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Ch 13: Controlling in Organizations Overview

About This Chapter

This chapter outlines the fundamentals of controlling in organizations. Share these informative lessons and mini quizzes to help your employees develop and improve their basic controlling knowledge/skills.

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.

Skills Covered

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

5 Lessons in Chapter 13: Controlling in Organizations Overview
Test your knowledge with a 30-question chapter practice test
Financial Controls in Organizations

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.

Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting

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.

The Financial Planning Process

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.

How to Prepare a Budget for a Corporation

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.

Practical Application: Creating a Corporate Budget

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.

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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