Capital Budgeting

This module will teach you how to budget and forecast. This course is intended to familiarize people with the process of budgeting and forecasting as well as to train them for it. Budgeting is vital in all companies, so this can help them succeed in their careers. This course will cover the basics of capital budgeting, such as how to determine Net Present Values and which methodology should be used in project evaluations, as each strategy has its own set of advantages and disadvantages. Any business must manage its finances and keep track of its earnings. To put it another way, before starting a project, its financial feasibility should be measured. This course will help you in this endeavor. If budgeting is done properly, it has a range of benefits. Understanding and contributing to the budgeting process will make you a more valuable employee or company owner. Budgeting encourages collaboration, communication, and quality growth. This course will explain capital budgeting fundamentals, including how to measure Net Present Values as well as which approach should be used in project assessments, as each method has its own set of drawbacks and benefits.

Skills You Will Master:

• Concept of Budgeting & Forecasting – In this section we will see the process of assessing and setting out an organization’s short- and long-term financial targets is generally broken down into three steps: planning, budgeting, and forecasting.
• Budget & Financial Statements – In this section we will learn how the primary aim of financial statements is to present existing, accurate, and reliable data. They base their details on real data rather than what the organization wishes it to be.
• Overhead Allocation – In this section we will see the apportionment of indirect costs to manufactured goods which is known as overhead allocation. All costs borne by a plant other than direct costs are referred to as manufacturing overhead. You’ll also discover how to assign production overhead costs to any inventory products known as work-in-process or finished goods.
• Classification of Cost – In this section we will learn the division of a category of expenditures into various groups which is known as cost classification.
• Budget Monitoring & Control – In this topic we will learn the process of monitoring income and expenditure and taking correct action.
• Allocating Indirect Cost – In this section we will see indirect costs are expenditures that are shared across many systems and are not specifically related to the running of a single program.