Fundamentals • Intro to Financial, Cost & Managerial Accounting • Importance of Budget and its link to Strategic Management Process • Effective Target Setting • Budgeting: The Basis for Planning and Control • Advantages & Disadvantages of Budgeting Budgeting • Budgeting Process • Types of Budgeting • The Master Budgeting (Operating & Financial) • Budget Period • Budget Implementation • Activity-Based Budgeting (ABB) • Standard Costing • Zero-Base Budgeting Budgetary Control • Financial Control Techniques • Budgetary Control Process • Non financial Measures in Budgeting • Static vs. Flexible Budgeting • Variance Analysis • Flexible Budgeting and Activity-Based Costing The Basics of Capital Budgeting • What is Capital Budgeting? • Classification of Investment Projects • Steps in Capital Budgeting • Methods (NPV, IRR, MIRR, Profitability Index, Payback, discounted payback) • Types and Interaction with Risk • Measuring Risk • Sensitivity analysis • Scenario Analysis • Break-even analysis Forecasting • Elements of a Good Forecast • Forecasting Process • Time-Series Forecasting Techniques • Linear and Seasonality • Forecast Accuracy and Control • Forecast Error Calculation |