Learning Outcomes

In this free course, you will learn how to:

• Describe the purpose of budgeting and the advantages of using different approaches to budgeting
• Define ‘incremental budgeting’, ‘rolling budgets’, ‘zero-based budgets’ and ‘budgetary control’
• Discuss budgetary control and the use of budgets in performance management
• Define ‘management accounting’, ‘cost accounting’ and ‘budgeting’
• Identify the purpose of management accounting, activity-based costing and throughput accounting
• Explain activity-based costing, activity-based management and activity-based budgeting
• Identify throughput accounting costs, marginal accounting costs, direct costs and relevant costs
• Outline alternative approaches to budgeting in the multinational environment
• Compute throughput accounting ratios and total factory cost (TFC)