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PLANING AND BUDGETING APPLICATIONS

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Content

Weeks Topics
1. Weeks Definition and importance of planning and budgeting, Types of planning in business: Strategic, tactical and operational planning, Basic steps of the budgeting process
2. Weeks Basic elements of strategic planning, SWOT analysis and determination of strategic goals, The effect of mission, vision and values on planning
3. Weeks Importance and steps of operational planning, Resource planning and capacity management, Short and medium term operational goals
4. Weeks Stages of the budgeting process, Types of budgets: Sales, production, cash flow, investment budgets, Difficulties encountered in the budgeting process
5. Weeks Sales forecasting methods, Preparation of revenue budgets, Market analysis and sales strategies, Preparation of production budgets, Cost budgets and cost control, Standard costing and deviation analysis
6. Weeks Importance and preparation of cash flow budgets, Cash management and liquidity planning, Cash flow projections
7. Weeks MIDTERM EXAM
8. Weeks Preparation of investment budgets. Capital budgeting techniques: Net present value, Internal profitability, Payback Period, Risk analysis and investment decisions
9. Weeks The relationship between financial planning and budgeting, Financial ratios and budget performance analysis, Financial risk management
10. Weeks Measuring budget performance, Deviation analysis and corrective measures, Performance indicators and reporting
11. Weeks Flexible budgeting techniques, Scenario analysis and stress tests, Budgeting under uncertainty,
12. Weeks Strategic budgeting process, Long-term financial planning, Enterprise resource planning and budgeting
13. Weeks Sustainability goals and budgeting, Environmental, social and governance factors, Sustainable financial planning and digitalization
14. Weeks FINAL EXAM
  • Description
  • Content
  • Learning Outcomes
  • Learning Activities and Teaching Methods
  • Course's Contribution to Prog.
  • Assessment Methods
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