The Fundamentals of Budgeting training offered at Blue Ocean helps professionals get insights on various aspects of budgeting. Individuals and professionals in various business roles are highly recommended to understand the principles and practices of budgeting as it helps them enhance their financial knowledge. This course is especially valuable for those involved in financial management, accounting, or anyone responsible for budget preparation and monitoring.

Course Objective

  • Get a comprehensive understanding of budgeting concepts.
  • Know how to create, manage, and monitor budgets effectively.
  • Gain the skills necessary to analyze variances and make informed financial decisions.
  • Learn how budgets are used for performance measurement and control.
  • Understand various approaches to budgeting

Course Outline

  • Module 1: Overview of Budgeting
  • Module 2: Differentiating Budgeting and Forecasting
  • Module 3: Various Budget Approaches
  • Module 4: Role of Budgeting in Financial Planning and Decision-Making
  • Module 5: Budget Components