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Updated in [October 07th, 2023]

What does this course tell?
(Please note that the following overview content is from the original platform)
There's a huge number of reasons A lot of people have none or very little money saved up for emergencies plus the majority of them have substantial student loans and credit card debt Nevertheless a lot of issues could be prevented if these people knew how to budget Any company must prepare its finances and track its profitability To put it another way the projects financial sustainability should be evaluated before it is launched This course will assist you in doing so This course will teach you how to budget and forecast from the ground up This course is designed to prepare people for budgeting and forecasting as well as familiarize them with the process Budgeting plays an important role in all organizations so this will support them in their career When budgeting is performed right it has a number of advantages Understanding and contributing to the budgeting process will help you become a more valuable employee or a more effective business owner Teamwork coordination and quality development are all helped by budgeting After all most of us are not at ease in the accounting world This course is suitable for motivated workers and business owners who want to increase their appreciation and make a more important contribution to the budgeting process This course will explain capital budgeting fundamentals including how to measure Net Present Values as well as which approach should be used in project assessments as each method has its own set of drawbacks and benefits

We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
(Please note that our content is optimized through artificial intelligence tools and carefully reviewed by our editorial staff.)
What skills and knowledge will you acquire during this course?
During this course, participants will acquire the following skills and knowledge:
1. Budgeting and Forecasting: Participants will learn how to create and manage budgets for businesses, including forecasting future financial performance. They will understand the importance of budgeting in tracking profitability and evaluating the financial sustainability of projects before their launch.
2. Financial Sustainability Evaluation: Participants will gain the ability to evaluate the financial sustainability of projects by applying budgeting and forecasting techniques. They will learn how to assess the viability and profitability of projects before making investment decisions.
3. Budgeting Process: Participants will become familiar with the budgeting process and its role in organizations. They will understand the steps involved in creating budgets, coordinating teamwork, and ensuring quality development.
4. Contribution to the Budgeting Process: Participants will learn how to actively contribute to the budgeting process, making them more valuable employees or effective business owners. They will understand the importance of their role in budgeting and how it impacts the overall financial health of the organization.
5. Capital Budgeting Fundamentals: Participants will gain a solid understanding of capital budgeting, including how to measure Net Present Values (NPV) and assess project feasibility. They will learn about different approaches to capital budgeting and the benefits and drawbacks of each method.
Who will benefit from this course?
This course on Financial Budgeting & Forecasting for Business will benefit a wide range of individuals, including:
1. Business Owners: Business owners will benefit from this course as it will help them understand and contribute to the budgeting process of their company. By learning how to budget and forecast effectively, they can make more informed financial decisions and ensure the financial sustainability of their projects.
2. Managers and Executives: Managers and executives in organizations will find this course valuable as it will enhance their understanding of budgeting and forecasting. This knowledge will enable them to effectively track profitability, make informed financial decisions, and contribute to the overall success of their organization.
3. Financial Professionals: Financial professionals, such as accountants and financial analysts, will benefit from this course as it will provide them with a comprehensive understanding of budgeting and forecasting techniques. This knowledge will enhance their skills and make them more valuable assets to their organizations.
4. Employees in Finance and Accounting Roles: Employees working in finance and accounting roles will find this course beneficial as it will deepen their understanding of budgeting processes and techniques. This knowledge will enable them to contribute more effectively to their organization's financial planning and decision-making processes.
5. Individuals Seeking Career Advancement: Motivated workers who aspire to advance their careers will benefit from this course. By gaining a strong understanding of budgeting and forecasting, they can increase their appreciation and make a more significant contribution to the budgeting process. This knowledge can help them stand out and progress in their careers.
6. Students and Graduates: Students and recent graduates who are interested in pursuing careers in finance, accounting, or business management will find this course valuable. It will provide them with a solid foundation in budgeting and forecasting, which is essential knowledge for these professions.

Course Syllabus

Introduction

Budgeting Environment

Master Budget

Costing Concepts

ETC Cost Structure

ETC Calculating

ETC Indirect Cost

Costing behavior

ETC Fixed Variable Cost and Variable

Cost volume profit

ETC Structure

Forecasting

Cash and amortized view

Budget and IS

Budget and BS

Budget and CF

ETC Cost Objects

Aspects of Costing Behavior

ETC Expenses

Classification of Cost

ETC Balance Sheet Statement

Examples of Fixed Cost

Monitoring

Project Based Budget

Examples of Variable Cost

Costing Schedule

Fixed Variable Cost

Cost Volume Profit Model

Start up

Behavioral

Case Structure

Conclusion