Essentials – Understanding Budgeting and Finance – Budgeting Basics


Duration: 4 hrs

What you’ll learn

  •  Have a clear idea of what a budget is and what it isn’t
  • Understand how an organisation’s financial plans affect department’s budgets 
  • Know what happens at each stage of the budgeting process
  • Be familiar with the accounting conventions necessary for effective budgeting 


At work, as managers, we’re all involved in the budgeting process in some way or another. But few of us understand why budgeting is so important. Before you begin budgeting yourself, you need to grasp some key concepts. This course explores some basic questions about budgeting: What is a budget? Why are budgets necessary? What’s involved at each stage of the budgeting process?

Created By: Jenison