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PLAN DE DESARROLLO DE LA MATERIA

|MATERIA: |Planning and Budgetary Control (5259) |
| |Tuesday 10:00 – 10:55 a.m. |
||Wednesday 8:00 - 9:55 a.m. |
|8:00NOMBRE DEL PROFESOR/A: |José Manuel Chu, M. Acc., CPA |
| |Office E- 110 |
|PÁGINA WEB: | |DIRECCIÓN ELECTRÓNICA: |jchum@usma.com..pa |
|IMPORTANCE OF THE COURSE:|
|This course is intended for business students who will be engaged in budgeting, financial planning, forecasting, profit planning, and control. A budget is the formal |
|expression of plans, goals, and objectives of management that covers all aspects of operations for a designated time period. The budget is a tool providing targets |
|and direction. Budgets providecontrol over the immediate environment, help to master the financial aspects of the job and department, and solve problems before they |
|occur. Budgets focus on the importance of evaluating alternative actions before decisions are actually implemented. This course explains what budgets are, how they |
|work, how to prepare and present them, and how to analyze budget figures and results. Thedevelopment and use of budgets at various managerial levels within a |
|business are discussed, as well as active financial planning software that combines budgeting, forecasting analytics, business intelligence, and collaboration. |
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|ENTRY COMPETENCIES: |
|Entry competency to take this course requires that the student has approved previous courses in Fundamentals of Management and Principles of Accounting. |
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|LEARNING OBJETIVES AND EXIT COMPETENCIES: At the end of the course the student will have these exit competencies |
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|• To define what a budget is |
|• To list and define the types of budgets|
|• To explain the steps involved in the budgetary process |
|• To distinguish between the bottom-up and top-down approaches to budgeting |
|• To describe how to coordinate departmental...