This Basics of Budgeting online training course will introduce the fundamentals of budgeting. This course addresses how changes in management techniques, the business environment, economies, and technology are reflected in the changes in budgeting, and how the basics of budgeting are important to any business, large or small.
Finance is the lifeblood of any business. Whatever the business goals and objectives, financial return is a priority. A business is commonly viewed as operating from year to year by its stakeholders, financial institutions, and investors.
Each year, a business prepares to go on a journey. Successful, energetic businesses have a clear idea of what the destination is going to be. A map provides essential reference points along the way, helping the business to maintain direction and financial momentum.
Financial reference points are produced by a budget. These reference points are expressed in financial terms, based on a mix of historical data, forecasts, assumptions, and estimates.
Course Learning Objectives
By taking this online Basics of Budgeting course, the user will learn to:
List the objectives and components of a budget.
Explain how budgets are developed.
Describe how budgets are used.
Analyze how change is influencing the budgeting process.
This online Basics of Budgeting course is made up of the following sections:
- Introduction to Budgets
- Developing a Budget
- Using a Budget
- Changes in Budgeting
This Basics of Budgeting online training course was designed for employees and supervisors.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.