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  6. Enterprise Budgeting_073

Enterprise Budgeting_073

COURSE ANNOTATION

Enterprise Budgeting

Recommended for students of the first (bachelor's) level of higher education

Course Objective:The course aims to develop students' ability to calculate indicators of operational and main budgets (profit and loss statement – P&L, cash flow budget – CF, and managerial balance sheet) and to justify managerial decisions based on the analysis of planned budgets and budget execution reports.

Interdisciplinary Connections: The Enterprise Budgeting course integrates previously acquired competencies in entrepreneurship, business information technologies, accounting, and management at a new level.

Learning Outcomes and Methods:

Learning Outcomes, Teaching Methods, and Assessment Tools

Learning Outcomes

Teaching Methods

Assessment Tools

Understanding key budgeting concepts, interdependencies of budget systems, and business characteristics

Lectures, discussions

Quizzes, tests, independent assignments

Approaches to developing a budgeting system based on the relationship between goals, functions, methods, and tools

Discussions, case studies

Assignments, projects

Methods for cost calculation and project budget estimation used for resource planning and control

Case studies, training

Reports, project work

Factors influencing the successful functioning of the budgeting system

Lectures, discussions

Analysis and evaluation

Organizational and structural aspects of the budgeting system

Lectures, discussions

Practical exercises

Course Content:

1.     Types of Enterprise Budgets

2.     Budgets and Company Structuring Based on Management Type

3.     Financial Structuring of Business by Responsibility Centers

4.     Budgeting as an Information Source for Business Management

5.     Profit and Loss Budget as a Profit Planning Tool

6.     Planning Cash Flows and Investments Through Budgets

7.     Managing Assets and Capital Based on the Forecast Balance Sheet

8.     Budget Performance Analysis and Evaluation

9.     Establishing a Corporate Budgeting System

Course Instructor:

Olena O. Kyzenko, Doctor of Economics, Associate Professor, Professor at the Department of Business Economics and Entrepreneurship. Email: e.kyzenko@kneu.edu.ua

Recommended Resources:

1.     Skorobogatova N.Ye. Budgeting in Management: Lecture Notes [Electronic Resource]. KPI named after Igor Sikorsky. Kyiv: KPI, 2023. – 155 p.

2.     Holov S.F. Management Accounting: Textbook. Kyiv: Center for Educational Literature, 2023. – 532 p.

3.     Greshchak M.G., Gordiyenko V.M., Kotsyuba O.S., Lozovyk Y.M. Cost Management: Practicum. Kyiv: KNEU, 2011. – 190 p.

4.     Fundamentals of Budgeting: Educational Guide for Independent Study of the Discipline. Edited by L.P. Batenko. Kyiv: KNEU, 2010. – 202 p.

5.     Partyn H.O., Zahorodniy A.H., Yasinska A.I., Voskresenska T.I., Mykytyuk N.O. Managerial Accounting: Textbook. Lviv: Lviv Polytechnic Publishing House, 2023. – 666 p.

6.     Shim J.K., Siegel J.G., Shim A.I. Budgeting Basics and Beyond. 4th Edition. Wiley Corporate, 2012.

Last redaction: 19.03.25