CMA US Part 1 -Section B:Strategy & Budgeting

Planning, Budgeting and Forecasting

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Description

Welcome to the course.

This video tutorial traverses through understanding of planning, forecasts, budgets & top-level analytics. In this tutorial, you will learn --

Strategic Planning - This section introduces you as a learner to -

-- Mission, Vision
-- Goals & Objectives
-- Planning
-- Types of plans
-- SWOT
-- Other planning tools
-- Stategy success pointers


Budgeting Concepts - This section focuses on -
-- Planning, budgeting & performance
-- How to develop budget
-- Budget participation
-- Budgetary Slack
-- Responsibility centers
-- Goal congruence
-- Estabilishing Standard costs for budgets

Forecasting - This section focuses on -
-- Linear Regression
-- Learning Curve Theory
-- Raising funds through bonds
-- Probability in forecasting

Budget Methodologies - This section focuses on -
-- Annual Budget
-- Formulating budgets
-- Static vs Flexible Budget
-- Project Budget
-- Activity Based Budget
-- Zero-based Budget
-- Incremental Budget
-- Continuous Budget

Budget Cycle
-- Development of Annual budget
-- Master budget financial statements
-- Ongoing budget reports
-- Budgeting calculation questions

Top-level planning & analysis
-- Proforma financial statements
-- Analysis of proforma financials
-- Other uses of proforma

All explanations are based on CMA-USA-Part-1 syllabus which is considered as gold-level standard for management accounting profession. Teaching methodology is based on join-thedots pedagogy inter-linkage of multi-discipline subjects, a very powerful tool for aspiring leaders.

This course is suitable for candidates pursuing CMA-USA or CMA-India/CIMA-UK or candidates pursuing a career in finance & accounting. Feel free to drop us a message if you need any assistance for CMA-USA course material or any other queries.

Happy Learning

CMA Kiran
C2C Consulting

What You Will Learn!

  • Strategic Planning & Budgeting
  • Forecasting and Regression
  • Budget Methodologies
  • Top-level Analytics

Who Should Attend!

  • CMA-USA aspirants