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In this introductory course we explore the budgets and schedules that make up a master budget for either a manufacturing or merchandising company.

Course Key Concepts: Introductory managerial accounting, Budgeting, Planning, Budgeted Income Statement, Budgeted Cash Flows, Budgeted Balance Sheet, Master budget.


NOTE: A downloadable file ‘Chapter 4.epub’ is available for this course. To access that file, please click here to download the file and use the appropriate player like (apple books or adobe digital editions) to run the file correctly.

Other Modules of Introductory Managerial Accounting by Erik Slayter.
1. Introductory Managerial Accounting - Classifying Costs
2. Introductory Managerial Accounting - Job Costing
3. Introductory Managerial Accounting - Cost, Volume-Profit Analysis
4. Introductory Managerial Accounting - Budgeting
5. Introductory Managerial Accounting - Variance Analysis
6. Introductory Managerial Accounting - Capital Budgeting

Learning Objectives

  • Describe and determine budgets to prepare.
  • Explore and develop strategy for budget calculations.
  • Identify and understand interconnectivity of budgets and schedules.
  • Explore and calculate and prepare budgets.
Last updated/reviewed: September 07, 2022

Prerequisites

Course Complexity: Foundational
Basic understanding of financial statements (Introductory Financial Accounting) and the Introductory Managerial Accounting - Cost, Volume, Profit
course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  10:12Introduction to Budgeting
  9:31Budgeting Example 1
  18:28Budgeting Example 1 Cont'd
  13:20Budgeting Example 2
  11:40Budgeting Example 2 Cont'd
  13:49Sales, Production and Direct Materials Purchase Budget
  10:58Cost of Goods Sold and Direct Labor Cost Budget
CONTINUOUS PLAY
  1:27:57Introductory Managerial Accounting - Budgeting
SUPPORTING MATERIAL
  PDFHandouts: Introductory Managerial Accounting - Budgeting
  PDFPractice: Introductory Managerial Accounting - Budgeting
REVIEW AND TEST
  quizREVIEW QUESIONS
 examFINAL EXAM