Budgeting

Course Contents

Business planning

  • Strategic considerations and long-term planning
  • Short term budgeting

Budgets and budgetary control

  • Objectives of budgeting
  • Development, implementation and co-ordination of budgets
  • The main methods and types of budgeting

Variances analysis

  • Meaning and relevance of variances
  • Calculation of basic variances
  • Causes of variances

Changes in business structures and management accounting

  • Competitive environment
  • Information needs for different business structures
  • Business integration

Alternative approaches to budgeting for control

  • Beyond budgeting
  • Behavioral aspects of budgeting
  • Learning curves and experience effect

Performance measurement and control

  • The scope of performance measurement
  • Divisional performance and transfer pricing
  • Performance analysis in not-for-profit organisations and the public sector
  • External considerations and behavioural aspects

Group Exercise on Budgeting negotiation skills

Your Tutor: Georgi Kirilov