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