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Budgeting – An Introduction

A budget is a plan that outlines an organization's financial or operational goals. It is an action plan; it helps a business allocate resources, evaluate performance, and formulate plans. Understanding the importance of budgeting is the first step in successful financial planning. This course introduces budgeting and the five most commonly used methods of budgeting.

  • OBJECTIVES

    On completion of this course, you will be able to:

    List four ways that budgeting benefits you in your work as a manager

    Identify two different approaches to budgeting

    Describe five commonly used budgeting methods

  • COURSE OUTLINE

    Topic 1: Budgeting Benefits

    Helps to Plan

    Provides a benchmark

    Encourages Communication

    Topic 2: Budgeting Approaches

    Bottom-up

    Top-down

    Topic 3: Budgeting Methods

    Incremental

    Fixed

    Flexible

    Zero-base

    Rolling

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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INTRODUCTORY

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Intuition engages with over 30 accreditation bodies to ensure Know-How can be used for CPE credits. If your organization needs CPE from a body not listed below, contact us and we will endeavour to have them included.

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