Budgeting and Financial Management: Controlling Financial Performance
Overview/Description
To acquaint the learner with the role of budgetary performance monitoring as an aid to strategy implementation
Target Audience
Managers, prospective managers, and any other employees seeking advanced competency in the area of budgeting and financial planning
Prerequisites
An understanding of the principles of financial planning
Expected Duration
4:00 Hours
Objectives:
Budgeting and Financial Management: Controlling Financial Performance
To demonstrate how a budgeting system is an essential tool to the monitoring and control of an organization's performance
To differentiate between fixed and flexible budgets, and to explain how to prepare a flexible budget to monitor a company's performance
To prepare a performance report, and to use variances within a fixed budget to monitor performance within your company
To use variances within a flexible budget to monitor the performance of your company
Course Number: KBD24SE