Business Skills Curricula     Finance and Accounting Curriculum     Accounting for Non-Financial Professionals

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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.

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Objectives

Fundamentals of Budgeting 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