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Ch 13: Budgeting & Finance for Safety Professionals

About This Chapter

This chapter helps you quickly review budgeting and finance concepts for safety professionals. These bite-sized lessons and quizzes offer you a quick way to study for upcoming exams and expand your professional knowledge.

Budgeting & Finance for Safety Professionals - Chapter Summary

Learn how safety professionals go about budgeting and managing finances with this convenient online chapter. These short and simple lessons simplify concepts related to corporate budgeting, economic analysis and returns on investment. By the end of the chapter, you should be able to:

  • Explain how corporations prepare budgets
  • Assess techniques and principles related to budgeting and economic analysis
  • Use the return on investment formula

Try the accompanying self-assessment quizzes to reinforce your knowledge and remember important terms, formulas and principles. Our instructors are also happy to answer any questions you may have. You can study at any time that's convenient, and the chapter is accessible on any device that has an Internet connection.

6 Lessons in Chapter 13: Budgeting & Finance for Safety Professionals
Test your knowledge with a 30-question chapter practice test
How to Prepare a Budget for a Corporation

1. How to Prepare a Budget for a Corporation

Budgets are some of the most important documents that a company will produce. In this lesson, we'll learn how to prepare a budget for a corporation, starting by planning the budget and ending with distribution.

Economic Analysis: Definition, Techniques & Principles

2. Economic Analysis: Definition, Techniques & Principles

Learn about economic analysis and core principles used in economic analysis. We will also discuss techniques and methods used in conducting an economic analysis.

Return on Investment: Definition, Formula & Example

3. Return on Investment: Definition, Formula & Example

Return on investment is a crucial analytical tool used by both businesses and investors. In this lesson, you'll learn the basic formula, discover a variant used for shareholders, and be provided examples.

Financial Planning in Project Management

4. Financial Planning in Project Management

Financial planning is key to making smart project budget decisions. In this lesson, we'll learn about the two major types of budget estimates and how to develop a project budget.

Financial Risk: Types, Examples & Management Methods

5. Financial Risk: Types, Examples & Management Methods

In this lesson, you will explore the various types of risks faced by a business and understand how financial risk is different from other types of risks. Then, you will learn about the different types of financial risks and methods to manage them.

Procurement: Principles, Process & Strategy

6. Procurement: Principles, Process & Strategy

Ever wonder how companies get what they need to make their products? In this lesson, we look at procurement, or the process by which companies buy what they need to do business.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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