Budget planning is the act of creating and maintaining a budget, then using it to make strategic business decisions and guide organizational changes across various departments. With correct budgetary planning, company stakeholders can have a more substantial idea of the organization’s financial standing and current and future financial needs.
In this course, you’ll learn to identify the characteristics of an effective budget, the stages in planning one, and how to distinguish between budgets types. You’ll also explore budgeting concepts and techniques such as historical and zero-based budgeting, variance analysis, capital budgeting, and performing budgeting calculations.
Learning Objectives