Course - Budgetary Control

Introduction

A budget is a financial plan for saving, spending and borrowing money. A budget helps an organization determine whether it can operate based on projected income and expenses for a period of time. A budget is generally prepared for a period of one year but is broken down monthly for various spending and saving purposes. Accurate projection of revenue and expenses is vital for organizational planning for resources like people, materials and money. Budgetary Control ensures that opportunities for enhancing the long-term value of your business are considered properly and not evaluated on their short-term impact.

Program Benefits

  • Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out variances, if any. The comparison of budgeted figures with actual figures will help the management to find out variances and take corrective actions without any delay. It helps planning, coordination between departments, decision-making, monitoring of operating results and motivation of personnel to achieve business objectives.
  • A budgetary control is a mechanism that helps executives ensure that spending limits are adequate. This control is important because spending excesses have an unfavorable impact on corporate profits.
  • Through this course, you will learn about: Preparation and analysis of the budget, how to Integrate strategy, as well as , how to manage different types of cost .

What you learn

  • Introduction to Budgetary Control
  • Organisation for Budgetary Control
  • The Production Budget and Material Budget
  • Capital Budgeting
  • Manual of Budgetary Procedure
  • Oracle ERP Budgetary Control

How program runs

You can join the program at any time and can access all content for 60 days. Upon enrollent, you will be able to see all modules of the program. For each module, the study material is provided in three formats, (a) presentation (b) text (c ) video lecture . Along with reading material, there is a self evaluation quiz for each module. After 30 days from the enrollement test, you are eligible to give online certification exam , normally of one hour duration. You require to get minimum 50 % to complete the program successfully. Successful candidates can download e-certificate . Candidates scoring less then 50 % or not able to appear within 60 days from the date of enrollment, can appear after paying nominal re-exam fees.

About the faculty

 

Suresh Jain is a business man who started in Mumbai and in a short period has expanded his business to the five metros of India. An MBA in Finance from Somaiya, spent over a decade in the the investment banking sector. A Passionate teacher an avid reader and a globe trotter.

 

Salient Features

  • Learning material developed by subject matter experts
  • Entire program divided into number of modules
  • Learning resources for each module is available in multiple formats of Text , presenation as well as video lecture from the expert faculty
  • Every module has quiz for practice and self-evalution
  • Certification exams through online mode

Certification

Learners scoring minimum 50% or above, get e-certificate for the program from Skill Academy.