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: March 12, 2024
4 Reviews (22 ratings)

Reviews

5
Member's Profile
Good course on thinking through the steps to create each part of the budget. I liked the consistent use of T-accounts that translate into equations that form the logical order of the budget calculations.
5
Anonymous Author
Great examples-I still use some of the formulas he covered to this day when explaining to clients why inventory counts don't make sense. OVerall a good summary,
5
Anonymous Author
Great budgeting exercise. If only the data were this readily available in real life:)
4
Anonymous Author
A reasonably good course with informative material well-suited for the purpose.
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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Budgeting10:12
  Budgeting Example 19:31
  Budgeting Example 1 Cont'd18:28
  Budgeting Example 213:20
  Budgeting Example 2 Cont'd11:40
  Sales, Production and Direct Materials Purchase Budget13:49
  Cost of Goods Sold and Direct Labor Cost Budget10:58
CONTINUOUS PLAY
  Introductory Managerial Accounting - Budgeting1:27:57
SUPPORTING MATERIAL
  Handouts: Introductory Managerial Accounting - BudgetingPDF
  Practice: Introductory Managerial Accounting - BudgetingPDF
REVIEW AND TEST
  REVIEW QUESIONSquiz
 FINAL EXAMexam