Udemy – Budget & Budgeting – Management Accounting – Cost Accounting

Video: MP4 1280×720 44 KHz | English + Sub
Updated 8/2021 | Size: 2.020 GB
Detail Study of Sales Budget, Production Budget, Purchase Budget, Labour Budget, Master Budget and Functional Budgets
What you’ll learn
Sales, Production, Purchase, Labour, Functional and Master Budgets
Presenting and Preparation of Budget in Excel from Start to end
Excel worksheet for Practicing own questions of budget
Solving questions based upon knowledge acquired
Requirements
Laptop or Mobile with working Internet Connection
Description
This is the Best Designed course for Students to learn Budget and Budgetary Controls and Concepts.
In these Sessions, I have put my 6+ Years of experience in Budget and Budgeting and created the best possible course for your understanding.
These sessions are designed in the following manner
Firstly, you shall learn about the Concepts on a colorful Blackboard (Please see preview)
Secondly, you shall be shown Excel Visualization charts for the same concept to make that concept more clearer for you.
Lastly, You shall be tested for those concepts through practical assignments, quiz or questions.
Budget
The budget represents the objectives of any organization that is based on the implication of forecast and related to planned activities.
A budget is neither an estimate nor a forecast because estimation is a predetermination of future events, may be based on a simple guess or any scientific principles.
Similarly, a forecast may be an anticipation of events during a specified period of time. A forecast may be for a specific activity of the company. We normally forecast likely events such as sales, production, or any other activity of the organization.
On the other hand, budget relates to planned policy and program of the organization under planed conditions. It represents the action according to a situation which may or may not take place.
Budgeting
Budgeting represents the formation of the budget with the help and coordination of all or the various departments of the firm.
Budgetary Control
Budgetary control is a tool for the management to allocate responsibility and authority in planning for future and to develop a basis of measurement to evaluate the efficiency of operations.
A budget is a plan of the policy to be pursued during a defined time period. All the actions are based on planning of budget because budget is prepared after studying all the related activities of the company. Budget gives a communication ground to the top management with the staff of the firm who are implementing the policies of the top management.
Budgetary control helps in coordinating the economic trends, financial position, policies, plans, and actions of an organization.
Budgetary control also helps the management to ensure and control the plan and activities of the organization. Budgetary control makes it possible by continuous comparison of actual performance with that of the budgets.
Budgets are the individual objectives of a department whereas budgeting may be said to be the act of building budgets. Budgetary Control embraces all this and in addition, includes the science of planning the budgets themselves and utilization of such budget to effect an overall management tool f or the business planning and control.
…Rowland and William
Types of Budgets
Budgets can be categorized in various ways. Let us go through the types of budgets in detail.
Functional Budgets
It relates to any function of the firm such as sales, production, cash, etc. Following budgets are prepared in functional budgets
Sales Budget
Production Budget
Material Budget
Manufacturing Budget
Administrative Cost Budget
Plant Utilization Budget
Capital Expenditure Budget
Research and Development Cost Budget
Cash Budget
Master Budget or Summarized Budget or Finalized Profit plan
This budget is very useful for the top management of the company because it covers all the information in a summarized manner.
Fixed Budget
It is a rigid budget and is drawn on the assumption that there will be no change in the budget level.
Flexible Budget
It is also called a sliding scale budget. It is useful in
the new organizations where it is difficult to foresee,
the firms where activity level changes due to seasonal nature or change in demand,
the industries based on change of fashion,
the units which keep on introducing new products, and
the firms which are engaged in ship-building business.
Who this course is for
Any University Student around Globe/CA/CS/CWA/CMA/ACCA and any Other learner

DOWNLOAD FROM UPLOADGIG.COM

DOWNLOAD FROM RAPIDGATOR.NET

DOWNLOAD FROM NITROFLARE.COM