Name: Budgeting for Profit Planning & Control (PCDP)
SKU: PCDP
Price: 109.99 USD
Availability: InStock

Budgeting for Profit Planning & Control (PCDP)

Customer Rating

Rated 5 out of 5

Field of Study
Finance

Level
Overview

Credits
11

Qualifies For
CPE

Price: $109.99

The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets such as rolling budgets at various managerial levels within a business are illustrated, along with active financial planning software and e-budgeting that combine budgeting, forecasting analytics, business intelligence, and collaboration. The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets such as rolling budgets at various managerial levels within a business are illustrated, along with active financial planning software and e-budgeting that combine budget

Additional information

Credits	11
Format	Self-Study Download
Company Code	Self Study
Yellow Book Approved	0
CFP Approved	0
IRS Approved	0
CTEC Approved	0
Field of Study Credits	Finance (Technical) (11)
Field of Study Department	Finance (Technical)
Course Version	1/1/19
CPE Approved	1

Pre-requistes:

Basic accounting

Knowledge Level:

Overview

Major Topics:

The What and Why of Budgeting
Strategic Planning and Budgeting and Planning for Profit
Administering the Budget: Reports, Analyses, and Evaluations
Cost Behavior: Emphasis On Flexible Budgets and Contribution Margin
Responsibility Accounting and Reporting To Management
Master Budget: Genesis of Forecasting and Profit Planning
Using Variance Analysis to Evaluate Performance
Budgeting Sales Forecasts, and the Sales and Marketing Budget
Budgeting Manufacturing Costs
Budgeting General and Administrative Expenses and R&D Costs
Cash Flow Forecasting and Budgeting
Zero-Base Budgeting: Priority Budgeting for Best Resource Allocation
Budgeting for Service Businesses and Nonprofit Organizations

Learning Objectives:

Recognize the different types of budgets
Identify characteristics and advantages of budgeting
Recognize how strategic planning and budgeting are linked together
Identify certain budget measurements
Distinguish between short-term and long-term plans
Identify objectives of profit planning
Recognize metrics in the profit plan
Recognize the major types of budget reports
Identify the components of the budget sheet
Identify examples of variable costs, fixed costs, and mixed costs
Recognize two methods of developing a flexible budget formula: the high-low method and regression analysis
Calculate fixed costs and overheard costs
Distinguish among three types of responsibility centers.
Identify weaknesses of many cost systems
Identify examples of financial budgets
Recognize components of overhead
Recognize the purpose and causes of variance analysis
Recognize

Designed For:

Business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control