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Week - 1
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Definition and importance of planning and budgeting, Types of planning in business: Strategic, tactical and operational planning, Basic steps of the budgeting process |
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Week - 2
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Basic elements of strategic planning, SWOT analysis and determination of strategic goals, The effect of mission, vision and values on planning |
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Week - 3
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Importance and steps of operational planning, Resource planning and capacity management, Short and medium term operational goals |
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Week - 4
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Stages of the budgeting process, Types of budgets: Sales, production, cash flow, investment budgets, Difficulties encountered in the budgeting process |
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Week - 5
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Sales forecasting methods, Preparation of revenue budgets, Market analysis and sales strategies, Preparation of production budgets, Cost budgets and cost control, Standard costing and deviation analysis |
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Week - 6
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Importance and preparation of cash flow budgets, Cash management and liquidity planning, Cash flow projections |
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Week - 7
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MIDTERM EXAM |
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Week - 8
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Preparation of investment budgets. Capital budgeting techniques: Net present value, Internal profitability, Payback Period, Risk analysis and investment decisions |
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Week - 9
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The relationship between financial planning and budgeting, Financial ratios and budget performance analysis, Financial risk management |
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Week - 10
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Measuring budget performance, Deviation analysis and corrective measures, Performance indicators and reporting |
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Week - 11
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Flexible budgeting techniques, Scenario analysis and stress tests, Budgeting under uncertainty, |
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Week - 12
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Strategic budgeting process, Long-term financial planning, Enterprise resource planning and budgeting |
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Week - 13
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Sustainability goals and budgeting, Environmental, social and governance factors, Sustainable financial planning and digitalization |
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Week - 14
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FINAL EXAM |
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