the budget development process. In this module of the course, the discussions aim to overview the transition between strategy to the budget planning process.
Week 2
MODULE 2 - Corporate budgeting
Week 3
Module 3.1 - The company operations and the Budget
The course is targeted to professionals who actively participate in the budgeting process, e.g., professionals who have been recently promoted to a managing position, in which the scope of responsibilities are broader, especially in the budget planning, monitoring, and control. Pre-requisites to benefit the most from this course is basic to intermediate business management knowledge and concepts.
Week 4
Module 3.2 - The company operations and the Budget
The corporate budgeting process begins with the strategic guidelines, goes through the discussions of what may be the influence of the guidelines on the assumptions, and culminate in supporting the budget planning process. In this module, the discussions are about the aspects related to this process. Learning objectives include understanding the link between corporate budgeting and the business unit budgeting process; aligning strategic guidelines with planning guidelines, and assessing the connections of the corporate budget to the business level budget.
Week 5
MODULE 4 - Financial and reporting model
Week 6
MODULE 5 - Budget control
Week 7
MODULE 6 - Planning Process – Approaches and evolution

FAQ

When will I have access to the lectures and assignments?

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.

The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

What will I get if I purchase the Certificate?

When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

Is financial aid available?

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Reviews

Really thoughtful and the instructors break hard dry economic terms into pieces of cake.

very helpful. it helped me clarified about the outsourcing process

The course gave me holistic view of budgeting process. Excellent course, highly recommended.

A good introduction to the complexities of budgeting. One star off for several typos which make the presented info look less professional. I am looking forward to the upcoming courses.