XCPD-664 Introduction to Budgeting
This course will introduce the participants to the function and process of operational budgeting. The role of operational budgeting in organizational planning and control will be reviewed. Course topics will include: budget preparation, resource allocation/strategic planning, compliance, variances, audits, and cost containment. Course participants will study key differences in corporate, nonprofit, and government budgeting methodologies. Course activities will include lecture, class discussions, group activities, case studies, and basic financial exercises. Some class time will be used for group budget activities including budget analysis and preparation.
Upon completion of this course, successful students will be able to:
- Describe the functions and process of operational budgeting.
- Discuss the role of operational budgeting in organizational planning and controls.
- Assess and critique an operational budget.
- Construct and refine an operational budget.