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Certificate in Budget Management

Course Code Standard Fee NYSC Fee Degree Type

CGC16

N10,000.000

N4,000.000

Certificate

Description

Modern businesses are an epitome of uncertainty and complexity. Over the period, this uncertainty and complexity in business has led to the development of various managerial tools, techniques and procedures useful in managing business successfully. Of all these, budgeting is the most common and widely used standard device for planning and control. This course provides fundamental understanding of budgeting, budgeting process and includes a practical guide for preparing and mastering financial budgets.

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Entry Requirements

Diploma and First Degree (Waiver: High School (O’Level) with minimum of 2 years work experience in a related field can apply).

Learning Outcomes

By the time you complete this course, you should be able to:

1. Overview of budgeting

2. Different types of budgets

3. Different approaches to budgeting

4. The process of preparing budget and budgetary control

Course Outline

Module 1: Overview of budgeting

The basic concepts of budget and budgeting

Budgeting and forecasting

Budgeting and management

Budgeting and planning

Budget procedures and budget administration

Module 2: Types of budgets

The components of operating budget

The components of financial budget

Module 3: Approaches to budgeting

The various approaches to building budgets

The distinctive features of each approach to budgeting.

Module 4: Preparing a budget

The preparation of operating budgets

The preparation of financial budgets

Module 5: Budgetary control

The basic concepts of budgetary control

The process of budgetary control

Budgetary variance

Measurement Tools

Module 6: Calculators in Budgeting

Flexible Budget Calculator

Sensitivity Analysis Calculator

Cash flow Calculator

Note

Due to emerging global trends, changes in the world and globalization across borders, our course outline, regularly change from time to time to meet up with this development and gives you leverage in a competitive world.

Teaching Methodology

The concepts in this course will be taught using a combination of lecture, discussion, and dialogue around cases, with emphasis on active learning. A case is a comprehensive exposition of a real managerial situation describing a set of problems and requiring a plan of action. The case method provides a pragmatic framework for the learning process. Its success depends heavily on student preparation and active participation in class discussions.

Course Assessment

To complete this course successfully, students must achieve a passing grade of 50% or higher on the overall course. This will include assignments and option test exam.

Study Modes

Classroom Online

4 Weeks

2 Weeks

Study Tips

  • 1. Come to class regularly and on time
  • 2. Be fully prepared and ready to participate in every class.
  • 3. Find learning and positive experiences with your classmates and the instructor.
  • 4. Read, prepare and turn in your assignments on time.
  • 5. If asked by the instructor to give your opinion on a topic, give your best answer.
  • 6. Willingly and unselfishly share your ideas, experiences, and opinions to the class.
  • 7. Appreciate the opinions and values of your classmates and be respectful
  • 8. Don’t be noisy; don’t interrupt anyone and do well to keep your argument professional.
  • 9. Keep what happens in class professional and confidential.
  • 10. If you cannot make it to class, please let the instructor know in advance.

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