Understanding and Managing Budgets (MindEdge)

A budget is a detail of expenses and incomes for a set period of time. This introductory-level course covers budgets and how they are used in organizational settings including the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn about the budgeting process, and how organizations are using different budgeting techniques to overcome operating challenges.

Topics covered are:

•  Identify the components and calculations used to create a master budget and recognize uses for this information
•  Identify the components and purpose of an operating budget
•  Identify ways the budget process can be managed for optimal results and recognize the benefits and limitations of the management-by-objective system
•  Recognize how sales

This course includes:

• Approximately 3 hours of video lessons.
• A quiz with multiple-choice questions to check your understanding.