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Budgeting: The Comprehensive Guide(Not Available)

Author: Steven Bragg

CPE Credit:  15 hours for CPAs

This course shows how to create a budget, whether there are variations on the traditional budgeting concept that may work better, and how to operate without any budget at all. The discussion also covers capital budgeting, flexible budgeting, zero-base budgeting, and all of the procedures, controls, and reports needed for a functioning budget system.

Designed For
Professional accountants and students, since both can benefit from its detailed descriptions of budgeting systems, reports, and controls.

Topics Covered

  • Introduction to Budgeting
  • The System of Budgets
  • The Revenue Budget
  • The Ending Finished Goods Inventory Budget
  • The Production Budget
  • The Direct Materials Budget
  • The Direct Labor Budget
  • The Manufacturing Overhead Budget
  • The Cost of Goods Sold Budget
  • The Sales and Marketing Budget
  • The Research and Development Budget
  • The Administration Budget
  • The Capital Budget

Learning Objectives

  • Describe how the various components of the budget are assembled to create a complete budget package.
  • Describe the types of reporting formats available for the examination of budget versus actual results.
  • Discuss the methods for updating a rolling forecast, as well as the most appropriate contents of such a forecast.

Level
Basic

Format
PDF materials

Instructional Method
Self-Study

NASBA Field of Study
Accounting (15 hours)

Program Prerequisites
none

Advance Preparation
none