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Capital Budgeting certification course

Budgeting


EduOlc Team

Summary

Price
£69 inc VAT
Or £23.00/mo. for 3 months...
Study method
Online, On Demand What's this?
Duration
5.3 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed courses certificate of completion - Free

Overview

This module will teach you how to budget and forecast. This course is intended to familiarize people with the process of budgeting and forecasting as well as to train them for it. Budgeting is vital in all companies, so this can help them succeed in their careers.

Curriculum

31
sections
58
lectures
5h 18m
total

Course media

Description

his course will cover the basics of capital budgeting, such as how to determine Net Present Values and which methodology should be used in project evaluations, as each strategy has its own set of advantages and disadvantages. Any business must manage its finances and keep track of its earnings. To put it another way, before starting a project, its financial feasibility should be measured. This course will help you in this endeavor. If budgeting is done properly, it has a range of benefits. Understanding and contributing to the budgeting process will make you a more valuable employee or company owner. Budgeting encourages collaboration, communication, and quality growth. This course will explain capital budgeting fundamentals, including how to measure Net Present Values as well as which approach should be used in project assessments, as each method has its own set of drawbacks and benefits.

Skills You Will Master:

  • Concept of Budgeting & Forecasting – In this section we will see the process of assessing and setting out an organization’s short- and long-term financial targets is generally broken down into three steps: planning, budgeting, and forecasting.
  • Budget & Financial Statements – In this section we will learn how the primary aim of financial statements is to present existing, accurate, and reliable data. They base their details on real data rather than what the organization wishes it to be.
  • Overhead Allocation – In this section we will see the apportionment of indirect costs to manufactured goods which is known as overhead allocation. All costs borne by a plant other than direct costs are referred to as manufacturing overhead. You’ll also discover how to assign production overhead costs to any inventory products known as work-in-process or finished goods.
  • Classification of Cost – In this section we will learn the division of a category of expenditures into various groups which is known as cost classification.
  • Budget Monitoring & Control – In this topic we will learn the process of monitoring income and expenditure and taking correct action.
  • Allocating Indirect Cost – In this section we will see indirect costs are expenditures that are shared across many systems and are not specifically related to the running of a single program.

Who is this course for?

  • Finance students, managers, accountants or anyone who wants to upgrade their skill in the area of accounting.
  • Learn this course if you want to understand the principles and concept of costing.

Requirements

  • No prior accounting knowledge is necessary to learn this course.
  • Basic fundamentals of Mathematics will help.

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed

Reviews

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.