Course Description

Course Title:

Introduction to Budgeting, Working Capital Management, and Accounting for Depreciation

Course Description:

This course is designed to provide Level 4 students with an understanding of the importance of budgeting, working capital management, and accounting for depreciation. Students will learn how these concepts contribute to business performance and gain knowledge of various budget-setting techniques, working capital management strategies, and methods for depreciating noncurrent assets. Through interactive lessons, quizzes, and assignments, students will develop the necessary skills to effectively manage financial resources, analyse liquidity, and make informed decisions.

Course Objectives:

 Understand the contribution of budgeting in setting and monitoring business performance.

 Evaluate the advantages and disadvantages of different types of budget-setting.

 Apply techniques for managing working capital and analyse liquidity ratios.

 Explain the methods used to depreciate noncurrent assets and calculate depreciation.

 Develop skills in budget monitoring, business planning, and resource allocation.