COMMERCE, MANAGEMENT & ADMINISTRATION
Qualification / Course Information
Self-study within 2 weeks. Minimum focused learning time required: approximately 24 hours.
Certificate of Completion
Successful completion of this short course can be included to your portfolio of evidence for RPL consideration
Unassisted Online Learning
Budgeting is undoubtedly one of the most important concepts in financial management. Discover the purpose
of budgeting in the business environment and learn how to prepare a range of different budgets. This Online Short Learning Programme is ideal for business managers, leaders, entrepreneurs, entry-level finance or accounting professionals, prospective project administrators and project managers looking for an introductory overview to budgeting.
A desktop / laptop computer (this product is not mobile-friendly)
A reliable internet connection with continuous access and a minimum speed of 4MB (this product is not available offline)
There are no entry requirements for this Online Short Learning Programme.
However, it is recommended that the applicant has achieved English language competence at a level that is equivalent to Grade 12.
At the end of this Online Short Learning Programme, you should be able to:
Explain the purpose of budgeting
Discuss the budgeting process
Outline the steps involved in the budgeting process
Distinguish between fixed and flexible budgets
Define and prepare the following budgets: master budget; sales budget; production budget; selling and administrative expense budget; budgeted statement of comprehensive income; budgeted statement of financial position; and cash budget
Define zero-based budgeting
Discuss the advantages and disadvantages of zero- based budgeting