Budgeting for Profit, Planning & Control

Course Information

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Title: Budgeting for Profit, Planning & Control
Category: Finance
Field of Study: Finance
Course Code: M259
CPE Credits: 11.0
Price: 74.95

Description

Description:

The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. A budget is the formal expression of plans, goals, and objectives of management that covers all aspects of operations for a designated time period. The budget is a tool providing targets and direction. Budgets provide control over the immediate environment, help to master the financial aspects of the job and department, and solve problems before they occur. Budgets focus on the importance of evaluating alternative actions before decisions are actually implemented. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. New developments and uses of budgets such as rolling budgets at various managerial levels within a business are illustrated that combine budgeting, forecasting analytics, business intelligence, and collaboration.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Finance

Field of Study: Finance

Passing Score: 70%

Technical Details:

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Objectives

Objectives:

Chapter 1: The What and Why of Budgeting 1. Recognize the different types of budgets 2. Identify characteristics and advantages of budgeting Chapter 2: Strategic Planning and Budgeting and Planning for Profit 1. Recognize how strategic planning and budgeting are linked together 2. Identify certain budget measurements 3. Distinguish between short-term and long-term plans 4. Identify objectives of profit planning 5. Recognize metrics in the profit plan

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA