Budgeting and Planning

Catalog description

This course will provide an understanding of the budgeting process. Students will create a master budget and Pro Forma financial statements. Students will perform Horizontal and Vertical Analyses of these statements, interpret results, and determine master budget variances. This course will include budget set-up and forecasting, and instruction in using budgeted financial statements to plan for analysis. Students will also develop flexible budgets and determine which variances require investigation using management by exception. The importance of budgeting as a planning and decision-making tool will also be stressed in this course. Offered: F, Sp, Su.