Capital Budgeting and Evaluation

Concept of Budgeting & Forecasting - In this section we will see the process of assessing and setting out an organization's short- and long-term financial targets is generally broken down into three steps: planning, budgeting, and forecasting.

Budget & Financial Statements - In this section we will learn how the primary aim of financial statements is to present existing, accurate, and reliable data. They base their details on real data rather than what the organization wishes it to be.

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.

Classification of Cost - In this section we will learn the division of a category of expenditures into various groups which is known as cost classification.

Budget Monitoring & Control - In this topic we will learn the process of monitoring income and expenditure and taking correct action.

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.

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.

No prior accounting knowledge is necessary to learn this course.

Basic fundamentals of Mathematics will help.

Finance students, managers, accountants or anyone who wants to upgrade their skill in the area of accounting.

Learn this course if you want to understand the principles and concept of costing.