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You are here: E-learning / Course Library Module / Economic Control and Budgeting - overview

Economic Control and Budgeting - overview

Planning and organizing resources

It is important to use the company's resources as efficiently as possible to satisfy customer needs. A budget is a plan of action for the future that is expressed in financial terms.

This course gives you, who work with production, an introduction to the subject business budgeting and the connection between economy, production and logistics.

Objectives: The purpose of the course is to provide insights into activities of budgeting which is an important part of the economic control in the use of the company's resources.

Level: Basic, you need no prior knowledge.

Training Method: Economic Control and Budgeting - overview is a Module course and is studied over the internet via our e-learning platform Instant education. Read more about the training method here.

Course Length:Approximately 5 hours active study time.

Price: 70 EURO / student
78 USD / student

Prices excluding VAT.
For large-scale education projects request quotation.

Online price:

55 EURO / student
61 USD / student

Prices excluding VAT.

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Course contents:

Basic Financial Concepts
In order to understand how a company’s resources can be used in the best possible manner, we must learn how to use a number of financial concepts.

Results and Profitability
How to measure profitability.

Use of Capital
The amount of capital needed by a company may vary, as does the manner in which the capital is used.

Financial Analysis
Introductory description of the methodology for performing a financial analysis.

The DuPont Model
A model to analyze where there is greatest potential for improvement within a company.

Interactive DuPont Model
Interactive Du Pont model used to calculate profitability.

Financial Control
How to achieve organized control over the company’s decision-making and actions.

The budget as a plan of action for the future expressed in financial terms.

Budgeting Phases
Description of the work behind a budget.

Drawing up Budgets
Description of the budget design using master budgets and sectional budgets.

Budget Review
How to check the actual outcome compared to the budget.

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