Upon completion of the course, the student will understand the key elements of traditional budgeting and general process of development and use of budgets. The student will also be able to prepare a simplified master budget comprising of its supporting budgets. Apart from traditional budgeting the student will be acquainted with the alternative approaches in developing and using budgets and also with the idea of beyond budgeting.

Contents: Traditional budgeting; Alternative approaches; Beyond budgeting

Anandarajah - Aseervatham - Reid: Manage Budgets and Financial Plans. Pearson Education Australia, 2009.

Bhimani - Horngren - Datar - Rajan: Ma­nagement and Cost Accounting. Prentice Hall, 2012.

Articles and other materials delivered at the course web page.

Materials will be specified during the course.

Optional online exercises, and obligatory written exercises. The course evaluation is based on exercices, which include three case studies on budgeting. No exam required.  For more information, see study guide

Once the students are accepted for the course, they are automatically linked to the online learning platform.