Budgeting syllabus

Budgeting

• 1 Conceptual Foundation (3 LHs)

  • Budgeting and profit-planning concepts and purposes
  • Essentials and process of profit planning and control
  • Behavioral implications
  • Manufacturing and non-manufacturing applications
• 2 Planning and Control of Sales (4 LHs)

  • Sales planning purpose and factors
  • Sales budget versus forecast
  • Long- and short-range plans
  • Comprehensive sales plan components
  • Manufacturing and non-manufacturing sales planning
• 3 Production Planning and Control of Manufacturing Concern (4 LHs)

  • Production planning concept, areas and responsibility
  • Planning factors and production policies
  • Production budgets and inventory computation
• 4 Planning and Control of Materials Purchase & Usage (4 LHs)

  • Materials consumption and purchase budgets
  • Material control essentials and inventory policy
  • Performance reporting
• 5 Planning and Control of Non-Manufacturing Organization (4 LHs)

  • Merchandise budgeting
  • Inventory-level planning
  • Retail markups and cost multipliers
  • Open-to-buy planning
• 6 Planning and Control of Direct Labour (4 LHs)

  • Direct labor planning meaning and process
  • Standard labor hours
  • Direct labor cost budget and control
  • Performance reporting
• 7 Planning and Controlling Overhead Cost (6 LHs)

  • Cost types and behavior
  • Controllable versus non-controllable expenses
  • Cost reduction and control
  • Manufacturing, distribution and administrative expense planning
  • Overhead cost budget
• 8 Planning and Control of Cash (6 LHs)

  • Cash planning concept and objectives
  • Cash-budget development approaches
  • Methods to improve and control cash position
• 9 Completion of Profit Plan (8 LHs)

  • Planned cost of goods manufactured and sold
  • Cash collection and disbursement
  • Planned income statement and balance sheet
  • Zero-based budgeting concept and importance
• 10 Use of Cost Volume Profit Analysis in Profit Planning (5 LHs)

  • CVP concept and objectives
  • Break-even analysis assumptions and applications
  • Special CVP problems and economic characteristics
  • BEP for single and multiple products