Details
Modern businesses are an epitome of uncertainty and complexity. Over the period, this uncertainty and complexity in business has led to the development of various managerial tools, techniques and procedures useful in managing business successfully. Of all these, budgeting is the most common and widely used standard device for planning and control. This course provides fundamental understanding of budgeting, budgeting process and includes a practical guide for preparing and mastering financial budgets
After completing this course you will be conversant with:
- Overview of cost and budgeting
- Different types of cost and budgets
- Different approaches to cost and budgeting
- The process of preparing budget and budgetary control
Target Audience
Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit.
Supervisory Agencies, Central Banks, Financial Institutions, Commercial Banks, Investment Banks, Housing Societies/Thrifts, Mutual Funds, Brokerage Houses, Stock Exchanges, Derivatives Exchanges, Insurance Companies, Multinational Corporations, Accountancy
Firms, Consultancy Firms, Law Firms, Rating Agencies, Multi-lateral Financial Institutions.
Outline
Direct vs indirect cost
Fixed vs variable cost
Other cost classification
Responsibility centre & units
Breakeven Analysis and Theory
Framework for Budgeting
Budget Preparation
Behavioural Aspect of Budgetary Control
Traditional Budgetary systems
Functional Budget
Flexible Budget
Zero-Based Budget
Other Budgets
Budgetary issues
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