Budgeting essentials and development

Fundação Instituto de Administração

About this Course

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The Budgeting Essentials and Development course focus on an integrative and practical view of concepts, methods, and techniques to develop a budget.
After finishing this course, learners will be able to:
- Develop the budget with a broad view of the corporate functions;
- Integrate the strategic guidelines into the discussions of budgeting process;
- Structure the budget planning and development in a logical sequence
- Coordinate the project of budget planning with the different areas of the company
- Actively promote assumptions discussions to improve the process of developing the budget
- Apply financial concepts to support the budget planning process
- Design a budget monitoring and control model to support the performance management
- Evaluate the performance of the company by managing the results and the budget

In this course, learners will have a deeper understanding of the budgeting process, its challenges, common issues, and approaches to mitigate the problems and improve the learning curve of budget planning.
It is integrative by emphasizing the transition between the corporate strategy and the budget. It is practical by following a structured process of going through a framework that illustrates and demonstrates how to analyze, develop and control the budget.

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Flexible deadlines

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Intermediate Level

Approx. 27 hours to complete

Suggested: 7 weeks of study, 3 - 5 hours/week...

English

Subtitles: English, Arabic

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 27 hours to complete

Suggested: 7 weeks of study, 3 - 5 hours/week...

English

Subtitles: English, Arabic

Syllabus - What you will learn from this course

Week

Week 1

2 hours to complete

Module 1: Strategy & Budgeting - Planning & Controlling

As the budgeting process needs strategic guidelines, and these guidelines drive the planning process, corporate managers develop the budget plan accordingly to the strategic guidelines.The budget contributes to the roll-out of programs, projects, and actions to implement in the organization. These programs and projects are planned in the budget development process. In this module of the course, the discussions aim to overview the transition between strategy to the budget planning process.

2 hours to complete

7 videos (Total 30 min), 3 readings, 4 quizzes

7 videos

Welcome session and course overview2m

Video 1 - The planning cycle4m

Video 1 - The management responsibilities5m

Video 1 - Benefits and Limitations4m

Video 1 - The connections with the budget5m

Video 1 - A transition through planning and controlling3m

Video 2 - Positioning the company between planning and controlling4m

3 readings

Full course overview10m

Benefits and Limitations10m

Readings of - The trade-off between “more planning” versus “more control”10m

4 practice exercises

Practice quiz: Strategy analysis and the budget.10m

Test your improvement through this quiz6m

Check your improvement on the topics by doing this quiz15m

From strategy to the budget30m

Week

Week 2

2 hours to complete

MODULE 2 - Corporate budgeting

The corporate budgeting process begins with the strategic guidelines, goes through the discussions of what may be the influence of the guidelines on the assumptions, and culminate in supporting the budget planning process. In this module, the discussions are about the aspects related to this process. Learning objectives include understanding the link between corporate budgeting and the business unit budgeting process; aligning strategic guidelines with planning guidelines, and assessing the connections of the corporate budget to the business level budget.

2 hours to complete

9 videos (Total 48 min), 7 readings, 5 quizzes

9 videos

Video 1 - Strategy and the budget at corporate level7m

Video 2 - Strategy and the budget at business level5m

Video 1 - The governance and the budget3m

Video 2 - Governance and the budget: Practical aspects3m

Video 1 - Executive commitment4m

Video 2 - Objectives, communications, expectations and opportunities6m

Video 1 - A general overview4m

Video 2 - Starting the budget development6m

Video 1 - Information system and the budget7m

7 readings

Reading - Corporate budgeting overview8m

Reading - Corporate budgeting - The link between strategy and the budget6m

Readings: Governance and the budgeting process4m

Readings: Budget planning guidelines8m

Readings: Overview on budget development framework3m

Readings: Overview on budget development framework - Part 23m

Readings - The management information system and the budget6m

5 practice exercises

Take this quiz to test your improvement10m

Take this quis to test your improvement6m

Take this quiz to test your improvement10m

Test your improvement through this quiz5m

Corporate budgeting30m

Week

Week 3

5 hours to complete

Module 3.1 - The company operations and the Budget

In this module, the discussion goes through a step-by-step framework to support the budget development.

