Basic Budgeting for Non-financial Professionals
Everyone
- 9 videos | 23m 32s
- Includes Assessment
- Earns a Badge
- PMI PDU
It's not only the Finance department that needs to understand budgeting and finance essentials. Given the importance of finance for non-finance professionals, it's in everyone's best interest to have some basic knowledge of one of the most important aspects of business finance - budgeting. In this course, you'll learn to identify the characteristics of an effective budget, the stages in planning one, and how to distinguish between budgets types. You'll also explore budgeting concepts and techniques such as historical and zero-based budgeting, variance analysis, capital budgeting, and performing budgeting calculations.
WHAT YOU WILL LEARN
-
Recognize the attributes of an effective budget
Recognize the phases of the budgetary planning process
Distinguish between different budget elements and the type of budget to which they apply
Recognize the advantages and disadvantages of historical budgeting -
Recognize characteristics, advantages, and disadvantages of zero-based budgeting
Recognize variances that are worth analyzing
Recognize the key characteristics of the three methods for capital budgeting
Match the formulas for payback period and net present value to the budget calculation each is used to perform
IN THIS COURSE
-
37sIn this course, you'll learn about planning an effective budget, the stages involved, and different types of budgets. You'll also be introduced to Historical and Zero-based budgeting, variance analysis, capital budgeting, and performing budgeting calculations. FREE ACCESS
-
2m 57s
-
3. Planning a Budget2m 50sWhen planning a budget, it may be tempting to rush through it so you can get going with the project. However, budgetary planning is not a race – it's a journey. And there are some very important stops you have to make along the way. Your planning process needs to go through a few crucial phases if you want your budget to be effective in the long run. FREE ACCESS
-
4. Sales, Production, and Cash Budgets2m 59sThe sales budget is one of the most common functional budgets. In this video, you'll learn about the different functional budgets and how to prepare them. FREE ACCESS
-
5. Historical Budgeting2m 40sThere are two commonly-used approaches to budgeting: Historical budgeting and Zero-based budgeting. While these two can be used individually just fine, they can also be used together. In this video, you will learn about the advantages and disadvantages of each approach. FREE ACCESS
-
6. Zero-based Budgeting2m 22sTo ensure the budget you're planning is effective, you can use one of two approaches – Historical budgeting or Zero-based budgeting. These two are standalone, but can be used together – if you understand the difference between them and the pros and cons of each approach. FREE ACCESS
-
7. Budgetary Variance Analysis2m 58sA variance is the difference between the amount you budgeted for, and the actual amount. Because life hardly ever goes according to plan, actual results will often differ from what you planned for in your budget. In this video, you'll learn about the various analytical tools that may help you ensure that your costs and revenues won't come in much higher or lower than calculated. FREE ACCESS
-
8. Capital Budgeting3m 3sWhen making investment decisions, always remember to "look before your leap." And that's where capital budgeting comes in. In this video, you'll learn about the different methods for appraising investments. FREE ACCESS
-
9. Performing Budget Calculations3m 6sThe payback period, or PP, method evaluates risk based on the amount of time – the payback period – it takes a company to recover the money it's invested. This method's ideal when sifting through investment options. FREE ACCESS
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion on some of our courses, which can be shared on any social network or business platform.
Digital badges are yours to keep, forever.
