Budgeting

Aims of the course

Students will be able to understand the importance of budgeting and control. They will be able to prepare a master budget and variance analysis.

Course syllabus

1. Definition of a budgeting process
2. Methods of budgeting
3. Preparation of different types of budgets
4. Preparation of master budget (operating and financial budgets)
5. Implications of budgets for decision making and control
6. Types of responsibility centres and accounting control systems
7. Variance analysis for each responsibility centres

Course director(s)