FIUBACOB Corporate Budgeting

School of Business Administration in Karvina
Winter 2023
Extent and Intensity
1/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Mgr. Tetiana Konieva, Ph.D. (lecturer)
Ing. Irena Szarowská, Ph.D., MPA (lecturer)
Guaranteed by
Mgr. Tetiana Konieva, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA
Timetable
Tue 11:25–12:10 A412
  • Timetable of Seminar Groups:
FIUBACOB/01: Tue 12:15–13:00 A412, T. Konieva
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 1/24, only registered: 0/24
fields of study / plans the course is directly associated with
Syllabus
  • 1. The organization of the corporate budgeting process
  • The essence of the budgeting as a system of the current financial planning at the enterprise. Types and stages of the budgeting.
  • 2. Sales budget
  • The main sources of the incomes and expenses of the enterprise. The components of the product price. Pricing methods. Requirements for the sales budget.
  • 3. Production budget
  • The connection between the production budget and sales budget. Reasons for the creating the inventories of the finished products. Determining the required volume of the finished products.
  • 4. Budget of the total costs of production
  • The structure of the production costs. Budget of the direct material and labor costs. Factors of the productivity increasing. Expenses for the production defect. Budget of other direct and general production costs. Ways to optimize the structure of the production costs.
  • 5. Budget of the administrative and sales costs
  • The procedure for budgeting of the administrative and sales costs. The ratio of the production costs and the administrative and sales expenses within the price of product.
  • 6. Cash plan
  • Budgets of cash inflows and outflows of the company. Causes of the cash deficit. Determining the amount of the doubtful and hopeless debts. Terms of credit policy of the enterprise.
  • 7. Forecast annual financial reports
  • Compilation of the balance sheet, the income statement, the statement of cash flows. Calculation of the break-even point. Analysis of the financial indicators. Ways to recovery and financial stabilization of the company.
Literature
    required literature
  • [1] ROSS, S. A., WESTERFIELD, R. W., JAFFE, J. and JORDAN, B. D., 2019. Corporate Finance. 12th ed. New York, NY: McGraw-Hill Education. ISBN 978-1-2599-1894-0.
  • [2] SHIM, J. K. and SIEGEL, J. G., 2005. Budgeting Basics and Beyond. 2nd ed. New Jersey: John Wiley & Sons, Inc. ISBN-13 978-0-471-72502-2.
    recommended literature
  • [1] MAITLAND, I., 2000. Budgeting for non-financial managers: how to master and maintain effective budgets. London: Pearson Education. ISBN 978-0273644941.
  • [2] MARSH, C., 2012. Finance for non-financial managers. London: Kogan Page. ISBN 978-0749464677.
  • [3] SECRETT, M., 2010. Brilliant budgets and forecasts: your practical guide to preparing and presenting financial information. London: Pearson Education UK. ISBN 978-0273730910.
  • [4] WYATT, N., 2012. The Financial Times essential guide to budgeting and forecasting: how to deliver accurate numbers. Harlow: Pearson Education. ISBN 978-0273768135.
Assessment methods
seminar work and its presentation (40 % assessment), written exam (60 % assessment). The minimum required number of points for passing the course is 51 % of the total number of points.
Language of instruction
English
Further Comments
Study Materials
The course is also listed under the following terms Winter 2021.
  • Enrolment Statistics (recent)
  • Permalink: https://is.slu.cz/course/opf/winter2023/FIUBACOB