Budgeting- A Comprehensive Guide

Price: $129.50

CPE Credits: 14.0

Category:

Course Number: FINSBBUD

Budgeting cpe

Description:
Budgeting: The Comprehensive Guide shows how to create a budget, whether there are variations on the traditional budgeting concept that may work better, and how to operate without any budget at all. The discussion also covers capital budgeting, flexible budgeting, zero-base budgeting, and all of the procedures, controls, and reports needed for a functioning budget system.
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: August 2014

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Note the advantages and disadvantages of budgeting.
  • Identify the components of cost-volume-profit analysis, and how it can be used.
  • State the types of budgets that are included in the system of budgets.
  • Cite the sources of information for the revenue budget, and note how this budget is used.
  • Note how different decisions can impact the amount of finished goods inventory on hand.
  • Identify how the production budget is compiled, and the issues to consider when constructing it.
  • Note how the direct materials budget is compiled.
  • Identify the components of the direct labor budget, and how it is compiled.
  • Cite the line items used in the manufacturing overhead budget, and the nature of these costs.
  • State the sources of the cost of goods sold budget, and the reasons for changes in the expense.
  • Identify the sales and marketing activities that can affect revenue, as well as the methods used to compile and present the sales and marketing budget.
  • Note how the research and development budget is derived, as well as how to review the budget for effectiveness.
  • Cite the line items usually found in the administration budget.
  • Identify the methods used to review capital budgeting proposals.
  • Note the uses to which a headcount budget is put, and whether bonuses should be included in the budget.
  • State the components of the master budget, and the factors impacting budgeted asset and liability levels.
  • Identify the line items used in a nonprofit budget.
  • Cite the advantages and disadvantages of flexible budgeting.
  • Identify the situations in which costs can vary, and when they are more likely to be fixed.
  • State the nature of zero-base budgets and the process for using them, as well as the nature of conditional budgeting.
  • Note the role of management in an environment where there is no budget.
  • Note the focus of a rolling forecast, and the nature of a continuous budget.
  • Identify the procedural steps needed to create a budget, including those steps needed to prevent budget slippage and calculation errors.
  • Cite the methods available for improving the efficiency of the budgeting process, and of the budget model.
  • State the variances that can be used to compare a budget to actual results.
  • Identify the controls that can accompany a budgeting process, and what they are intended to accomplish.

Description:
Budgeting: The Comprehensive Guide shows how to create a budget, whether there are variations on the traditional budgeting concept that may work better, and how to operate without any budget at all. The discussion also covers capital budgeting, flexible budgeting, zero-base budgeting, and all of the procedures, controls, and reports needed for a functioning budget system.
Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: August 2014

Format: PDF

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Note the advantages and disadvantages of budgeting.
  • Identify the components of cost-volume-profit analysis, and how it can be used.
  • State the types of budgets that are included in the system of budgets.
  • Cite the sources of information for the revenue budget, and note how this budget is used.
  • Note how different decisions can impact the amount of finished goods inventory on hand.
  • Identify how the production budget is compiled, and the issues to consider when constructing it.
  • Note how the direct materials budget is compiled.
  • Identify the components of the direct labor budget, and how it is compiled.
  • Cite the line items used in the manufacturing overhead budget, and the nature of these costs.
  • State the sources of the cost of goods sold budget, and the reasons for changes in the expense.
  • Identify the sales and marketing activities that can affect revenue, as well as the methods used to compile and present the sales and marketing budget.
  • Note how the research and development budget is derived, as well as how to review the budget for effectiveness.
  • Cite the line items usually found in the administration budget.
  • Identify the methods used to review capital budgeting proposals.
  • Note the uses to which a headcount budget is put, and whether bonuses should be included in the budget.
  • State the components of the master budget, and the factors impacting budgeted asset and liability levels.
  • Identify the line items used in a nonprofit budget.
  • Cite the advantages and disadvantages of flexible budgeting.
  • Identify the situations in which costs can vary, and when they are more likely to be fixed.
  • State the nature of zero-base budgets and the process for using them, as well as the nature of conditional budgeting.
  • Note the role of management in an environment where there is no budget.
  • Note the focus of a rolling forecast, and the nature of a continuous budget.
  • Identify the procedural steps needed to create a budget, including those steps needed to prevent budget slippage and calculation errors.
  • Cite the methods available for improving the efficiency of the budgeting process, and of the budget model.
  • State the variances that can be used to compare a budget to actual results.
  • Identify the controls that can accompany a budgeting process, and what they are intended to accomplish.
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