Understanding and Managing Budgets
Learn the creation and use of various organizational budgets while exploring different budgeting techniques to address operational challenges.
Classes Start Available Anytime
Course Overview
A budget outlines the details of expenses and income over a specific time period. This introductory course delves into the use of budgets within organizational contexts, exploring the purposes and functions of master budgets, operating budgets, sales budgets, production budgets, cost of goods sold budgets, and cash budgets. Additionally, you will learn about the budgeting process and how organizations employ various budgeting techniques to address operational challenges.
Course Format
This self-paced course offers a dynamic and engaging learning experience, combining interactive elements such as games, flashcards, video content, real-world case studies, and curated readings. Participants have the flexibility to progress at their own pace, while interactive games and quizzes reinforce key concepts and track progress. Flashcards, expert-led videos, real-world case studies, and carefully curated readings deepen knowledge.
Price
$225Course Details
Units 0.3 CEUs / 3 PDUs
Location Online Courses
Course Type Self-Paced
What You’ll Learn
After successful completion of this course, you will be able to:
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Understand the uses and functions of budgeting.
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Identify key activities, considerations, and benefits of strategic organizational planning.
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Comprehend the purpose and structure of a master budget.
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Identify the components and calculations involved in creating a master budget and their uses.
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Understand the components and purpose of an operating budget.
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Learn how sales, production, and cost of goods sold budgets are created and perform related calculations.
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Understand the purpose of cash budgets and how they are prepared.
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Identify methods for managing the budget process for optimal results and recognize the benefits and limitations of the management-by-objective system.
Your Instructor
Associate Dean for Graduate Student Development
John Becker-Blease joined the College of Business in the summer of 2009. He teaches courses in corporate finance and financial institutions at both the graduate and undergraduate levels.
His research interests include examining the drivers of corporate innovation, the value associated with increases in visibility, and gender equality in business.
His research has been featured in many local, regional, and national media outlets including Business Week, Forbes, The Oregonian, U.S. News & World Report, NPR, ABC News, MSNBC, The Wall Street Journal, and the Washington Post. In 2011.
He was awarded the Aspen Institute’s prestigious Faculty Pioneer Award as a “Rising Star” for his scholarly and teaching efforts in corporate social responsibility and curriculum reform