Name: Planning, Budgeting, and Forecasting
Price: 155 CAD
Rating: 4.5 (191 reviews)

What You'll Learn

check_circleExplore how strategic planning determines the path an organization chooses for its long-term goals.

check_circleIdentify the appropriate time frame and the characteristics of successful strategic plans.

check_circleExplore Michael Porter’s 5 forces model.

check_circleExplore Michael Porter’s generic strategies of cost leadership, differentiation and focus.

check_circleIdentify the internal and external factors that should be analyzed during a SWOT analysis, how the analysis leads to recognition of organizational opportunities, limitations, and threats.

check_circleExplore and develop an understanding of the following tools: Situational analysis, competitive analysis, PEST analysis, scenario planning, contingency planning, and the BCG Growth-Share matrix

check_circleIdentify the role of executive management in the budget process.

check_circleIdentify who should participate in the budget process.

check_circleExplore and develop an understanding of how management uses budgets to motivate, control, communicate, and influence.

check_circleIdentify best practices in the budget process.

check_circleExplore an overview of business forecasting and statistical forecasting.

check_circleExplore learning curve analysis.

check_circleIdentify the purpose, time frame, appropriate use, benefits and limitations for: Annual profit plan/master budgets, project budgets, activity-based budgets, zero-based budgets, continuous budgets, static and flexible budgets.

check_circleIdentify and develop the components of the annual profit plan’s operating budget: Sales forecast and sales budget, ending inventory levels and production budget, manufacturing Budgets (Direct materials, direct labor, and overhead), cost of goods sold budget, and expense budgets.

check_circleExplore a capital expenditure budget and a cash expenditure budget.

check_circleExplore the use of standards in budgeting.

check_circleIdentify the steps that are taken in developing direct material and direct labor standards.

check_circleExplore the accumulation and flow of costs in raw materials, work in process and finished goods.

check_circleIdentify cost of goods manufactured and cost of goods sold.

check_circleIdentify prime and conversion costs.

check_circleIdentify the purpose of and prepare the following pro forma financial statements: Income statement, statement pf change in stockholder equity, balance sheet, and statement of cash flows.

About This Course

This course covers the Planning, Budgeting, and Forecasting material tested in the Certified Management Accountant (CMA) Part 1 examination. Topics include: • Strategic Planning • Strategic Planning Tools and Techniques • Budgeting Concepts • Correlation and Regression • The Learning Curve • Budget Methodologies • The Operating Budget • Capital Expenditure and Cash Budgets • Top Level Planning and Analysis Whether you take the Certified Management Accounting (CMA) exam or not, using CPE credits to learn the content covered in the exam is a pathway to developing your analytical and critical-thinking skills and closing skills gaps in a variety of relevant topics. Field of Study: Finance

Your Instructor

Tom Coghlan CMA, MBA

Managing Director of CPE University, LLC

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Tom Coghlan, CMA, MBA has worked at the intersection of accounting, information technology and decision making for over 30 years. His diverse set of experiences and roles include serving as: Founder of CPE University, LLC, a provider of online and in-person CPE programs in operational analysis, managerial accounting, decision making, and ethics. He is one of the top CMA exam review instructors in North America, and has helped hundreds of people prepare to take the CMA examination Founder of Appitur® Co., the developer of a mobile platform that provides exam prep companies with a branded app/web solution for their students to access study materials Business Fellow and Instructor at Villanova University, where he taught graduate and undergraduate courses in Accounting and Analytics, and was the Director of the Center for Business Analytics CFO and Director of Information Technology for a multi-national business unit of Imperial Chemical Industries Partner and Vice President of Client Services for FirstQuarter, Inc., where he led projects that helped clients including Cordis (division of Johnson & Johnson), Del Monte Foods, Alcon, Analog Devices, and Stantec maximize their technology investments Tom earned a BS degree in Business Administration from Drexel University, and an MBA from LaSalle University. Tom is a Certified Managerial Accountant (CMA), and passed the Certified Public Accounting (CPA) exam in Pennsylvania.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

Planning, Budgeting, and Forecasting