Master Budgets – Managerial Accounting/Cost Accounting

Course Overview

• Course Title: Master Budgets – Managerial Accounting/Cost Accounting
• Instructor: Robert (Bob) Steele
• Target Audience:
  • Business owners
  • Aspiring accountants
  • Finance professionals
  • Students
• Prerequisites:
  • Basic Accounting Knowledge
  • Managerial Accounting Foundations
  • Excel Proficiency
  • Numerical and Analytical Skills
  • Willingness to Learn

Curriculum Highlights

• Key Topics Covered:
  • Budget construction principles
  • Budget timing methods
  • Budget committee functions
  • Sales budget creation
  • Production budget development
  • Materials budget formulation
  • Direct labor budget construction
  • Factory overhead budget
  • General and administrative budget
  • Cash budget development
  • Budgeted cost of goods manufactured statement
  • Budgeted cost of goods sold statement
  • Budgeted income statement
  • Budgeted balance sheet
  • Master budget integration
  • Budget effectiveness evaluation
  • Critical thinking and problem-solving skills
• Key Skills Learned:
  • Define key concepts of budget construction
  • Evaluate budget timing methods
  • Analyze budget committee functions
  • Create sales, production, materials, direct labor, factory overhead, general and administrative, and cash budgets
  • Prepare budgeted cost of goods manufactured and sold statements
  • Compose budgeted income statement
  • Formulate budgeted balance sheet
  • Integrate master budget components
  • Evaluate budget effectiveness
  • Apply critical thinking and problem-solving skills

Course Format

• Duration: 24 hours on-demand video
• Format: Self-paced online course
• Resources:
  • 64 downloadable resources
  • Access on mobile and TV
  • Certificate of completion