Description
This course will provide the student with the underlying principle and concepts around Budgeting, Planning and Control. Actual data vs. budgeted data produces variances that will be analyzed for future decision making and forecasting. This data is also important for risk management and to control its activities, amend plans and review corporate strategies.
Type Subject
Tercer - Obligatoria
Semester
First
Course
3
Credits
4.00

Titular Professors

Previous Knowledge
Objectives

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.

Contents

Introduction/ Personal, Master, Sales, Cash and Capital Expenses Budget/ Forecasting/ Production, Material and Logistic Budget/ Selling and Administrative Expenses Budget/ Service Business general budget exercise/ Budget Income Statement/ Budget and Balance Sheet/ Report and Control.

Methodology

The course is oriented towards individual and group learning, including collaborative learning.

The students are expected to create, prepare and fill in data.

Review of Budgets´ charts and tables to further on analyze them and drive conclusions.

Conceptual class discussions.

Collaborative learning includes learning by reading, teaching, helping others and practicing.

Assignments to work at home or in class individually or as team work.

Field work.

Evaluation

The Course grade will be based on the following points:

Attendance 10%

Real business Team work & presentation 15%

Assignments, Quizzes, Participation, Attendance 20%

Mid-term exam 25%

Final examination 30%

Evaluation Criteria
Basic Bibliography

Shim, K. Jae, BUDGETING BASICS & BEYOND, 3rd Edition.

Additional Material