Context and Purpose of Budgeting Producer : Intellexis plc Price : £34.50
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Duration : Approx. 2 hours.
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Overview :
Context and Purpose of Budgeting explains why an organization needs to plan and examines the three tiered decision-making process which enables an organization to achieve its stated mission. In addition, the purpose of budgeting within the overall planning process is explained, the two main types of budget are described, and the differences between strategic planning and budgeting are identified.
Context and Purpose of Budgeting is aimed at managers, prospective managers, and anyone else within an organisation involved in making business decisions.
There are no prerequisites to this title.
This module is also available as part of the Introduction to Budgeting course.
The recommended settings to run this course are:
- Minimum Internet Explorer 6/Netscape Navigator 7
- Flash enabled – Minimum V6
- Popup windows enabled
- Minimum Windows 2000 Operating System
- Authorware may also need to be installed for some courses
Learn To :
Context and Purpose of Budgeting aims to give the learner an understanding of the context in which budgeting occurs and the types of budget that can be used.
The topics covered by Context and Purpose of Budgeting include:-
- Objectives and Overview
- Budgeting in context
- Characteristics of budgeting
- External drivers of change
- Strategic analysis
Objectives :
After taking Context and Purpose of Budgeting, the student will be able to:
- Explain why an organization needs to plan
- Define the three tiered decision-making process which enables an organization to achieve its stated mission
- Differentiate between strategic planning and budgeting
- Outline the purpose of budgeting within the overall planning process
- Describe the two main types of budget
- State what is meant by an external driver and give examples
- Identify the three areas which need to be considered when undertaking a strategic analysis of the organization
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