Professors
The objective of this course is to familiarize the students with the budgeting, planning and the control process.
They will be able to understand the parameters that need to be known and evaluated to prepare a budget, whether it is a personal one, a small business one, or a multinational company one.
Their knowledge of accounting will be put to use in the preparation of budgets and projections, but new strategic planning and risk control concepts will be introduced.
Introduction to the Course & Budgeting Basics
Personal Budget
Master Budget
Forecasting and Sales Budgeting
COGS- Operational Budgeting
Selling, General & Administrative Budgeting
Cash Flow, CAPEX and Balance Sheet Budget
Budget Control and Analysis
The learning experience is based on a range of teaching methods that seek to foster your understanding of the operations management function as well as a hands-on approach
The course will consist of a combination of PPT lectures, assignments, individual reading, simulations, team work activities, individual & group presentations, role play games and analytic exercises.
We will also draw on a vast array of multimedia sources such as videos, podcasts and blogs to supplement written. Lectures will be based on PPT and -home reading.
Guest Speakers- 1 or 2 guests will also join to enhance learning of selected OM topics.
The Course grade will be based on the following points:
Real business Team project & presentation 20%
Mid Term exam 20%
Continuous Assessment (Assignments, Quizzes, Participation) 30%
Final examination 30%
Excellence in Financial Management- Course 2: Financial Planning and Forecasting. By M.H.Evans,
Shim, K. Jae, BUDGETING BASICS & BEYOND, 3rd Edition