Budgeting: Final Assessment

Hone your budgeting skills

Once you have completed the three courses on the Practical Guide to Budgeting ExpertTrack and mastered the theory of budgeting, you’ll gain the practical skills to take to your workplace or use in your personal life.

You’ll delve further into costing, forecasting, variances, and functional budgets and complete tests to cement your budgeting knowledge.

By the end of the course, you’ll have the skills to manage your finances, whether it’s for your organisation or personal finances.

Test your knowledge on costing and forecasting budgets

To help ensure you can correctly categorise costs in your business and effectively forecast, you’ll be guided through a catch up before taking a test to help put your knowledge into practice.

Develop your understanding of variances

Next, you’ll recap on what you have learned about variances and how to account for actual and budgeting income and expenditure.

You’ll take another test to solidify your understanding of variances.

Cement your knowledge of functional budgets

You’ll look again at functional budgets to recap the different functions within a business, including sales, labour, and overheads.

Taking a final test, you’ll ensure you know how to create a functional budget with ease.

By the end of this course, you will have put your budgeting knowledge into practice and honed the skills that you can start using in your personal or professional life.

This course is for anyone who has completed the three courses of the Practical Guide to Budgeting ExpertTrack.

It is aimed at anyone working within management accounting or financial accountants, those who wish to know more about finance, or new businesses wanting to explore budgeting.

• Final assessment
• Welcome
• Costing and forecasting
• Variances
• Functional budgets