Real World Budgeting
Budgeting is a standard tool in most businesses, but - without care - it can have unexpected consequences and even lead to dysfunctional behaviour. This course explores the challenges of budgeting in the real world, exploring different methods of gaining a deeper insight into the pros and cons of the process.
Real World Budgeting
This course will enable you to
- Explain why organisations budget and what the process is meant to achieve.
- Choose the right process for setting budgets in your organisation.
- Develop a pragmatic approach to making traditional budgeting work in the real world.
- Decide how and whether to adopt non-traditional approaches, such as zero-based budgeting and activity-based budgeting.
About the course
Budgeting is a standard tool in most businesses, but done without thought, it can have unexpected consequences and lead to dysfunctional behaviour.
This course looks at some standard approaches to budgeting and the problems you might experience when preparing a budget in the real world.
As you consider the pros and cons of the conventional budgeting process, and some key traditional and non-traditional approaches, you will start to understand how budgets can be a bad guide to future performance and may act as a constraint rather than an incentive.
Look inside
Contents
How it works
Author
John Taylor
John is a Chartered Accountant who has spent many years advising small and medium-sized businesses across the North of England. John is the author of two industry standard textbooks: Millichamp - Auditing and Forensic Accounting. He has also written several auditing textbooks for AAT courses.
