Financial Budgeting & Forecasting
Learn Budgeting and Forecasting, Principles and Concept of Costing, Direct Cost and Indirect Cost, Overhead Allocation
Updated on Sep, 2023
Language - English
Course Description
There’s a huge number of reasons. A lot of people have none or very little money saved up for emergencies, plus, the majority of them have substantial student loans and credit card debt. Nevertheless, a lot of issues could be prevented if these people knew how to budget. Any company must prepare its finances and track its profitability. To put it another way, the project's financial sustainability should be evaluated before it is launched. This course will assist you in doing so. This course will teach you how to budget and forecast from the ground up. This course is designed to prepare people for budgeting and forecasting as well as familiarize them with the process. Budgeting plays an important role in all organizations, so this will support them in their career. When budgeting is performed right, it has a number of advantages. Understanding and contributing to the budgeting process will help you become a more valuable employee or a more effective business owner. Teamwork, coordination, and quality development are all helped by budgeting. After all, most of us are not at ease in the accounting world. This course is suitable for motivated workers and business owners who want to increase their appreciation and make a more important contribution to the budgeting process. This course will explain capital budgeting fundamentals, including how to measure Net Present Values as well as which approach should be used in project assessments, as each method has its own set of drawbacks and benefits.
Skills You Will Master:
- Principles and Concept of Costing - In this section we will see principles and concept of costing which states that assets, liabilities, and equity investments must be reported at their original cost on financial statements. The historical cost theory and the historical cost definition and the other terms for the cost principle.
- Direct Cost and Indirect Cost - In this section we will learn direct costs are expenditures that are directly related to the manufacture of products or the provision of services, while indirect costs are general business expenses that keep the business going.
- Overhead Allocation - In this section we will see the apportionment of indirect costs to manufactured goods which is known as overhead allocation. All costs borne by a plant other than direct costs are referred to as manufacturing overhead. You'll also discover how to assign production overhead costs to any inventory products known as work-in-process or finished goods.
- Allocating Indirect Cost - In this section we will see indirect costs are expenditures that are shared across many systems and are not specifically related to the running of a single program.
Goals
What will you learn in this course:
- You will understand the fundamentals of Budgeting Environment
- budgeting and forecasting techniques from scratch.
- You will learn the method of calculating the cost of a product or enterprise.
- You will learn the historical cost theory and the historical cost definition and the other terms for the cost principle.
Prerequisites
What are the prerequisites for this course?
- Finance students, managers, accountants or anyone who wants to upgrade their skill in the area of accounting.
- Learn this course if you want to understand the principles and concept of costing.
Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction
1 Lectures
-
Introduction
02:05
02:05
Budgeting Environment
3 Lectures
Master Budget
3 Lectures
Concept of Costing
3 Lectures
ETC case concepts
3 Lectures
ETC Calculating
2 Lectures
ETC Indirect Cost
2 Lectures
Costing Behavior
2 Lectures
ETC Fixed Cost Variable and Variable
3 Lectures
Cost Volume Profit
2 Lectures
ETC Structure
2 Lectures
Forecasting
2 Lectures
Cash and Amortized View
1 Lectures
Budget and IS
2 Lectures
Budget and BS
2 Lectures
Budget and CF
1 Lectures
ETC Cost Objects
2 Lectures
Aspect of Costing Behavior
1 Lectures
ETC Expenses
2 Lectures
Classification of Cost
1 Lectures
ETC Balance Sheet Statement
2 Lectures
Examples of Fixed Cost
1 Lectures
Monitoring
3 Lectures
Project Based Budget
1 Lectures
Examples of Variable Costs
1 Lectures
Costing Schedule
2 Lectures
Fixed Variable Cost
1 Lectures
Cost Volume Profit Model
2 Lectures
Start up
1 Lectures
Behavioral
2 Lectures
Case Structure
1 Lectures
Conclusion
1 Lectures
Instructor Details
eduOLC
Eduolc offers a continues stream of authentic content. Every course comprises a series of learning material created in high-quality videos. Eduolc is committed to building the best learning experience to bring world class training content and best learning practices delivering to students and professionals.
Course Certificate
User your certification to make a career change or to advance in your current career. Salaries are among the highest in the world.
Our students work
with the Best
Related Video Courses
View MoreAnnual Membership
Become a valued member of Tutorials Point and enjoy unlimited access to our vast library of top-rated Video Courses
Subscribe now
Online Certifications
Master prominent technologies at full length and become a valued certified professional.
Explore Now