Budget, Forecast and Budgeting; 

Course content:

Budget, Forecast and Budgeting,Budgeting process; Types of Budgets and their Interrelationship; Preparation of Functional Budgets; Cash Budget; Master Budget; Budgeted Income Statement; Budgeted Balance Sheet; Flexible Budget; Static Budget; Role of Budgeting in Service and Not-for-Profit Organizations; Zero-Base Budget; Behavioral Aspects of Budgeting. 

Learning objectives:

1. Able to define Budget, Forecast and Budgeting.

2. Able to identify Types of Budgets and their Interrelationship.

3. Able to understand and prepare Functional Budgets, Cash Budget, Master Budget, Budgeted Income Statement, Budgeted Balance Sheet, Flexible Budget and Static Budget.

Learning outcomes:

1. Able to define Budget, Forecast and Budgeting.

2. Able to identify Types of Budgets and their Interrelationship.

3. Able to understand and prepare Functional Budgets, Cash Budget, Master Budget, Budgeted Income Statement, Budgeted Balance Sheet, Flexible Budget and Static Budget.