About This Chapter
Controlling in Organizations Overview - Chapter Summary
Give your employees an overview of controlling in organizations with this comprehensive online chapter. The chapter is made up of simple and engaging lessons that outline the purposes and functions of topics like:
- Corporate budgets
- Financial controls
- Budget controls
- The financial planning process
The chapter can be accessed on any Internet-connected device, and you can either assign the lessons to individual employees or integrate these resources in your company's next training session.
How It Helps
- Builds awareness: The lessons help employees become aware of the entire financial planning process.
- Compares budgeting and financial controls: The chapter illustrates some of the key differences between various financial and budgeting controls that are used in organizations.
- Establishes budgeting skills: Employees will be able to create budgets for corporations after completing the chapter.
By the end of the chapter, your employees should be able to:
- Compare types of financial controls in an organization
- Differentiate between flexible, top-down, bottom-up and zero-based budgeting
- Outline the process of financial planning
- Prepare corporate budgets
1. Financial Controls in Organizations
Organizations have to deal with a lot of money. How do they keep it all straight? In this lesson, we're going to explore the concept of financial controls and see how these can be used to help organizations manage their resources.
2. Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting
In this lesson, we will explain the purpose of budget controls and explore several key related concepts including top-down budgeting, bottom-up budgeting, zero-based budgeting and flexible budgeting.
3. The Financial Planning Process
Financial planning is essential for the success of any business. In this lesson, you'll learn about the financial planning process that businesses perform, including preparation of a master budget, capital budget and cash budget.
4. 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.
5. Practical Application: Creating a Corporate Budget
Every corporation, big or small, needs an accurate budget in order to prosper. Here you can consider some of the key questions to be answered in order to develop an accurate, realistic budget.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the Management: Skills Development & Training course
- Management Overview
- Classical School of Management Overview
- Behavioral School of Management Theory Overview
- Contemporary & Future School of Management Theory Overview
- Planning in Organizations Overview
- Organizational Change Overview
- Organizing in Business Management Overview
- Work Teams Overview
- Leading in Organizations Overview
- Leadership Theory Overview
- Motivation in the Workplace Overview
- Communication in the Workplace Overview
- Human Resources Overview
- Strategic Management & Managerial Decision Making Overview
- Production & Quality Assurance Overview
- International Management & Contemporary Issues Overview