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LO-1
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Definition and importance of planning and budgeting, Types of planning in business: Strategic, tactical and operational planning, Explain the basic steps of the budgeting process |
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LO-2
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Basic elements of strategic planning, SWOT analysis and determination of strategic goals, To have knowledge about the effect of mission, vision and values on planning |
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LO-3
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To have knowledge about the importance and steps of operational planning, resource planning and capacity management, and the ability to set and develop short and medium-term operational goals. |
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LO-4
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To be able to explain the relationship between financial planning and budgeting, to be able to perform financial risk management by analyzing financial ratios and budget performance |
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LO-5
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To be able to explain the measurement of budget performance, to have knowledge about deviation analysis and corrective measures, and to be able to perform performance indicators and reporting |