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.