• Professional Development
  • Medicine & Nursing
  • Arts & Crafts
  • Health & Wellbeing
  • Personal Development

Course Images

Budgeting and Forecasting

Budgeting and Forecasting

  • 30 Day Money Back Guarantee
  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • On-Demand course

  • Intermediate level

Description

There’s a huge number of reasons. A lot of people have none or very little money saved up for emergencies, plus, the majority of them have substantial student loans and credit card debt. Nevertheless, a lot of issues could be prevented if these people knew how to budget. Any company must prepare its finances and track its profitability. To put it another way, the project's financial sustainability should be evaluated before it is launched. This course will assist you in doing so. This course will teach you how to budget and forecast from the ground up. This course is designed to prepare people for budgeting and forecasting as well as familiarize them with the process. Budgeting plays an important role in all organizations, so this will support them in their career. When budgeting is performed right, it has a number of advantages. Understanding and contributing to the budgeting process will help you become a more valuable employee or a more effective business owner. Teamwork, coordination, and quality development are all helped by budgeting. After all, most of us are not at ease in the accounting world. This course is suitable for motivated workers and business owners who want to increase their appreciation and make a more important contribution to the budgeting process. This course will explain capital budgeting fundamentals, including how to measure Net Present Values as well as which approach should be used in project assessments, as each method has its own set of drawbacks and benefits.

Skills You will Master

  • Principles and Concept of Costing - In this section we will see principles and concept of costing which states that assets, liabilities, and equity investments must be reported at their original cost on financial statements. The historical cost theory and the historical cost definition and the other terms for the cost principle.

  • Direct Cost and Indirect Cost - In this section we will learn direct costs are expenditures that are directly related to the manufacture of products or the provision of services, while indirect costs are general business expenses that keep the business going.

  • Overhead Allocation - In this section we will see the apportionment of indirect costs to manufactured goods which is known as overhead allocation. All costs borne by a plant other than direct costs are referred to as manufacturing overhead. You'll also discover how to assign production overhead costs to any inventory products known as work-in-process or finished goods.

  • Allocating Indirect Cost - In this section we will see indirect costs are expenditures that are shared across many systems and are not specifically related to the running of a single program.

 Benefits of the course/ Learning Objectives

  • You will understand the fundamentals of Budgeting Environment

  • Budgeting and forecasting techniques from scratch.

  • You will learn the method of calculating the cost of a product or enterprise.

  • You will learn the historical cost theory and the historical cost definition and the other terms for the cost principle.

Requirements/Instructions

  • No prior accounting knowledge is necessary to learn this course.

  • Basic fundamentals of Mathematics will help.

Course Content

57 sections58 lessons
New section2 lessons
  1. 11. Introduction
  2. 22. Budgeting Environment Part 1
New section1 lessons
  1. 13. Budgeting Environment Part 2
New section1 lessons
  1. 14. Budgeting Environment Part 3
New section1 lessons
  1. 15. Master Budget Part 1
New section1 lessons
  1. 16. Master Budget Part 2
New section1 lessons
  1. 17. Master Budget Part 3
New section1 lessons
  1. 18. Principles and Concept of Costing
New section1 lessons
  1. 19. Direct Cost and Indirect Cost
New section1 lessons
  1. 110. Overhead Allocation
New section1 lessons
  1. 111. Cost Structure of a Company Part 1
New section1 lessons
  1. 112. Cost Structure of a Company Part 2
New section1 lessons
  1. 113. Dividing the Cost
New section1 lessons
  1. 114. Calculating Indirect Cost
New section1 lessons
  1. 115. Allocating Indirect Cost
New section1 lessons
  1. 116. Indirect Cost - Example 1
New section1 lessons
  1. 117. Indirect Cost - Example 2
New section1 lessons
  1. 118. Aspects of Costing Behavior
New section1 lessons
  1. 119. Classification of Cost
New section1 lessons
  1. 120. Examples of Fixed Cost
New section1 lessons
  1. 121. Examples of Variable Cost
New section1 lessons
  1. 122. Fixed Variable Cost
New section1 lessons
  1. 123. Cost Volume Profit Model - Part 1
New section1 lessons
  1. 124. Cost Volume Profit Model - Part 2
New section1 lessons
  1. 125. Case Structure 1
New section1 lessons
  1. 126. Case Structure 2
New section1 lessons
  1. 127. Concept of Budgeting _ Forecasting
New section1 lessons
  1. 128. Top Down Approach
New section1 lessons
  1. 129. Budget - Financial Statements
New section1 lessons
  1. 130. Budget Income Statement
New section1 lessons
  1. 131. Cost of Goods
New section1 lessons
  1. 132. Budget & Balance Sheet
New section1 lessons
  1. 133. Inventory
New section1 lessons
  1. 134. Cash Flow Statement
New section1 lessons
  1. 135. Cost Structure of Company
New section1 lessons
  1. 136. Cost Objects
New section1 lessons
  1. 137. Theory Aspect of Costing
New section1 lessons
  1. 138. Total Expenses
New section1 lessons
  1. 139. Projected Expense Growth
New section1 lessons
  1. 140. Classification of Cost
New section1 lessons
  1. 141. Balance Sheet Statement
New section1 lessons
  1. 142. Growth of Liablilites
New section1 lessons
  1. 143. Direct and Indirect Cost
New section1 lessons
  1. 144. Budget Monitoring & Control
New section1 lessons
  1. 145. Mid Year Forecast
New section1 lessons
  1. 146. Zero Based Budgeting
New section1 lessons
  1. 147. Project Based Budget
New section1 lessons
  1. 148. Production Schedule
New section1 lessons
  1. 149. Costing Schedule
New section1 lessons
  1. 150. Actual & Estimate Cost
New section1 lessons
  1. 151. Fixed Variable Cost
New section1 lessons
  1. 152. Cost - Volume Profit Model
New section1 lessons
  1. 153. Operating Levearge
New section1 lessons
  1. 154. Budgeting in Dynamic Market
New section1 lessons
  1. 155. Behavioral _ Ethical Aspects
New section1 lessons
  1. 156. Organizational Culture
New section1 lessons
  1. 157. Summary of Case Study
New section1 lessons
  1. 158. Conclusion

About The Provider

Eduolc
Eduolc
Pune

Eduolc provides video tutorials and a customized learning platform that empowers learners to train at their own pace. Besides our vast collection of online tutorials, Eduolc offers a continuous stream of authentic content.

Read more about Eduolc

Tags

Reviews