Course Details

In this course study budgeting basics to improve decision making. Students who pursue this program will gain active learning through practical exercises. Guidance here is provided by experienced industry based professionals. Detailed course materials are given. Every kind of assistance regarding the course during the sessions are provided by our institution.

Course fundamentals:

Day 1  

• Advantages of budgeting
• Key differentiating factors – Budget and Forecasting
• Types of Budgets
• What is a Master Budget?
• Sales Budget and its components – Projections, Sales Plans and Life Cycle of a Product
• New Business Budgets
• Budgeting templates
• Fixed and variable expenses
• Production and raw materials budgets
• Contingency Budgeting
• Income and financial statements

Day 2  

• Making budgets – step by step
• Cash budgets
• All about studying budgets, types of variances and variance analysis
• Capital budgets
• Project Management budgeting
• IRR, ARR, Payback and Present Values
• Conclusion