Udemy

Platform

English

Language

Finance

Category

Financial Budgeting & Forecasting for Business

Learn Budgeting and Forecasting, Principles and Concept of Costing, Direct Cost and Indirect Cost, Overhead Allocation

3.50 (5 reviews)

Students

5.5 hours

Content

May 2021

Last Update
Regular Price


What you will learn

Principles and Concept of Costing - In this section we will see principles and concept of costing which states that assets, liabilities, and equity investments must be reported at their original cost on financial statements. The historical cost theory and the historical cost definition and the other terms for the cost principle.

Direct Cost and Indirect Cost - In this section we will learn direct costs are expenditures that are directly related to the manufacture of products or the provision of services, while indirect costs are general business expenses that keep the business going.

Overhead Allocation - In this section we will see the apportionment of indirect costs to manufactured goods which is known as overhead allocation. All costs borne by a plant other than direct costs are referred to as manufacturing overhead. You'll also discover how to assign production overhead costs to any inventory products known as work-in-process or finished goods.

Allocating Indirect Cost - In this section we will see indirect costs are expenditures that are shared across many systems and are not specifically related to the running of a single program.


Description

There’s a huge number of reasons. A lot of people have none or very little money saved up for emergencies, plus, the majority of them have substantial student loans and credit card debt. Nevertheless, a lot of issues could be prevented if these people knew how to budget. Any company must prepare its finances and track its profitability. To put it another way, the project's financial sustainability should be evaluated before it is launched. This course will assist you in doing so.

This course will teach you how to budget and forecast from the ground up. This course is designed to prepare people for budgeting and forecasting as well as familiarize them with the process. Budgeting plays an important role in all organizations, so this will support them in their career. When budgeting is performed right, it has a number of advantages. Understanding and contributing to the budgeting process will help you become a more valuable employee or a more effective business owner. Teamwork, coordination, and quality development are all helped by budgeting. After all, most of us are not at ease in the accounting world.

This course is suitable for motivated workers and business owners who want to increase their appreciation and make a more important contribution to the budgeting process. This course will explain capital budgeting fundamentals, including how to measure Net Present Values as well as which approach should be used in project assessments, as each method has its own set of drawbacks and benefits.


Screenshots

Financial Budgeting & Forecasting for Business
Financial Budgeting & Forecasting for Business
Financial Budgeting & Forecasting for Business
Financial Budgeting & Forecasting for Business

Content

Introduction

Introduction

Budgeting Environment

Budgeting Environment Part 1

Budgeting Environment Part 2

Budgeting Environment Part 3

Master Budget

Master Budget Part 1

Master Budget Part 2

Master Budget Part 3

Costing Concepts

Principles and Concept of Costing

Direct Cost and Indirect Cost

Overhead Allocation

ETC Cost Structure

Cost Structure of a Company Part 1

Cost Structure of a Company Part 2

Dividing the Cost

ETC Calculating

Calculating Indirect Cost

Allocating Indirect Cost

ETC Indirect Cost

Indirect Cost - Example 1

Indirect Cost - Example 2

Costing behavior

Aspects of Costing Behavior

Classification of Cost

ETC Fixed Variable Cost and Variable

Examples of Fixed Cost

Examples of Variable Cost

Fixed Variable Cost

Cost volume profit

Cost Volume Profit Model - Part 1

Cost Volume Profit Model - Part 2

ETC Structure

Case Structure 1

Case Structure 2

Forecasting

Concept of Budgeting & Forecasting

Top Down Approach

Cash and amortized view

Budget & Financial Statements

Budget and IS

Budget & Income Statement

Cost of Goods

Budget and BS

Budget & Balance Sheet

Inventory

Budget and CF

Cash Flow Statement

ETC Cost Objects

Cost Structure of Company

Cost Objects

Aspects of Costing Behavior

Theory Aspect of Costing

ETC Expenses

Total Expenses

Projected Expense Growth

Classification of Cost

Classification of Cost

ETC Balance Sheet Statement

Balance Sheet Statement

Growth of Liabilities

Examples of Fixed Cost

Direct and Indirect Cost

Monitoring

Budget Monitoring & Control

Mid Year Forecast

Zero Based Budgeting

Project Based Budget

Project Based Budget

Examples of Variable Cost

Production Schedule

Costing Schedule

Costing Schedule

Actual & Estimate Cost

Fixed Variable Cost

Fixed Variable Cost

Cost Volume Profit Model

Cost - Volume Profit Model

Operating Leverage

Start up

Budgeting in Dynamic Market

Behavioral

Behavioral & Ethical Aspects

Organizational Culture

Case Structure

Summary of Case Study

Conclusion

Conclusion


Coupons

DateDiscountStatus
5/23/2021100% OFFExpired

4068662

Udemy ID

5/22/2021

Course created date

5/23/2021

Course Indexed date
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