MBA Interactive Series on Budget Planning & Control
- 4.1
Brief Introduction
An interactive course on Management Budget Planning Techniques and Budget Control methods &Responsibility AccountingDescription
In this course, we cover the Management Planning & Control tools and techniques that would be part of a Managerial ( Management) Accounting university course.
This is an Interactive accounting course
Know the three cost categories - Direct natr=erial/Direct Labour/Overhead
Understand the difference between product costs and Period Costs
Prepare a Master Budget using excel spreadsheets to plan business operations.
Prepare a Cash Budget
Know how to use the Flexible Budget to control operations.
Perform Budget variance analysis.
Understand Responsibility Accounting - Cost centers/Profit Centers & Investment centers.
Know how you are evaluated on ROI ( Return on Investment(
Understand the Balanced Scorecard and how it used in evaluating performance.
T
Requirements
- Requirements
- Students need to know financial accounting and how to use basic Excel
- Students should have a basic knowledge on introductory financial accounting.