Budget Management

Classes are theoretical-practical, using an expository methodology to present the theoretical aspects of the program contents, supported by a methodology focused on solving practical cases particularly suitable to complement the problems developed and essential for consolidating knowledge.

This UC aims to provide the student with management accounting, budgeting and control techniques, as instruments at the service of management and to support the decision-making process. It is intended that the student understands the importance of operational and financial information as a fundamental instrument in the process of achieving the defined objectives, monitoring the activities carried out and the resources used, which influence the knowledge and attitudes of managers. With the knowledge taught, it is intended that at the end of the curricular unit, the student will be able to: a) Develop knowledge and techniques related to preparing budgets by functions and responsibility centers and their control, in conjunction with strategic and operational planning, from a perspective of using the budget as a forecast management tool; b) Highlight the importance of benchmarking in the context of budget preparation and evaluation of standards. c) Integrate the issue of determining and analyzing deviations in all responsibility centers of a profit-oriented organization, whether industrial, commercial or service. d) Establish a methodology for implementing a cost and budget management system.

1. SCOPE AND OBJECTIVES OF ACCOUNTING FOR MANAGEMENT FUNCTIONS

2. THE BUDGETING PROCESS

    2.1. Main Concepts and the Role of Budget Management

    2.2. Budget sequence: by Functions and Responsibility

    2.3. Obstacles to the Budget Process

3. BUDGETARY CONTROL

    3.1 The Process, Characteristics, and Limitations of Budgetary Control

    3.2 Diagnosis of Deviations by Responsibility and Cause: Sales, Variable Commercial Costs, and Production Costs