Learning outcomes

Upon completion of the course, the student will understand the key elements of traditional budgeting and general process of development and use of budgets. The student will also be able to prepare a simplified master budget comprising of its supporting budgets. Apart from traditional budgeting the student will be acquainted with the alternative approaches in developing and using budgets and also with the idea of beyond budgeting.

Contents

Contents: Traditional budgeting; Alternative approaches; Beyond budgeting

Further information on prerequisites and recommendations

Recommended: Knowledge of business and accounting, Sufficient English language skills.

Teaching language

English

Evaluation and evaluation criteria

Numeric 1-5.
Evaluation is based on exercises. Exercises include case studies on budgeting.

Study materials

Anandarajah - Aseervatham - Reid: Manage Budgets and Financial Plans. Pearson Education Australia, 2009.

Bhimani - Horngren - Datar - Rajan: Ma­nagement and Cost Accounting. Prentice Hall, 2012.

Articles and other materials delivered at the course web page.

Materials will be specified during the course.

Belongs to following study modules