Budgeting for Profit Planning & Control (PCDP)

Customer Rating
Field of Study
Finance
Level
Overview
Credits
11
Qualifies For



Price:  $ 109.99

Additional information

Credits

11

Format

On Demand

Field of Study Department

Finance

CPE Approved

Yes

IRS Approved

No

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 where certain variances arise
  • Identify the value of performance reports
  • Identify the importance of a reasonable sales budget
  • Differentiate between sales planning and sale forecast
  • Recognize the procedures for developing advertising budgets and some characteristics of the advertising budget
  • Identify some methods of calculating advertising budgets
  • Recognize fixed vs. semi-variable vs variable costs
  • Understand the applicability of static budgets
  • Recognize how the flexible budget formula help develop the factory overhead budget
  • Recognize items included in the budget process for general and administrative expenses
  • Identify the factors that need to be considered in R&D planning
  • Identify factors in considering capital expenditures
  • Recognize components of the capital expenditures budget
  • Recognize the importance, attributes and components in a cash budgeting system
  • Identify advantages of using “what-if” scenarios when budgeting
  • Recognize the steps involved in zero-base budgeting and how often it should be conducted
  • Recognize what is involve in a decision package
  • Recognize the special features associated with planning and budgeting for service businesses.
  • Identify the unique features and characteristics of governmental and nonprofit organizations (NPOs)

Designed For:

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

Customer Reviews

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P
Pamela N. (Wilmington, US)
Useful course

This course was very helpful and I have already found myself using what I learned to prepare, sort, and filter tables in Excel.

J
Jennifer S. (Foster, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)

L
Lauren V.D. (Montgomery Village, US)

Excel: Audit & Analytical Uses for Filters & Tables (AUMC)