Finance & Accounting – Budgets Costs and Effective Decision Making
By the end of this module, you should be able to:
Describe the importance and benefits of budgeting in an organization.
Explain the budget process and the essentials to effective budgeting.
Distinguish between the types of budgets used in organizations.
Identify various components of the master budget.
Explain the impact of human behavior in relation to budgets.
Prepare a budget applicable to human resources functions.
Apply budgeting concepts to human resources functions.
Analyze the impact of budgeting on an organization.
Explain the differences between a cost, profit, and investment centre.
Evaluate performance using standard costs and balanced scorecards
