ACCT- PRACTICAL BUDGETING SKILLS
PRACTICAL BUDGETING SKILLS

Course Overview
The budget process in any business can be challenging and time-consuming. However, for a business to survive long-term, it must have a clear view of its goals and its means of achieving those goals. A well-planned budget is a tool to help steer the company in the right direction—enabling the company to make critical decisions based on current facts and reasonable forecasts. In this course, students will learn the key components of an operating budget and be able to create a budget that can be managed and controlled.
Expected Outcomes:
         • Identify examples of the key components of an operating budget
         • Calculate the break-even revenue point for a hypothetical company
         • Identify the importance of proper asset management
         • Recognize the value of being able to analyze a company's cash flow
         • Use the cash flow pro forma approach to determine if a given company has a projected cash shortage or surplus
         • Recognize the importance of maintaining budgetary and expenditure control

Textbook(s) The following textbooks will be used in the course. Most textbooks may be accessed via the e-Reference Library at no charge to students for online access. Others are accessed via a direct link to the web site in the reading assignment. You have the option to purchase the books within the e-Reference Library however it is not a requirement:

Budgeting Basics and Beyond 4th Edition by Jae K. Shim, Joel G. Siegel and Allison I. Shim ISBN:9781118096277 John Wiley & Sons © 2012