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Budgetary Planning and Analysis

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94-719

Units: 6

Description

This course focuses on budgeting and analytical techniques that are a key part of strategic planning and controlling operations of any organization.   It emphasizes the fundamental elements of budgeting, variances analysis and managerial decision making which are valuable skills for effective leaders.  Management control of an organization through various financial metrics helps to ensure organizations reach their goals through systematic processes and optimum allocation of resources.  This will result in organizations achieving their strategic goals leading to sustainability and future growth.

 

Learning Outcomes

At the end of this course, you should be able to:

-Define costing and budgeting terminology used in for profit, nonprofit and government agencies

-Link finance and operations for budgeting purposes and strategy execution by developing an understanding of management control systems

-Build a comprehensive budgeting system utilizing Microsoft Excel

-Calculate contribution margin, breakeven points and cost volume profit analysis

-Explain how organizational objectives can be met with a combination of budgeting and variance analysis

Prerequisites Description

90723 - Financial Statements and Analysis or 95719 - Accounting and Finance Analytics