Introduction To Managing Budgets
- Offered byThe knowledge academy
Introduction To Managing Budgets at The knowledge academy Overview
Duration | 1 day |
Start from | Start Now |
Total fee | ₹24,995 |
Mode of learning | Online |
Official Website | Go to Website  |
Credential | Certificate |
- Overview
- Highlights
- Course Details
- Curriculum
- Admission Process
Introduction To Managing Budgets at The knowledge academy Highlights
- Earn a certificate after completion of course
- Engage in activities, and communicate with your trainer and peers
Introduction To Managing Budgets at The knowledge academy Course details
Financial Analysts
Department Heads
Fund Managers
CEOs and CFOs
Investors and Entrepreneurs
Accounting Staff
Project Managers
To understand the principles of Budget Management and its role in strategic planning
To learn how to prepare and present comprehensive budgets
To gain insights into forecasting techniques for accurate financial planning
To develop skills in monitoring and controlling budgets to avoid overspending
To enhance decision-making capabilities by analyzing financial variances
Budget Management in India is a critical skill enabling organizations to allocate resources efficiently and achieve their financial goals. Understanding how to manage budgets effectively ensures financial stability and fosters growth within any business
This course is designed to introduce the fundamentals of budget management and its significance in today's competitive environment
The course is designed to be interactive, with real-life case studies and exercises enabling delegates to apply what they learn directly to their professional roles
Introduction To Managing Budgets at The knowledge academy Curriculum
Module 1: What is the Purpose of a Budget
Budgeting
Budget Preparation
What is the Purpose
Advantages of Budgeting
Limitations of Budgeting
Module 2: Key Terminology
Key Components
Budget Manual, Period, and Committee
Financial Terminology
Profit and Loss
Balance Sheets
Module 3: Understanding Cost
Cost Concepts, Classification, and Behavior
Cost Behavior Patterns
Determining the Fixed and Variable Elements of Semi-Variable Costs
Cost Variance
Module 4: Methods of Measuring Financial Performance
KPIs
Metrics, Measures, and Targets
Ratio Analysis
Analyzing Trends in Financial Flows
Break-Even Analysis and Contribution
Break-Even Point
Contribution/Sales (C/S) Ratio
Margin of Safety
Break-Even Charts
Profit/Volume (P/V) Graph
Module 5: Budgeting Techniques
Prioritization
Incremental Budgeting
Zero-Based Budgeting
Module 6: Management of the Budget
How to Build a Budget
Zero-Based Budgeting
Budget Control Cycle
Framework for Budgeting
Budget Manual and Preparation
Flexible Budgeting
Budget Review
Introduction To Managing Budgets at The knowledge academy Admission Process
Important Dates
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