Finance & Budgeting

Finance is concerned with raising funds to meet various cash flow needs of the organization. Finance functions start by gathering the cash flow information from the accounting records and preparing projections of the cash flow. Organizations create a financial budget, which helps them manage the cash flows better. The finance control and budget provide the business with a more efficient planning mechanism to manage the inflows and outflows. Financial budget planning is a very powerful tool to achieve the long-term goals of any business. Importantly, it also keeps the shareholders and other members of the organization updated about the functioning of the business.

The course offered in the finance and budgeting section will help in understanding the relationship between profit, expenditure, and revenue in order to assess an organization’s financial environment and prepare and manage budgets better.