IUE333 Budgeting and Control

Code IUE333
Name Budgeting and Control
Status Compulsory/Courses of Limited Choice; Courses of Free Choice
Level and type Undergraduate Studies, Academic
Field of study Business Management and Administration
Faculty
Academic staff Irina Voronova, Jānis Mežiels
Credit points 2.0 (3.0 ECTS)
Parts 1
Annotation Budget, its role in business. Types of budgets. Procedure of planning a budget. Methods used in planning budgets. Application of established standards in the process of planning. Planning process: data collection and analysis, identification of goals and objectives, establishment of restrictive factors, elaboration and evaluation of functional, financial and consolidated budgets. Control and analysis of the budget execution..
Goals and objectives
of the course in terms
of competences and skills
Able to understand the business financial management. Able to plan, manage, monitor financial performance and evaluate the results.
Learning outcomes
and assessment
Comprehends the term "budget". - Written answers to questions. Assessment according to the 10-point grading system.
Comprehends the importance of the budget in entrepreneurship. - Solution of case study. Assessment according to the 10-point grading system.
Knows how to develop a budget and use it in business management. - Solution of case study. Assessment according to the 10-point grading system.
Able to control the budget execution. - Solution of case study. Assessment according to the 10-point grading system.
Test. - Based on performance during the semester.
Course prerequisites Business Economics.

[Extended course information PDF]