Estimated Length: 3 seat hours
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, 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.
Completion Time:The estimated completion time for this course is three hours. The maximum allotted time is four months from enrollment.
- receive a MindEdge certificate of graduation
Upon completing this course, students will be able to:
- 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