5 hours to complete

18 videos (Total 86 min), 18 readings, 4 quizzes

18 videos

Video 1 - A framework to structure budgeting - The revenue budget2m

Video 2 - Structuring revenue by product lines4m

Video 3 - Structuring revenue by contracts and territories3m

Video 4 - Forecasting revenue3m

Video 5 - Major issues on revenue forecasting5m

Video 1 - The ending inventory budget3m

Video 2 - Production budget5m

Video 3 - Direct materials budget5m

Video 4 - Direct materials: Combining Methods4m

Video 1 - The direct labor budget5m

Video 2 - The manufacturing overhead budget5m

Video 1 - Cost of goods sold5m

Video 1 - Introduction to marketing and sales budget5m

Video 2 - Structuring marketing and sales budget4m

Video 3 - Analysis on marketing and sales6m

Video 4 - Advertising6m

Video 5 - Issues on marketing and sales budget5m

Video 6 - Performance management4m

18 readings

A framework to structure budgeting - The revenue budget6m

Structuring revenue by product lines5m

Structuring revenue by contracts and territories6m

Forecasting revenue7m

Major issues on revenue forecasting5m

The ending inventory budget5m

The production budget6m

Direct materials I6m

Direct materials II6m

The direct labor budget7m

Manufacturing overhead8m

The cost of goods sold10m

Introduction to marketing and sales budget7m

Structuring marketing and sales budget10m

Analysis on marketing and sales budget7m

Advertising8m

Issues on marketing and sales budget8m

Performance management12m

4 practice exercises

Budget development framework8m

The company operations and the Budget.10m

Direct Labor and Manufacturing Overhead10m

Test your improvement by doing this quiz30m

Week

Week 4

4 hours to complete

Module 3.2 - The company operations and the Budget

In this module, the discussion goes through a step-by-step framework to support the budget development.

4 hours to complete

12 videos (Total 64 min), 11 readings, 3 quizzes

12 videos

Video 1 - Introduction to R&D budgeting3m

Video 2 - R&D funding5m

Video 3 - Structuring and controlling R&D6m

Video 1 - Administration Budget and connections with other budgets5m

Video 2 - Structuring administration budget and major issues6m

Video 1 - Capital Budget: Scope overview5m

Video 2 - Capital Budget: Additional analyses5m

Video 3 - Outsourcing and leasing as alternatives3m

Video 1 - Putting the budgets together: The Master Budget3m

Video 2 - Balance Sheet components6m

Video 3 - Cash behavior and financial needs6m

Video 4 - Supporting balance sheet analysis5m

11 readings

Introduction to R&D budgeting6m

R&D funding8m

Structuring and controlling R&D budget14m

Administration Budget12m

Capital Budget - Scope overview9m

Capital Budget - Additional analyses9m

Outsourcing and leasing as alternatives8m

Putting the budgets together - The Master Budget8m

Balance Sheet components11m

Cash behavior and financial needs11m

Supporting balance sheet analysis11m

3 practice exercises

Test your learning improvement on R&D budget analysis through this quiz10m

Assessment: R&D and Administration budget14m

For testing your improvement, do this quiz on capital budget and the master budget30m

Week

Week 5

3 hours to complete

MODULE 4 - Financial and reporting model

In this module, we will develop an understanding of how to consolidate the reporting model on the budget, through a financial approach with emphasis on a budget perspective. To build this knowledge, we will walk through a conceptual overview and components, visit an overall managerial view of profits and losses, work on the cash budget and forecasting cash-flow concepts and application. We also discuss the accounting reports and the relevance of the financial and non-financial indicators.

