Skye Learning Understanding and Managing Budgets - Details Page

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Product Details

Suite Certificate IconUnderstanding and Managing Budgets Course Icon
Estimated length: 3 hours
Access Time: 90 days
Course rating is 98%
Understanding and Managing Budgets current price is $95

Topics Covered

  • Budgetary plan
  • Budget cycle
  • Responsibility accounting
  • Successful budget characteristics
  • Strategic budgeting
  • Budgeting methodologies
  • Budgeting errors
  • Master budget
  • Profit planning
  • Master budget calculating
  • Variance analysis
  • Operational budgets
  • Production budget
  • Cost of goods sold
  • Cash budgeting

Key Features

  • Mobile-friendly
  • Audio-enabled
  • Badge and credit-awarding
  • Real-world case studies
  • Fully accessible
  • Expert-supported
  • Video content

Course Preview

Course Description

A budget is a detail of expenses and incomes for a set period of time. This introductory-level course covers budgets and how they are used in organizational settings including the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn about the budgeting process, and how organizations are using different budgeting techniques to overcome operating challenges.

Learning Outcomes

  • Recognize the uses and functions of budgeting
  • Recognize the key activities, considerations, and benefits of strategic organizational planning
  • Recognize the purpose and make-up of a master budget
  • Identify the components and calculations used to create a master budget and recognize uses for this information
  • Identify the components and purpose of an operating budget
  • Recognize how sales, production, and cost of goods sold budgets are created and perform related calculations
  • Recognize the purpose of cash budgets and how they are prepared
  • Identify ways the budget process can be managed for optimal results and recognize the benefits and limitations of the management-by-objective system

Notes

This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.

As an Accredited Provider, MindEdge offers for its learning events that comply with the Continuing Education and Training Standard.

Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive credit. Learners will have three attempts at all graded assessments.

Project Management Institute, , the Registered Education Provider logo, Project Management Professional, , Project Management Body of Knowledge, , Agile Certified Practitioner, -, Risk Management Professional, -, the Talent Triangle, and the Talent Triangle logo are marks of the Project Management Institute, Inc.

Information in this course has been taken from A Guide to the Project Management Body of Knowledge, (® Guide) - Sixth Edition, Project Management Institute Inc., 2017.

The following list outlines the you will earn for completing this course, based on the certifications you have.

CAPM®/PMP®/PgMP®
Ways of Working PDUs: 0.75
Power Skills PDUs: 0
Business Acumen PDUs: 2.25
TOTAL: 3

PfMP®
Ways of Working PDUs: 0.75
Power Skills PDUs: 0
Business Acumen PDUs: 2.25
TOTAL: 3

PMI-ACP®
Ways of Working PDUs: 0
Power Skills PDUs: 0
Business Acumen PDUs: 2.25
TOTAL: 2.25

PMI-PBA®
Ways of Working PDUs: 0.75
Power Skills PDUs: 0
Business Acumen PDUs: 2.25
TOTAL: 3

PMI-RMP®
Ways of Working PDUs: 0
Power Skills PDUs: 0
Business Acumen PDUs: 2.25
TOTAL: 2.25

PMI-SP®
Ways of Working PDUs: 0.5
Power Skills PDUs: 0
Business Acumen PDUs: 2.25
TOTAL: 2.75
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