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.
Upon completion of the course, the student will also understand the elements in capital investment decisions. The student will know the project and time dimensions of capital budgeting. Moreover, the student will be familiar with the most common methods proposed for capital projects and investment programmes.
Contents
Traditional budgeting; Alternative approaches; Beyond budgeting; Capital budgeting
Further information on prerequisites and recommendations
Recommended: Knowledge of business and accounting, Sufficient English language skills
Teaching language
English
Modes of study
Option
1
Available for:
Degree Programme Students
Other Students
Open University Students
Doctoral Students
Exchange Students
Participation in course work
In
English
Evaluation
and evaluation criteria
Numeric 1-5.
Evaluation is based on exercises and essay. Exercises include case studies on budgeting and capital budgeting.