3 hours to complete

8 videos (Total 83 min), 4 readings, 4 quizzes

8 videos

Video 1 - Budget monitoring and financial report10m

Video 2 - Financing the company - Strategy, budget and financial report7m

Video 1 - Financial management and working capital12m

Video 2 - The relevance of working capital and cash12m

Video 1 - A budget perspective on financial reports8m

Video 2 - Financial statements - Cash is king8m

Video 1 - Measuring performance: Indicators8m

Video 2 - Financial performance management14m

4 readings

Conceptual overview and components20m

Managerial view of cash and the budget20m

Financial statements and the budget10m

Financial and non-financial indicators10m

4 practice exercises

: Check your improvement on the topics by doing this quiz8m

Test your improvement through this quiz8m

Test your improvement through this quiz10m

Financial and non-financial indicators30m

Week

Week 6

3 hours to complete

MODULE 5 - Budget control

This module focuses on the “control” side of the budget. We understand how to apply concepts, and will be guided on how to monitor and measure results, analyze and evaluate the potential gaps between actual and estimated outcomes.

3 hours to complete

9 videos (Total 41 min), 4 readings, 5 quizzes

9 videos

Video 1 - Why Plan, Budget vs Actual Results and Introduction to Variance2m

Video 2 - Variance4m

Video 3 - The Connection of Budget and Strategy2m

Video 1 - Standards, Objectives & Budgets used to measure performance2m

Video 2 - Internal Control4m

Video 1 - Results Analysis4m

Video 2 - Goals achievement and performance management7m

Video 1 - Strategic Planning Process and the Budget – Part 16m

Video 2 - Strategic Planning Process and the Budget – Part 26m

4 readings

Why Plan, Budget vs Actual Results, Variance and The Connection between Budget and Strategy11m

Standards, Objectives, and Budgets used to measure performance & Internal Control10m

Results Analysis, Goals Achievement and Performance Management10m

Strategic Planning Process and the Budget15m

5 practice exercises

Overview on control function12m

Concepts on controlling the budget12m

Results analysis and performance management16m

Why monitor and control: Strategy and the Budget16m

For an overall retrospective of the Budgeting Essentials and Development course, test your learning improvement by doing this QUIZ30m

Week

Week 7

3 hours to complete

MODULE 6 - Planning Process – Approaches and evolution

Approaches and evolution: In this module, you will learn by reflecting about the different approaches to planning processes. We will walk with you through the aspects of efficiency and efficacy, connecting with budgeting. We will also debate traditional versus some trended methodological approaches, their benefits, and limitations. This Module closes our Course.

3 hours to complete

10 videos (Total 42 min), 8 readings, 4 quizzes

10 videos

Video 1 - The planning process and approaches5m

Video 1 - Traditional budget planning6m

Video 2 - Processes of planning and the traditional approach4m

Video 1 - Traditional budgeting - The limitations6m

Video 1 - Introduction overview on beyond budgeting45s

Video 2 - Flexible and Bracket Budgeting3m

Video 3 - Zero-Based-Budgeting4m

Video 4 - Rolling Forecast3m

Video 5 - Activity-Based Budgeting3m

Video 1 - Course wrap-up session2m

8 readings

The planning process and approaches5m

Traditional budget planning5m

Processes of planning and the traditional approach5m

The traditional budget planning and its limitations5m

Flexible and Bracket Budgeting5m

Zero-Based Budgeting (ZBB)10m

Rolling Forecast5m

Activity-Based Budgeting6m

4 practice exercises

Test your learning improvement on planning approaches by doing this quiz6m

Test your learning improvement on planning approaches by doing this quiz8m

Test your learning improvement on limitations of traditional planning approaches, by doing this quiz6m

Testing your knowledge on the budget planning and the new approaches to budgeting50m

Instructors

About Fundação Instituto de Administração

A FIA está entre as 3 melhores escolas de negócios do país e no grupo das 55 melhores do mundo, no ranking do Financial Times. Trabalhamos ininterruptamente na geração de conhecimento aplicado e de novas práticas de excelência na Administração. Atuando nas áreas da Consultoria, Educação Executiva e Pesquisa, em 2016, a FIA foi reconhecida/premiada como a melhor instituição com soluções voltadas a Educação Executiva, pela conceituada revista The New Economy....

Frequently Asked Questions

When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
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Is financial aid available?

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Budgeting essentials and development