Budgeting for Profit Planning & Control

Price: $101.75

CPE Credits: 11.0

Category:

Course Number: FIBPPCDP

profit planning

Description:
The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets such as rolling budgets at various managerial levels within a business are illustrated, along with active financial planning software and e-budgeting  that combine budgeting, forecasting analytics, business intelligence, and collaboration. The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets such as rolling budgets at various managerial levels within a business are illustrated, along with active financial planning software and e-budgeting  that combine budgeting, forecasting analytics, business intelligence, and collaboration.  This course was previously under the course id.FIBUDGDP.      Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview

Prerequisites: Basic Accounting

Advanced Preparation: None

Author: DeltaCPE LLC

Publication: November 2018
Format: PDF
Pages: 292

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the different types of budgets
  • Identify characteristics and advantages of budgeting
  • Recognize how strategic planning and budgeting are linked together
  • Identify certain budget measurements
  • Distinguish between short-term and long-term plans
  • Identify objectives of profit planning
  • Recognize metrics in the profit plan
  • Recognize the major types of budget reports
  • Identify the components of the budget sheet
  • Identify examples of variable costs, fixed costs, and mixed costs
  • Recognize two methods of developing a flexible budget formula: the high-low method and regression analysis
  • Calculate fixed costs and overheard costs
  • Distinguish among three types of responsibility centers.
  • Identify weaknesses of many cost systems
  • Identify examples of financial budgets
  • Recognize components of overhead
  • Recognize the purpose and causes of variance analysis
  • Recognize where certain variances arise
  • Identify the value of performance reports
  • Identify the importance of a reasonable sales budget
  • Differentiate between sales planning and sale forecast
  • Recognize the procedures for developing advertising budgets and some characteristics of the advertising budget
  • Identify some methods of calculating advertising budgets
  • Recognize fixed vs. semi-variable vs variable costs
  • Understand the applicability of static budgets
  • Recognize how the flexible budget formula help develop the factory overhead budget
  • Recognize items included in the budget process for general and administrative expenses
  • Identify the factors that need to be considered in R&D planning
  • Identify factors in considering capital expenditures
  • Recognize components of the capital expenditures budget
  • Recognize the importance, attributes and components in a cash budgeting system
  • Identify advantages of using “what-if” scenarios when budgeting
  • Recognize the steps involved in zero-base budgeting and how often it should be conducted
  • Recognize what is involve in a decision package
  • Recognize the special features associated with planning and budgeting for service businesses.
  • Identify the unique features and characteristics of governmental and nonprofit organizations (NPOs)

 

 

Description:
The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets such as rolling budgets at various managerial levels within a business are illustrated, along with active financial planning software and e-budgeting  that combine budgeting, forecasting analytics, business intelligence, and collaboration. The course is intended for business professionals engaged in budgeting, financial planning, forecasting, profit planning, and control. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets such as rolling budgets at various managerial levels within a business are illustrated, along with active financial planning software and e-budgeting  that combine budgeting, forecasting analytics, business intelligence, and collaboration.  This course was previously under the course id.FIBUDGDP.      Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview

Prerequisites: Basic Accounting

Advanced Preparation: None

Author: DeltaCPE LLC

Publication: November 2018
Format: PDF
Pages: 292

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the different types of budgets
  • Identify characteristics and advantages of budgeting
  • Recognize how strategic planning and budgeting are linked together
  • Identify certain budget measurements
  • Distinguish between short-term and long-term plans
  • Identify objectives of profit planning
  • Recognize metrics in the profit plan
  • Recognize the major types of budget reports
  • Identify the components of the budget sheet
  • Identify examples of variable costs, fixed costs, and mixed costs
  • Recognize two methods of developing a flexible budget formula: the high-low method and regression analysis
  • Calculate fixed costs and overheard costs
  • Distinguish among three types of responsibility centers.
  • Identify weaknesses of many cost systems
  • Identify examples of financial budgets
  • Recognize components of overhead
  • Recognize the purpose and causes of variance analysis
  • Recognize where certain variances arise
  • Identify the value of performance reports
  • Identify the importance of a reasonable sales budget
  • Differentiate between sales planning and sale forecast
  • Recognize the procedures for developing advertising budgets and some characteristics of the advertising budget
  • Identify some methods of calculating advertising budgets
  • Recognize fixed vs. semi-variable vs variable costs
  • Understand the applicability of static budgets
  • Recognize how the flexible budget formula help develop the factory overhead budget
  • Recognize items included in the budget process for general and administrative expenses
  • Identify the factors that need to be considered in R&D planning
  • Identify factors in considering capital expenditures
  • Recognize components of the capital expenditures budget
  • Recognize the importance, attributes and components in a cash budgeting system
  • Identify advantages of using “what-if” scenarios when budgeting
  • Recognize the steps involved in zero-base budgeting and how often it should be conducted
  • Recognize what is involve in a decision package
  • Recognize the special features associated with planning and budgeting for service businesses.
  • Identify the unique features and characteristics of governmental and nonprofit organizations (NPOs)

 

 

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