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Context and Purpose of Budgeting

This course is available for purchase and immediate online delivery.

Explains why an organisation needs to plan and examines the three tiered decision-making process which enables an organisation to achieve its stated mission. The purpose of budgeting within the overall planning process is explained, the two main types of budget are described, and the differences between strategic planning and budgeting are identified.

Curriculum	Introduction to Budgeting
Duration	1 hour
Audience	Managers, prospective managers, and anyone else within an organisation involved in making business decisions.
Prerequisites	None
Course Aim	To give the learner an understanding of the context in which budgeting occurs and the types of budget that can be used.
Learning Objectives	After taking this course, the student will be able to: Explain why an organisation needs to plan Define the three tiered decision-making process which enables an organisation to achieve its stated mission Differentiate between strategic planning and budgeting Outline the purpose of budgeting within the overall planning process Describe the two main types of budget State what is meant by an external driver and give examples Identify the three areas which need to be considered when undertaking a strategic analysis of the organisation
Topics Covered	Budgeting in context Characteristic of budgeting External drivers of change Strategic analysis
Languages Available	US English, UK English, French
Publisher	Intellexis
Delivery Method	Online, CD
Course Code	IXUS020